CoWrks acquires on-demand Workspace Startup The UnCube
Leading co-working startup CoWrks announced the acquisition of The UnCube, which provides on-demand workspace solution.
The development signals consolidation in the fast-growing co-working segment, which is accounting for 15-20 percent of the total office space leasing across major cities. Recently, Oyo acquired Innov8 to enter into this business.
After the acquisition, Bengaluru-based CoWrks will now rename the entity to CoWrks Go.
Currently, CoWrks has 25 operational centres and 25,000 members spread across 2 million sq ft area with presence in major cities.
Founded by Sakshi Khanna in 2017, The UnCube provides co-working space for professionals on transit by partnering with restaurants and cafes. It currently has 2,500 members working across 200 locations in seven cities suc...