INTRODUCTION

91springboard is a vivacious co-working community created for startups, freelancers and business owners with a startup mindset. Co-working is a new way of working in which people from diverse backgrounds, experiences and companies all work under the same roof.
They are dedicated to making your work-life easy and fun while playing an entire role in helping your organization grow. They provide these individuals and businesses access to a fully functional workspace, a network of mentors & investors along with events for networking and gaining knowledge. Members of 91springboard get access to a co-working space with 24×7 office infrastructure support, key service providers, knowledge sharing & collaboration, networking and of course, a free spirited culture that breeds innovation.

ABOUT THE FOUNDERS

Company have a few co-founders:

Anand Vemuri 
MS in Mechanical Engineering, Stanford University; 4+ years experience working at a medical device start-up (Caldera Medical) in Southern California, working on implantable devices for soft tissue repair.

Deepak Sharma 
Ex Global Chairman, Citi Private Bank, Citibank/Citigroup. Held several CEO/Regional Head positions in Citibank across different businesses & geographies globally. Co-chair, ISSCR and Member of the Board of Middle East Institute, Singapore.

Pranay Gupta 
PGP from IIM(A); B.Tech & M.Tech IIT Delhi; Worked with Lehman Bros & Nomura; Joint CEO at CIIE, IIM Ahmedabad; Established iAccelerator, Power of Ideas and MentorEdge; Involved with over 80+ startups; Led 40+ investments in startups across many domains.

Varun Chawla 
A graduate of Cornell, Varun has 5+ years of Equity Research experience with Goldman Sachs in the U.S. & India. Previously, he founded myguesthouse.com that was later acquired by Make My Trip. He is also an ambassador to the ‘World Startup Report’ and is a founding faculty member of the Adianta school for Leadership & Innovation.

Susan Lim 
A pioneer surgeon who successfully performed Singapore’s 1st liver transplant, robotic surgeon, Fellow of the American College of Surgeons – Fellow, Royal College of Physicians & Surgeons of Edinburgh – PhD in Transplantation Immunology, University of Cambridge – Co-chair of the Global Advisory Council, International Society for Stem Cell Research (ISSCR) – Visiting Scholar, UC Berkeley – Entrepreneurial, with a dare to challenge the status quo spirit, huge love for music and the outdoors.

HISTORY OF THE COMPANY

91springboard is based on New Delhi and was founded in 2012. There are in between 51 to 200 peoples employed. 91springboard are present at 7 locations across India (Delhi, Gurgaon, Hyderabad, Noida, Bangalore, Mumbai and Navi Mumbai) currently.

SERVICES THEY OFFER

91springboard run events that help you acquire the skills needed to grow your business. Everything from one-on-one mentor sessions to workshops, seminars and round-table conferences. 91springboard is a community of entrepreneurs that share and learn from each other. Your coworkers could end up becoming your co-founders, friends, teammates or even clients. 91springboard got the basics covered like Private cabins & open workstations, high speed wifi, conference rooms, scanner & printer, cafe, power backup, games/chill zone, 24X7 access.

ACHIEVEMENTS SO FAR

91springboard has announced the completion of a funding round from Sandway Investment Ltd, Pearl Brook Holdings, AMA Holdings, Silo Holdings and Al Nour. The co-working space will use the proceeds for expansion in existing and new markets. This funding takes the total funding raised by the company to over $20 Mn.

In April this year, it launched a second hub in Noida with a seating capacity of 800 members. In August 2016, 91springboard raised an undisclosed amount of funding from Khattar Holdings, ThirtyThree Investments, and others.

COMPANY GOALS

“We’ve seen the demand for our coworking spaces grow rapidly in the last two years, from startups, freelancer and large enterprises alike. 91springboard has grown very quickly in this time – our 14th hub went live this week – and we will use these funds to further ramp up our growth, and bring our offer of increased productivity, collaboration and growth to customers in more areas and markets.” said Anand Vemuri, co-founder and CEO.

CONCLUSION

91springboard competes with Awfis, Innov8, Investopad, Jaaga, BHive, Nasscom’s 10,000 Startups Warehouse in the burgeoning co-working space. Recently, New York-based co-working space provider WeWork unveiled its second community workspace in the commercial and financial centre of Mumbai. Just last week, New Delhi-based co-working space provider Creator’s Gurukul raised an undisclosed amount in a round of funding from a series of investors.

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