In 2019, Scroll.in ’s Hard Times series sought to explain and illustrate how India’s slowest economic growth in a decade was affecting ...
In 2019, Scroll.in’s Hard Times series sought to explain and illustrate how India’s slowest economic growth in a decade was affecting ordinary people. This followed reporting by Scroll.in in 2016 and 2017 on the effects that demonetisation had on the lives of Indians around the country.
As the world continues to grapple with the Covid-19 crisis, Hard Times now takes a look at the impact of India’s draconian lockdown on individuals and firms from all corners of the economy. Read all of the pieces in the Lockdown Hard Times series here.
In September 2016, when 31-year-old Mukul Pasricha ventured into opening a coworking space, he started off with a pilot project that could accommodate just 120 people in a space in Gurgaon, Haryana.
By the end of 2019, the venture named Spring House Coworking had expanded across 14 locations spread out in Delhi, Gurgaon, Noida and Lucknow in Uttar Pradesh with around 3,500 seats in total that included private cabins, conference rooms, single seats and event spaces.
At the time, the company had a total of 52 employees including accountants and office assistants. And among the 14 locations, the biggest coworking space was in DLF Grand Mall, Gurgaon, which had around 650 seats. The company was entirely bootstrapped – meaning it used its own funds to grow...
