The Weekly Hive
NECTAR
A step towards Sustainable Future with Coworking Spaces
There are a few things that revolve around sustainability when it comes to coworking spaces. Let's dive deep into the characteristics with which a coworking space can contribute towards?#sustainability .
One of the key aspects to look at is the?#sharingeconomy ?in that sense, where resources and their utilization are becoming much better and more efficient. If you think about?Uber , instead of so many individuals buying cars, fewer cars are getting utilized better. This ensures that lesser cars are produced and those already in the?#market ?are utilized well. The same applies to many different things currently. I believe that even a service like?Airbnb ?allows many people with empty houses or spare rooms to make a profit by simply providing unused space.
These steps increase the utilization of resources in the long run that aids us in streamlining, essentially a solid step towards sustainability.
Diving deeper into coworking spaces, there are also more provisions to inculcate a hybrid work culture, among other aspects.?#Hybrid ?work culture aids sustainability, without needing an explanation.
Now, let's assume there are X number of people served in one of our one-lakh sq. ft. coworking spaces. If the?#coworking ?industry didn't exist, the same X number of people when working out of their own offices are more likely to create two lakh sq. ft. of office space or more, put together. That would imply much more furniture, electricity, water, and every other resource. So I believe we're aiding the green transformation by having an integrated smaller space that serves a larger number of people. We always have a keen focus on efficiency because, for us, this is key to our?#business ?model. Wastage is not something we plan to be a part of!
In the coworking space industry, we need to utilize resources without waste to execute our business model successfully. Meanwhile, if we're considering a different stream of business that works out of a #traditional office, they wouldn't be as vigilant with their resources because their focus has to be on their own product/service.
Today, an average employee in a city like?#bengaluru ?can find a coworking space much closer to their home than #office , essentially reducing their daily commute. Meanwhile, imagine a big company that operates from a single workspace in the entire city. The average commute of their employees is going to be higher as the employees would be coming from different parts of the city.
Coworking spaces are thus definitely aiding in reducing commutes, implying lesser #fuel use. Furthermore, there is a better utilization of their own time and productivity.
I think reducing travel is an effective step towards a?#sustainable ?future among others and of course, it also augments in reducing your company's overall?#carbonfootprint ! In addition, there is an active community that is being built, opening up interactions and?#networking ?between entrepreneurs.
THE BUZZ
PhonePe gets a $100-million top-up after $12-billion valuation
Digital payments firm? PhonePe , co-founded by Sameer Nigam , Burzin Engineer , and Rahul Chari ,?has raised another $100 million in primary funding from fintech backer Ribbit Capital ,? TVS Capital Funds (TCF), and New York-based investment firm? Tiger Global Management ?at a pre-money valuation of $12 billion. The fresh funding comes right after a?$350-million capital raising from private equity firm General Atlantic ?in January.
Existing and new investors, including Chinese tech major 腾讯 , Qatar Investment Authority , 微软 , and Flipkart ’s cofounder Binny Bansal , were also expected to invest in PhonePe's ongoing funding round, ET reported. PhonePe, owned by 沃尔玛 ,?was last valued at $5.5 billion after raising $700 million from the US retailing behemoth in December 2020.
Story Courtesy: The Economic Times
Garuda Aerospace receives $12 Mn Funding From SphitiCap
In Picture: Anurag Thakur, Minister for Information and Broadcasting, Youth Affairs & Sports, operates a drone alongside Agnishwar Jayaprakash , Founder and CEO, Garuda Aerospace Private Limited (left) and Rithika Mohan Agnishwar, CIO, at the launch of drone skilling and training platform in Chennai
Drone startup Garuda Aerospace has secured $17 Mn in a Series A funding round led by venture capital firm SphitiCap and others. In November last year, the startup raised another $5 Mn from India, UAE, and Singapore-based?HNI and angel investors. With the fresh funding round, the startup has raised $22 Mn in its Series A round.
Of the total $17 Mn investment, SphitiCap infused $12 Mn while global and angel investors along with HNIs concertedly put in $5 Mn.
Story Courtesy: Inc42 Media ?
BUMBLEBEE
STONE STREET is all set for your favorite coworking campus!
Are you ready for the ultimate experience??
Bengaluru's first neighborhood Highstreet with Global Cuisines, Entertainment, and Networking in a Coworking Campus!
See you soon!
'STONE STREET' is opening at GARUDA BHIVE Workspace, BTM Layout.
Stay Tuned for more updates - https://www.instagram.com/stonestreet.blr
We had an amazing experience hosting all the wonderful investors from South Korea, at our HSR Campus. The session's objective (Impart Summit '23) was to provide an opportunity for upcoming #startups to pitch their ideas to leading #investors from around the world.
Nilah Advisors ?has been taking some truly unique #initiatives to bridge the gap between #entrepreneurs from #Korea and #India . Kudos to all the great efforts put in by?Sowmya Keshava !
The other delegates we hosted included Jay Hyunjung Kim , VP ( South Ventures ), members from Simsan Ventures , SK电讯 , Altalk Ventures, and Adullam, the Korean Media Partner.
HIVE's FIVE
OFFER FOR THE WEEK
BLOGOSPHERE
WORKAPELLA
ROYAL JELLY
COMPOUND EYES
A Lee Chung-hyun directorial, The Call is a 2020?South Korean Horror?Thriller. A remake of the British/Puerto Rican film?The Caller,?the thriller?revolves around Seo-yeon and Young-sook, two women from different times who connect through a phone call that interchanges their fates.
The movie begins with Kim Seo-yeon losing her cell phone while traveling to visit her sick mother. Upon arriving at her childhood home in shambles, she finds an old cordless phone and starts receiving calls from a distressed woman being tortured by her own mother. After investigating the house, Seo-yeon realizes the woman on the phone, Oh Young-sook, is living in the same house, but at a different time, about 20 years ago! The two communicate across time through the phone, and exchange information about their lives.
What ensues is a gripping thriller with Kim Seo-yeon having to battle many challenges to continue life "uneventfully".