Nikita, CoFounder, Housepital

TOP TALKS: Nikita Gupta, Co-founder, Housepital

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Under the founder speak initiative of The Office Pass (TOP) christened #TOPTALKS, we are pleased to share the story of Nikita Gupta, Co-founder, Housepital. Nikita & her team has been associated with TOP Coworking space for over a year.

Housepital delivers hospital-like healthcare services to our patients in the comfort of their home supported with latest technology and highly-skilled medical professionals. Since its inception, Housepital are focused on providing the best customer service in every aspect.

In this post, Nikita shares her experience of building and scaling the company.

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1. Tell us something about you (education & experience) and the business you started

I studied MBA and worked for 3 years before co-founding Housepital with my husband Divyanu.

2. How old is your company and how did you think of this concept? What problem are you trying to solve?

Housepital is the brainchild of my husband and co- founder, Divyanu Gupta. He has extensive experience in health care. Our family also runs a hospital and we noticed a gap in patient recovery. We observed that a lot of patients get readmitted because they do not get the right kind of patient care and support at home.

When we analysed data, we realised that this was a prevalent problem across hospitals. From the health perspective, readmissions or multiple visits to the hospital opens patients to a lot of infections, especially long-term patients and therefore unnecessary.

And of course, we wanted to provide the comfort of recovering at home. So, we started from providing the right kind of manpower support in terms of nursing, caretakers and physiotherapists and gradually grew to include ambulance services, labs and diagnostics like Xray and ECG.

Now we have medicine delivery and also conduct minor procedural changes with equipment.  Our specialization is in Chronic Patient Rehabilitation. We are a supporting service for a hospital.

3. What is your business model (how do you make money)? Would be great if you can share some actual data like revenue growth (QoQ or YoY), active user / customers, new initiatives etc

We were working on this idea from 2016- 17 but formally launched in 2019. And since then, we have seen a substantial growth. We are not funded hence bootstrapping the entire operation. We train, and deploy our employees at the patient’s house. We take care of invoicing and employee salaries.

We have provided patient care to 17000 people so far across Delhi – NCR. We worked quite a lot during Covid as well and also taken care of critical patients. We also have a lot of inventory for our equipment so we rent them and even sell.

We have added a fleet of ambulances so we can provide end to end support for people. For labs and medicines, we have tie ups with Tata, 1MG, Apollo etc.  Right now, our services are limited to the Delhi- NCR areas. We started small to understand the challenges before we expand. 

4. Top 3 steps taken by you to attract and retain talent? Explain how you develop / nurture talent in the company?

We have an old school approach to retaining our talent which is treating them as family. We do not believe in hierarchy or creating a structure or difference. We leave an open environment where everyone can talk and strongly feel that this approach can retain our employees.

The Housepital team @ The Office Pass (TOP) Coworking Office in Delhi NCR

The Housepital team @ The Office Pass (TOP) Coworking Office in Delhi NCR

We currently have 50 employees on our payroll and have a pool of 700- 800 medical professionals that we deploy. We have people who have been working with us right from the day we started the company.

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5. Tell us about your workspace (own office, coworking office, managed office or anything else like home office or hybrid working environment) and the reason for opting for them 

Though we have tie up with two hospitals, one in Faridabad and one in South Delhi, The Office Pass (TOP) is our first exposure to a coworking space and our entire backend team works from here.

6. What do you like to do in your free time? 

I enjoy baking. My husband and I believe in giving back to the society so we work on a lot of social causes together. We are both Rotarians and I am president elect of our Rotary club.  We are fond of animals and love spending time with our four dogs.

7. Tell us about your experience with The Office Pass (TOP)

We are enjoying the experience of working from The Office Pass (TOP). It’s a beautiful location and a well-designed space. We find it extremely comfortable. We’ve had many interactions with Nikhil and the team is very easy to work with.

To know more about The Office Pass (TOP) Coworking Spaces, please feel free to call us at 08999 828282.

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How coworking office helps you to establish your business in a new city

How Coworking Spaces Lead to More Innovation for Tech Startups?

Startups are born every other day. Given India’s understanding of technology, it’s safe to assume that a majority of startups are focused on the tech space. Statistically speaking, 7.1% of all startups around the world are in the Fintech industry followed by Life sciences (6.8%).

Source: First Site Guide

As with every startup, tech founders are gravitating towards coworking spaces for their teams. It’s not just the budget-friendly nature of coworking spaces for tech startups that make them an attractive working preposition. 

