Hospitality unicorn OYO has been creating a buzz in startup landscape with its geographical as well as vertical expansion. The hospitality giant has been stretching its ambitions after its $1 billion funding round last year. After announcing its entry into a few international markets, a $200 million partnership with Airbnb and experiments with OYO Food, the company has now launched Powerstation, a coworking space brand.
Powerstation by OYO is a fully managed workspace for medium and large businesses, startups, and freelancers. The company has opened its first centre with a 500-seater space in Pioneer Square, Sector 62, Gurugram and aims to expand to Bengaluru, Mumbai and Hyderabad in 2019 itself.
However, OYO hasn’t yet disclosed the charges per seat for its service, but it claims, “our rates, are well-suited to the amenities we provide.” According to Powerstation LinkedIn page, Akiva Superfoods, Moms Co and RentoMojo have taken up workspaces at its facility. In the coworking category, OYO will be competing with nearly 200 coworking spaces of India which include New York-based WeWork, 91springboard, Sequoia-backed Awfis among others.