The King of India Workspaces: How he Logged 20k Bookings Last Month and Took Home $30,000
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 683 Ratings
🗓️ 8 September 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
This marketplace processed over 20k bookings in India last month helping workers find quick co-working space. They take 20-30% of bookings generating $30k in MRR. Now that they've been acquired, the question is, can they grow the value of the parent companies stock to make the exit a big win for everyone?
Transcript
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| 0:38.3 | Guys, my hq.hq.N launched in 2016. Today, they do about 30,000 a month in revenue up from 10,000 a month just a year ago. |
| 0:47.1 | And they do this by connecting remote workers in India with work spaces that are available through partners like WeWork and other restaurants. |
| 0:55.3 | They've converted to co-working spaces. |
| 0:56.7 | They processed over 25,000 total bookings in June, of which 20,000 of those bookings were for |
| 1:02.8 | a daily seat at one of these spaces, the restaurant, the WeWork, etc. |
| 1:06.5 | They're growing nicely. |
| 1:07.6 | They were acquired by a larger company and Anarok, last year after going to |
| 1:11.2 | basically zero during COVID. They'd raised $1.5 million in capital to date. Again, now growing |
| 1:15.4 | inside of Anarok. We'll see what happens next. Hey, folks. My guest today is Utkarskawtra. He is an |
| 1:21.2 | IIT Delhi graduate. Started his company, My HQ in 2016, with a mission to empower today's |
| 1:26.8 | workforce with |
| 1:27.5 | freedom and flexibility to work in any way from anywhere. Utkosh, you ready to take it to the top? |
| 1:32.8 | Yes, absolutely. All right. Give me an example to help people understand what you do. Tell me a customer |
| 1:37.5 | story. How do they use you today? Got it. So it's essentially a marketplace for workspaces. |
| 1:41.9 | What a person does is a lot of people |
| 1:44.7 | moved hybrid post-COVID and they're working from home. They get tired, working from home. |
| 1:50.0 | They need to work out of a co-working space close by. They just download the My HQ app. |
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