Since coworking spaces are shared by professionals from various fields, it encourages idea sharing and knowledge spillovers. It’s just what’s needed to push innovation for tech startups. Here are some of the ways coworking spaces lead to more innovation for tech start-ups.

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6 Ways coworking spaces lead to more innovation for tech start-ups

Exposure To More Ideas

When it comes to tech startups, every step of product creation is a challenge. You need to constantly address problems and find ways to solve them. Some you may be able to solve on your own but there may be others that stump you. Remote workers can’t really expect consistent spectacular breakthroughs after spending days working on their own. You need to feel like you’re part of something bigger and sometimes get someone else’s point of view on a problem. 

Coworking spaces for tech companies is the perfect solution. You’re surrounded by creative, passionate professionals from different industries and stages of the business, who you can talk to, exchange ideas with and learn from. 

Unplanned Interactions

One of the biggest coworking space benefits for startups is that it breaks down walls between companies. Everyone works on the same floor. Thus, it becomes easier to interact with others. Rather than have to wait for scheduled meetings, you can walk across to someone in the common spaces and strike up a conversation. 

When you’re facing an issue that you know someone else has the answer to, you can go across and ask him directly without wasting time. This saves considerable time for tech startups. 

Unplanned Interactions

Source: Science Direct

A survey found that a majority of professionals in coworking spaces saw these unplanned interactions and networking opportunities as the main reason for joining the space. 

Collaboration Opportunities

The benefits of coworking space for tech startups are not limited to exchanging ideas. It becomes much easier to find collaborators. A survey found that 39.01% of professionals working remotely found collaboration and communication to be their biggest challenges. It’s also one of the biggest hurdles to innovation. 

What are your biggest challenges when working remotely?

Source: Coworking Insights 

A coworking space helps with both communication and collaboration. Within the technology space, you may realize in the course of a conversation that the person sitting beside you has developed a piece of code or tool that can be integrated with your product to improve functionality. You may even meet collaborators who can introduce you to new clients. 

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Immediate Feedback

There are many steps between product ideation and launch. At every stage, you need to test the product and gather feedback to find ways to improve it. Testing the product on friends and family may not always give you the response you need since they may not understand the nuances of technology. 

They may also be biased in your favor. You need a wider, more neutral testing audience – the freelancers and other remote workers in your coworking space may be ideal. You can ask them to test the product and get instant feedback. If you’re lucky, you may even find a mentor who can accelerate product development. 

Fewer Distractions

A survey of remote workers found that 12% listed distractions at home as their biggest struggle. The more distractions you face, the slower your rate of innovation.

State of Remote Report 2022

Source: Plutio

One of the main advantages of working in a shared office space rather than your neighborhood café is that the space is used only by other working professionals. There is a much lower risk of having someone disturb you and no one will ask you to move to make place for someone else. 

Similarly, while you may be tempted to watch a television series in the middle of the day or take a nap at home, there are no such distractions in a coworking space. 

Like you, everyone else in a coworking space has a professional goal to meet. Hence, you can stay focused on your task for the day and innovate at a faster pace. 

Inspiration From Everyone Around

Lastly, a coworking space provides the ideal environment for innovation. Each day, you get to choose whether you want to work on your own at a corner desk or a community table. In either case, you’re surrounded by like-minded professionals. 

There’s no dearth of motivation. One look around at everyone else working diligently on their tasks will inspire you to get moving too and not give in to daydreaming. 

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Finding The Right Coworking Space For Tech Startups

To experience the full range of benefits offered by coworking spaces, you need to make sure you choose the right one for your team. 

As a tech startup, along with looking at the basics such as location, ergonomic furnishing, and safety, you also need to look into internet bandwidth, the availability of printers, power backup, meeting rooms with audio-visual conferencing equipment, etc. 

If you are in Delhi, Noida or Gurgaon, check out The Office Pass (TOP), the largest Coworking and Managed Office operator in Delhi NCR that has shared office spaces that meet all your requirements. These spaces are popular with many tech startups and apart from giving you space to work undisturbed; it also offers opportunities to expand your network. To learn more, reach out to us at 08999 828282.

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Pankaj Kathuria, CEO Idoraa

TOP TALKS: Pankaj Kathuria, Co-Founder / Chief Product Officer, IDORAA

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Under the founder speak initiative of The Office Pass (TOP) christened #TOPTALKS, we are pleased to share the story of Pankaj Kathuria, Co-Founder / Chief Product Officer, IDORAA. Pankaj & his team has been associated with TOP Coworking space for over a year. IDORAA is a complete employee lifecycle management platform. In this post, Pankaj shares his experience of building and scaling the company. 

