Health tech startup Saveo, sets up a flexible office in Bangalore

Challenge

With the ease in restrictions and many office goers getting back to work, an upcoming health tech startup, Savio, was keen on setting up their first tech office in Bengaluru. The company wanted an office close to a metro station and within the vicinity of social infrastructure so employees could travel with ease.

Taking into consideration that this was a growing business, the company was looking to set up their tech office in a building operated by flex operators to cater to their dynamic future requirements. In addition, they also required the office to be near a metro station and restaurants to make it easy on the employees.

Approach

JLL engaged with the company’s founders to get a detailed understanding of the expectations from their new tech office. As the client was initially considering two different markets, we provided them with a detailed portfolio and demographic analysis, along with visits to both markets.

Scalability was a primary feature the company was focused on. Keeping this in mind, we showcased bigger spaces that could seamlessly adapt to their desire to expand. What started as a requirement for 50 seats in a flexible model, turned out to 224 seats with plans to expand and hire new talent.

During the initial three months, their office was occupied by the older tenant. To make the shift easier, we offered the company a temporary space and later facilitated their smooth movement into the office they had chosen. Additionally, we also offered our services to the older tenant, making their transition process equally smooth.

Results

• JLL broke apart the idea that we only cater to bigger clients
• The new office was about 500m from the metro station, resulting in easier access for employees
• By helping the older tenants move, we received additional business from the same office space
• We scored a deal that cost much lesser than current market rates