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91Springboard to Add 8,000 Seats Across 3.6 Lakh Sq Ft in Five New Hubs
Sentiment: NeutralHigh Priority
What Happened?
91Springboard, a Mumbai-based workspace provider, is launching five new hubs in Chennai, the Mumbai Metropolitan Region, and the National Capital Region, adding over 3.6 lakh sq ft of workspace and 8,000 seats. The largest addition is in Thane, with a premium workspace of 1.95 lakh sq ft.
Key points
- 91Springboard is expanding into Chennai, MMR, and NCR.
- The company plans to strengthen its presence in Chennai, Hyderabad, and Pune over the next six months.
- Large enterprises contribute 60% of the company's revenue.
- The expansion includes a 1.95 lakh sq ft workspace in Thane.
- 91Springboard aims to enter Tier-2 markets after consolidating its presence in key cities.
Key insights
- The expansion may attract more startups and SMEs to 91Springboard's facilities.
- Strengthening presence in major cities could lead to increased revenue.
- Entering Tier-2 markets may diversify the company's customer base.
Why it matters
This expansion could enhance workspace availability in key Indian markets.
Tags
Entities
91Springboard· CompanyMumbai· CityChennai· CityHiranandani Avenue· LocationHyderabad· CityPune· CityNational Capital Region· Location
Source
Business Standard
