Co-working firms seek new opportunities to mitigate risk, remain afloat

As the pandemic-induced problems for businesses threaten to persist at least in the medium term and even as experts predict doom for the shared economy, the co-working industry in India is looking at new ways to mitigate risk, reduce cost and cooperate to stay afloat. Jolted by this disruption in the very first phase of its growth, the industry is also looking at newer opportunities that the crisis might create.

Just before the lockdown was announced in March, this section had discussed the threats for the model that relies heavily on relatively smaller enterprises taking up spaces to save fixed