  1. Tell us something about you (education & experience) and the business you started

I am an IT graduate and also pursued my post-graduation in Business Administration. I started my career as a UI/UX designer and then spent a considerable part of my career working with Times Group. During that time, I had the experience of working with multiple products across industries. So, I have a good understanding of product development, dealing with different stakeholders, product growth management etc.

During Covid, my co-founder and I found that there is an enormous opportunity in this sector and therefore conceptualised Idoraa, which is an employee life cycle management platform. With my background in designing and product management, this seemed a natural choice.

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We initially started a Visitor Management System (VMS) as everything needed to be digital and touchless. We later discovered that we could provide various other functions within our platform.

Idoraa Team

  1. How old is your company and how did you think of this concept? What problem are you trying to solve? 

We started Idoraa in June 2021. As mentioned, it started with VMS and on the basis of our experience we saw a bigger problem that several organizations are facing which can be easily solved. We figured that organizations, irrespective of their size, use multiple platforms to manage employee functions. For instance, there is a platform for attendance and payroll management, while travel management or asset management uses different platforms. Our product brings all these functions onto one platform.

While deep diving into organizational systems we were also able to create unique features in every module. For example, our attendance module, which some of clients are already using, has two attendance capturing features. One, wherein you can mark your attendance through mobile. Our system then marks not only the attendance but also records the GPS location of the user, the device ID and their selfie. This data is again verified with their registered photo.

Pankaj Kathuria CPO/CBO IDORAA

Secondly, we have our own cameras that can be installed at the entry and exit gates of the office premises. These cameras capture the attendance, even when walking in a group. Organizations can do away with swiping, punching or biometrics.

Our system is robust and since its an integrated platform, we work on both the hardware and software.

  1. What is your business model (how do you make money)? Would be great if you can share some actual data like revenue growth (QoQ or YoY), active user / customers, new initiatives etc

Idoraa is a SaaS platform and is run on the per user per month model. However, for some modules we have charge on per month basis and campus basis as well. For instance, VMS is campus based whereas payroll and attendance module is completely on per user model.

  1. Top 3 steps taken by you to attract and retain talent? Explain how you develop / nurture talent in the company?

We are a fast-growing company and our revenue is increasing q-o-q.   At present we have 30 employees and we plan to hire more people from both software and hardware backgrounds.

Our philosophy is that retaining starts from the hiring process. When we hire people, we try to understand the intention of the person and if they are open to learning new things. Knowledge is definitely required but its secondary from our perspective. If the person is interested to work, they will get the environment to learn new things. Since ours is an integrated platform a person who joins us will have the opportunity to work on both hardware and software. Anyone who has the passion to learn will not leave the company easily because of the new opportunities that are present.

Also, there are multiple reasons why people leave an organisation. Complicated processes might be one of the reasons that could create a bad image of the company. As our product is an employee life cycle platform, we have firstly integrated our platform within our organisation. We also emphasize on a good office environment.  Since we work in a shared space it has worked well for us as it provides opportunities to interact with people from other organisations which is exciting. This is also a factor which plays a major role in retaining people.

đź’ˇ Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
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  1. Tell us about your workspace (own office, coworking office, managed office or anything else like home office or hybrid working environment) and the reason for opting for them

We were working from home initially, but our physical office space started in The Office Pass. We were a self-funded start-up and therefore were looking for coworking spaces that gives us the value for our money.

  1. What do you like to do in your free time? 

In my free time I like driving.

  1. Tell us about your experience with The Office Pass (TOP)? 

The Office Pass (TOP) has exactly what we want which is bang for the buck.  We are very happy as the environment is conducive, the costs are affordable, the amenities are excellent and the team is very responsive. We have never faced any major issues. In the event of commonplace problems like internet connectivity, issues are resolved instantly.

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Flexible Workspaces: 8 Amazing Benefits for Flexible Workspaces

The Office Pass (TOP) To Launch 13th Coworking Space in Delhi NCR

Gurugram, 16th November 2022: Neighborhood Coworking operator The Office Pass (TOP), which currently runs 12 Coworking offices in Delhi NCR, plans to open a new office in Gurgaon by November end. The new office will be launched in Unitech Cyber Park, Sec 39, Gurgaon (near HUDA City Centre metro station). This will be TOP’s 11th office in Gurgaon and third one in Cyber Park complex. With this opening, TOP will reach a capacity of 1,200 seats in the Cyber Park complex.

