AltF specializes in creating superior coworking spaces tailored for micro businesses and proprietorships with fewer than 30 employees. By focusing on these smaller enterprises, AltF offers a unique business model that involves acquiring properties on a profit-sharing basis with landlords, eliminating the need for capital investment and rental liabilities for the company. This approach provides stability through high building occupancy rates and reduced market volatility. AltF currently operates in 11 locations across Delhi, Gurgaon, and Noida, with a total of 5,600 operational seats and plans to expand to 11,100 seats.
Membership pricing ranges from ₹5,000 to ₹12,000 per seat per month, depending on the location. The company positions itself as a cost-effective solution with superior customer experience and tech-enabled services, offering a competitive advantage over organized and unorganized coworking players. Their strategy includes achieving stable occupancy by focusing on micro businesses, and providing landlords with consistent rent from multiple small clients instead of relying on one large tenant.
Startup Description
Founded by Sarthak Chhabra and Yogesh Arora, AltF Spaces is headquartered in Delhi NCR, India, and focuses on providing coworking spaces tailored to micro businesses and proprietorships with fewer than 30 employees. Utilizing a profit-sharing model where landlords invest the capital, AltF ensures zero capital investment and rental liability for itself, resulting in higher yields and stable occupancy for landlords while reducing market volatility impacts. Currently, AltF operates in five locations across Delhi, Gurgaon, and Noida, offering 5,600 operational seats and 11,100 signed seats with membership prices ranging from ₹5,000-12,000 per seat per month, achieving an annual recurring revenue (ARR) of ₹45 crore and profitable.
The company's strategy addresses the gap left by unorganised and organised players, focusing on superior, affordable products with over 90% building occupancy and less than 3% rental dependency on any single client. With plans to expand and increase ARR to ₹320 crore by FY28, AltF's customer-centric design, tech enablement, and best product-to-price ratio ensure a win-win for landlords, channel partners, and micro businesses, cementing its role as a key player in the rapidly growing coworking industry in India.
Product Screenshots
Business Model
Demand (Customer Side): Monthly Subscription model on per seat basis with lock-in period specifically made for Micro Businesses with less than 30 Employees.
Supply (Landlord Side): Profit Sharing Model where Capital Investment in property is done by the landlord and AltF Coworking Operates the center on Profit Sharing Basis making it an Asset and Liability light model.
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2B
Competitors
Awfis, 91 Spring Board, Innov8, Spring House, The Office Pass, Landlords operating out of their owned property.
Teams
Sarthak Chhabra
Cofounder and CEO
Yogesh Arora
Cofounder & Marketing, Product, Design and Leasing & Expansion
Are all the founders full-time on this
project?
Yes
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