NEWS & INSIGHTS
WeWork India makes its first investment in Bengaluru-based Zoapi
WeWork Staff
October 14, 2022
Flexible workspace provider WeWork India on Thursday made its first investment in the country, in Bengaluru-based conferencing and collaboration platform Zoapi for an undisclosed sum.
TL;DR
- WeWork India made its first strategic investment in Bengaluru-based startup Zoapi, a company specializing in smart meeting room technology that simplifies conference room experiences through integrated hardware and software solutions.
- Zoapi's technology enables one-touch meeting room activation by connecting devices like projectors, screens, and video conferencing tools into a unified, easy-to-use platform, reducing setup time and technical friction for users.
- The investment aligns with WeWork India's broader strategy to enhance the workspace experience by integrating cutting-edge technology into its flexible office spaces, reflecting the growing demand for seamless, tech-enabled meeting environments.
- WeWork India's backing of Zoapi signals the company's intent to move beyond being solely a coworking space provider and position itself as an innovation-driven workspace ecosystem that actively supports and integrates proptech startups.
- Zoapi's solution addresses a common enterprise pain point — the complexity of managing multiple meeting room devices — making it particularly relevant as hybrid work models increase the need for frictionless in-office collaboration technology.
Bangalore, 13 October 2022: WeWork India, the leading flexible workspace provider, has made its first investment in the Bengaluru-based conferencing and collaboration platform Zoapi. The company has made an investment in this enterprise SaaS solution provider that combines the four basic needs of a meeting room - wireless screen sharing, video conferencing, online calendar, and room scheduler.
Corporates have organically transitioned to a hybrid work model and there has been a growing demand for a sense of community and the benefits of collaboration in a workspace. WeWork India intends to be a one-stop solution for large and small enterprises, freelancers, start-ups etc, to enhance the hybrid work experience.
As organisations reevaluate their real estate requirements, adoption of advanced tech capabilities helps optimise cost. Built as an open platform, Zoapi supports numerous video conferencing facilities and collaboration applications such as Zoom, MS Teams, Skype, Google Meet, Webex, Polycom etc., making meetings immersive and engaging. Its hardware agnostic build and cost effective value offering truly makes it a superior SaaS service. Its interactive calendar features include easy integrations and seamless conferencing experience.
“Businesses are increasingly looking for a blend of physical and virtual work experience, and innovative technologies such as Zoapi have become central to this. From an adoption perspective, it is affordable and compatible with numerous video conferencing platforms and devices. With its unique capabilities, this homegrown product has the potential to grow into a global player, implemented across all industries. By combining our technologies, we wish to take Zoapi to a larger audience, and facilitate seamless communication for businesses of all sizes,” said Karan Virwani, CEO, WeWork India.
“We are excited to partner with WeWork India, as it’s an excellent opportunity to implement our product at scale. Over the years, our strategic partnership with WeWork India has generated insightful data about user consumption patterns and needs. We believe that we can globally power conferences and meeting rooms, with our SaaS solution, enabling stakeholders to have effective meetings.” added Prashanth N.S, Cofounder & CEO, Zoapi Innovations.
Cofounded by Prashanth NS and Chaitanya Vasantarao in Bengaluru, in August 2019, Zoapi is a member of the Intel IoT Solution alliance. Through this acquisition, WeWork India continues to reinforce its commitment to offering innovative and immersive solutions across different spheres by scaling up platforms like Zoapi.
About WeWork India
WeWork is India’s largest office space provider, aimed at creating flexible workspace solutions for companies of all sizes. Since entering the Indian market in 2017, WeWork India has been spearheading the concept of flexible workspaces and driving the future of work with over 6+ million sq ft of assets signed across 40 locations in NCR, Mumbai, Bengaluru, Pune and Hyderabad.
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