  • The new office will be opened in Gurgaon
  • TOP will become the only Coworking operator to have 13 Coworking offices in Delhi NCR

This year has been extremely rewarding for the Coworking industry as there has not been any covid related disruptions. Companies and employees who were earlier working from home #WFH have started hybrid working leading to a surge in demand for flexible workspace providers like TOP. In addition to this, several companies are allowing their employees to work in an office close to their residence and that is creating a tailwind for Neighborhood small offices format.

“As companies move away from traditional leases and people prefer to work from an office close to their place of residence, we are experiencing good demand for our Neighborhood Coworking model. TOP’s revenue in FY’22 grew by 135% and our business turned EBDITA positive. TOP expects similar growth in FY’23.,” said Mr Aditya Verma, Founder & CEO, The Office Pass (TOP).

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The Office Pass (TOP) Coworking Office at Unitech Cyber Park, Gurgaon

The Office Pass (TOP) Coworking Office at Unitech Cyber Park, Gurgaon

TOP’s 12 existing offices (10 in Gurgaon and one each in Noida and South Delhi) are running at around 90% occupancy. This expansion will strengthen TOPs dominant position further and will make it the largest Coworking operator in Delhi NCR with 13 operational offices. The company hopes to achieve break-even in the new office within 3-4 months of the opening.

Commenting on the company’s expansion Brijesh Damodaran, Partner, Auxano Capital one of the early investors in The Office Pass (TOP) said, “TOP is the first player in the Neighbourhood Coworking space and today it’s a market leader in this space. Managing the working capital efficiently along with being diligent in identifying new office spaces has been its USP. Increasing its geographical reach outside of NCR is the next big step for TOP and 2022/23 should see this in action.”

The Indian flex space market has seen huge growth over the last few years. It is still very early days for Coworking players. It is pertinent to note that the current flex market penetration in total office stock stands at approximately 3.5%.  According to JLL’s office market report, India’s average penetration rate for the top seven cities could reach around the 4.0-4.5% mark over the next two years.

The Office Pass (TOP) Coworking Office Space at Unitech Cyber Park, Gurgaon

The Office Pass (TOP) Coworking Office at Unitech Cyber Park, Gurgaon

There are several demand drivers at play for the Coworking industry. Firstly, companies are opting for flexible workspaces over traditional leases. This trend has got amplified over the past 12-18 months. Secondly, Coworking operators like TOP are able to pass on an economic benefit to corporates that helps them to lower their office operational expenses by 18-22%. This is critical during time of an impending slowdown. Finally, there is less competitive intensity in the Coworking segment post covid. Many of these factors will continue to be in play over the next 12-18 months.

TOP typically takes office spaces of 10,000 to 30,000 SqFt. These spaces are then furnished to suit the requirements of Indian Small & Medium sized businesses (SMBs). TOP also takes care of office related services like housekeeping, admin, IS, high speed internet, electricity, tea / coffee, office supplies, equipment AMCs and statutory compliances like fire safety, insurance and taxes. SMBs takes these services on a cost per seat basis. The average monthly cost per seat is INR 8,500/- to 12,000/- per seat for a 12 months contract. TOP makes a margin of 35%-38% at 85% occupancy.

Coworking Office Space at Unitech Cyber Park

By shifting from a traditional office to Coworking, SMBs are able to save 18-22% in terms of office operations cost. This is the main reason for companies to shift towards Coworking.

The demand for flexible workspace was largely driven by freelancers and start-ups in 2015-2019. However, post COVID, organisations of all sizes have developed a fancy for this format. Going forward the demand will be largely driven by small to mid-sized companies, large companies and MNCs using Coworking for their distributed / hybrid office formats.

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About The Office Pass (TOP)

The Office Pass (TOP) is a technology driven Neighbourhood Coworking & Managed Office space provider. TOP is the only Coworking & Managed Spaces Company in India that promotes #Walk-to-Work. TOP’s vision is to have multiple Coworking offices spread across the city. TOP offices are located in CBD areas and around residential Neighbourhoods, so one can find the nearest office in less than 20 minutes. You can think of TOP as a convenient store for Coworking (like 7-ELEVEN).

TOP currently runs 12 offices across Gurgaon, Noida and Delhi. 135 mid to large size companies are using TOP Coworking and Managed office services. The company plans to open over 100 Neighbourhood offices over the next 3 years with presence in multiple cities across India.

To learn more, visit https://www.theofficepass.com/ and follow TOP on LinkedIN, Facebook and Startup Story.

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