myHQ converts roughly 1,000 users to $120 monthly workspace bookings
Utkarsh Kawatra · The King of India Workspaces: How he Logged 20k Bookings Last Month and Took Home $30,000 · Sep 8, 2023 · at 5:56
Utkarsh Kawatra, founder of on-demand workspace marketplace myHQ, explains the unit economics of longer-term workspace passes versus daily bookings.
0:00 / 0:10exact quote · 10.5s
720p mp4 · rendered on demand · StarZero watermark
“So from that 20,000, there'll be about a thousand who also take up per month bookings, which will be roughly translating to about a 120 dollars a month.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Utkarsh Kawatra
Press reports of MyHQ's $15M acquisition price were inaccurate
“The number on the press was a bit wrong, I would say.”
WeWork partners with MyHQ to offer workspace bookings in India
“WeWork is one of our partners, so WeWork would be, let's, we are a marketplace, WeWork is one of the space providers, so you can just download the MyHQ, just download and you can book any of the WeWorks in India as an example, it's as simple as that.”
myHQ tripled its monthly revenue between June 2022 and June 2023
“So one year ago, we were roughly at one third of this.”