Co-working start up Hub and Oak will soon open two new centres in the national capital comprising 750 seats with an investment of about Rs 4 crore, a top company official said.
Founded by Srishti Dhir in 2017, Hub and Oak currently has four coworking centres comprising 300 seats in the national capital.
“We are coming up with two new centres in Delhi by the end of this year. The locations have already been finalised. These new centres will take our capacity to over 1,000 seats,” Dhir said.
Hub and Oak provides seats in a price range of Rs 10,000 to Rs 12,000 per month.
Dhir said the company has invested about Rs 1.2 crore to set up these four operational centres and will put in Rs 4 crore more on these two new co-working facilities.
Asked about revenue, she said the company’s revenue is Rs 20 lakh per month currently and this will reach Rs 60 lakh with opening of these new centres.
“We operated one centre in defence colony for over two years at 100 per cent occupancy before we decided to expand and grow this business. Now, we want to expand and open centres across India through blitz-scaling strategy,” said Dhir, who is an alumni of London Business School.