The rise of shared economy in India

The rise of shared economy in India

Coworking isn’t novel concept in India. Even before the popular adaptation of sharing office culture in metro cities across the country, people have been familiar to the economy of shared resources. Right from sharing bikes and rooms in colleges, to using shared flats and PGs in posh localities near IT hubs, sharing and renting are well established since long. With the advent of ride-sharing, furniture renting the concept has further gained trust among masses. People have started sharing jewellery, designer apparels and even offices.

Sharing office spaces is the most logical innovation in the corporate work setup. It inspires coworkers to work harder together towards something bigger and instills a sense of collaboration. Coworkers have the facilities and amenities of corporate offices while having the flexibility of working according to their own convenience. As coworking comes to the mainstream, more and more large corporates are starting to realise the benefits of collaborative environment. Big companies like Airbnb and Uber are already experimenting with it.