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myHQ Eyes London, Dubai for Global Expansion
30 Mar
Summary
- myHQ plans international expansion to London and Dubai.
- International entry expected to generate ₹5-10 crore revenue in first year.
- Technology sector leads demand, accounting for 45% of requirements.
Flexible workspace marketplace myHQ, backed by Anarock and WeWork India, is set to expand into London and Dubai. Co-founder and CEO Utkarsh Kawatra stated that the current West Asian conflict presents an opportune moment for expansion. Dubai's appeal lies in its favorable taxation and role as a business hub, while London offers significant scale and higher pricing.
myHQ projects its international ventures to generate ₹5-10 crore in the first year, aiming for ₹100 crore revenue within five years. The company is broadening its scope beyond flexible workspaces to become a comprehensive commercial real estate marketplace, exploring traditional leasing and virtual offices.
Demand is primarily driven by the technology sector, representing 45% of platform needs, with BFSI and consulting firms also increasing adoption. Global Capability Centres are identified as a key growth area. Kawatra anticipates only a two-month disruption from geopolitical tensions, believing currency movements may boost Indian commercial real estate investment.
