Food Panda

Foodpanda to Sign Largest Flexible Office Transaction with GoWrks

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Foodpanda the world’s most convenient online food ordering site is going to sign the largest flexible office transaction in the country. The company is planning to take two lakh sq. ft. of co-working space on lease in Delhi. Foodpanda decided to opt for flexible space as it minimizes realty costs and technology as the personalized workspace offers better growth opportunities.

Sudeep Singh chief evangelist and CEO of GoWork was quoted saying, that in the first phase Foodpanda took 2,000 seats in GoWork’s 108 Udyog Vihar, Gurugram and this deal was finalized under the ‘built to suit’ enterprise format which also has an expansion option up to 4,000 seats.

This space will be used by Foodpanda to offer seating arrangement for its call centre, rider care and chat divisions as the company is looking forward to increase its market share in the food delivery segment. The company recently claimed to reach three lakh delivery marks in September and said that discounts and incentives schemes offered by them are the reasons behind this success.

Sudeep Singh said that their brand value proposition will get boosted as they have Foodpanda onboard who is also one of the most recognized and trusted brands in the food-tech startup eco-system.

Today many startups have switched to co-working spaces because of lower costs and flexibility. The industry estimates that about a million sft was occupied by co-working operators across major markets in the country and CBRE which is the world’s largest commercial real estate services and investment firm estimates the increase in office rental the total space leased by coworking operators in tier-1 and tier-2 cities can also reach up to 6-10 million sq. ft. by 2020.