Co-working startup 91Springboard plans to expand its office space portfolio by adding around 500,000 sq ft in FY26 across key existing markets. The expansion aligns with the company’s strategy of targeting Tier I and metro cities where demand for flexible workspaces continues to rise.
“Our growth comes from focusing on the right markets, especially metro cities where the need for co-working spaces, managed offices, and flexible workspace solutions is high,” Anshu Sarin, CEO, 91Springboard, told Fe. She said that the company’s cluster strategy, where office spaces are placed in close proximity, allows businesses to move, expand, or downsize seamlessly within its network. “This approach ensures our members find the right workspace as their needs evolve while also enabling us to streamline operations efficiently,” Sarin added.
91Springboard anticipates a 25-30% revenue growth over FY25, driven by its expansion efforts and operational efficiencies. Notably, the company has achieved profitability since FY24 and is now exploring opportunities to secure additional growth capital. The startup, which has raised $45 million in funding to date, aims to attract investors who align with its market-driven expansion strategy.
The flexible workspace sector is rapidly evolving into a mainstream commercial real estate asset class, and Sarin expects this momentum to continue. “Enterprises are increasingly seeking managed office solutions alongside co-working spaces. This trend is paving the way for stable, long-term partnerships that drive mutual growth,” she said.
91Springboard is also focusing on the ‘hotelisation’ of workspaces, offering tailored solutions such as rotational seating and customisable office designs. The company believes that the growth of hybrid work models and the demand for private offices, shared desks, and event spaces will open up new revenue streams. “We see enterprises transitioning from traditional co-working setups to private managed offices, reflecting the adaptability of co-working models,” Sarin said.
Founded in 2012, 91Springboard currently operates across eight cities, including Bengaluru, Mumbai, New Delhi, Hyderabad, Gurugram, Noida, Pune, and Goa. The company competes with major players such as Innov8, Awfis, WeWork India, and IndiQube.
Sarin further said that the increasing demand for flexible work solutions will persist, as corporates continue to embrace agility in workspace strategies. “The ‘workspace-as-a-service’ model, with tailored solutions, flexible leases, and premium amenities, is shaping business models and fueling industry growth,” she said.
According to a Mordor Intelligence report, the co-working office space market is projected to grow from $2.08 billion in 2025 to $2.91 billion by 2030, at a CAGR of 7% during the forecast period.