# Justwork Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/justwork-technologies-private

- Industry: Real Estate Development & Operating Companies
- Headquarters: New Delhi, India
- Website: www.myhq.in
- Total disclosed funding: $0.1M
- Latest round: Angel (Sep 8, 2016)
- Investors on record: 1

## About

Justwork Technologies Private Limited specializes in flexible workspace solutions, catering to the evolving needs of freelancers, startups, and large enterprises through customizable coworking environments and virtual office services.Founded in 2016 and headquartered in New Delhi, India, Justwork Technologies Private Limited operates primarily in the flexible workspace sector. The founders, Utkarsh Kawatra and Vinayak Agarawal, have backgrounds in innovative business solutions. The company raised INR 1250 mn in a TRADE SALE in April 2022, when ANAROCK Property Consultants Private Limited acquired a 75% stake. This funding round marks the culmination of the company's total raised amount, which is also INR 1250 mn, through four different deals.myHQ provides flexible workspace solutions tailored for diverse clientele, including freelancers, startups, and large enterprises. The primary offerings encompass coworking spaces, fixed desks, and virtual office services. Clients can opt for short-term pay-per-use plans or long-term leases, allowing for adaptability based on their operational needs. The workspaces are equipped with necessary amenities, catering to professionals seeking a conducive environment for productivity. With a strong presence across multiple cities in India, including Delhi, Mumbai, Bangalore, and Hyderabad, myHQ serves a wide-ranging customer base, addressing the growing demand for flexible office solutions in urban environments.myHQ operates on a transaction-based revenue model, generating income through the leasing of office spaces and coworking arrangements. For the most recent year, 2022, the company reported a revenue of INR 1,326,618.50 and an EBITDA of -29,323. Revenue is derived from direct agreements for either pay-per-use plans or fixed desk rentals, accommodating various business sizes and needs. The company's offerings, such as dedicated seats and private cabins in fully-equipped coworking spaces, contribute to its overarching revenue strategy, capitalizing on the flexibility and accessibility that modern professionals require.Following the acquisition in April 2022, Justwork Technologies plans to leverage its recent funding to enhance its product offerings and expand into new markets. The focus will be on designing and launching new flexible workspace products aimed at improving client experience. The company targets an expansion into additional cities across India, aiming for growth in regions with increasing demands for flexible office solutions. The capital from the TRADE SALE will be instrumental in facilitating these initiatives and ensuring operational scalability.

## Funding rounds

- Angel, Sep 8, 2016, $0.1M — Outbox Ventures

## Investors

- Outbox Ventures (https://capitalatlas.ai/funds/outbox-ventures) — Angel