For Mumbai-based social-gaming app Bakbuck, India’s nationwide lockdown landed like a suckerpunch. Since it was implemented on 25 March, the company’s advertising revenue has plummeted 75%. It could no longer afford the Rs 75,000 ($990) monthly rent it paid co-working company 91springboard. After around two years of working out of the co-working space, Bakbuck’s team—down to six from nine—decided to move out. They currently work from home, and will likely do so for the foreseeable future.
But even as Bakbuck and other small businesses like it gather their belongings and trudge out of shared working spaces, co-working companies aren’t particularly worried.