myHQ

New Delhi, India

myhq.in

2023 Revenue

$360K

Customers

Avg ACV

$360

Team

Founded

2016

myHQ Revenue (2023)

myHQ generated $360K in revenue in 2023.

myHQ is an India-based marketplace connecting remote and hybrid workers with flexible workspaces, including coworking spaces, converted restaurants, and branded operators such as WeWork. Founded in 2016 by Utkarsh Kawatra, the company operates as a booking platform where individuals and corporate clients can reserve daily, weekly, or monthly workspace across major Indian cities.

The business was acquired by Anarock, a large Indian real estate services firm, in 2022 in a deal that press reports valued at approximately 125 crore INR (roughly $15 million) for a 75 percent stake, though Kawatra declined to confirm the precise terms on the record. Prior to the acquisition, myHQ had raised $1.5 million in total capital. The company now operates as part of Anarock, which Kawatra says has opened corporate sales doors that accelerated growth.

As of June 2023, myHQ processed 25,000 total bookings in the month, including 20,000 daily-seat bookings and 5,000 higher-ticket bookings. Monthly revenue stood at approximately $30,000, up from roughly $10,000 a month one year earlier. The platform lists approximately 2,000 supply-side location providers and serves around 1,000 active corporate customers. The team numbered 70 people at the time of the interview.

Last updated Sep 30, 2026

myHQ Revenue

myHQ generated approximately $30,000 per month in revenue as of June 2023, up from roughly $10,000 per month one year earlier, representing approximately 200 percent year-over-year growth. Kawatra confirmed the figure to the interviewer, noting that including monthly pass bookings would roughly double the GMV base used in the calculation.

Year	Milestone	Source
2023	myHQ Hit $360k revenue in July 2023	Not recorded
2022	myHQ Hit $120k revenue in June 2022	Not recorded
2016	Launched with $0 revenue

The revenue model is transaction-based. In June 2023, the platform processed 20,000 daily-seat bookings at an average ticket size of approximately $5, producing an estimated $100,000 in gross merchandise value from daily bookings alone. At a take rate of 25 to 30 percent, that daily-booking GMV implies roughly $20,000 to $30,000 in net revenue. An additional 1,000 monthly-pass bookings at approximately $120 each contributed further to total revenue, which the host summarized at approximately $30,000 per month and Kawatra affirmed.

Annualized, the June 2023 run rate implies roughly $360,000 in annual revenue.

Founder / CEO

Utkarsh Kawatra

CEO

Utkarsh Kawatra is the CEO of myHQ, confirmed by the company roster. He is an IIT Delhi graduate who founded myHQ in 2016. At the time of the July 2023 interview, Kawatra was 32 years old.

Kawatra described the company's early days as a classic marketplace cold-start problem, beginning with 10 to 15 supply-side locations sourced through personal networks, including small standalone coworking operators and restaurants converted to daytime workspaces. WeWork did not come onto the platform until approximately three to four years after launch. The company went to effectively zero revenue during the COVID-19 pandemic before rebuilding under the Anarock umbrella.

Net worth was not discussed in the interview. A rough estimate could be constructed from a stated ownership stake and the reported deal price, but Kawatra did not disclose his personal equity percentage, so no such estimate is possible without fabrication.

Q&A

Question	Answer
What's your age?	35

Customers

myHQ served approximately 1,000 active corporate customers as of June 2023, defined as companies that made at least one booking in the prior 30 days. On average, those 1,000 companies collectively generated 20,000 daily-seat bookings in June, implying roughly 20 bookings per company per month.

Pricing for individual daily bookings averaged approximately $5 per booking. Monthly-pass bookings, of which there were approximately 1,000 in June 2023, averaged approximately $120 per pass. The platform also offers hourly meeting-room bookings, though no separate pricing figure for that tier was stated. The service is available to both individual remote workers and corporate clients, with the latter accessing a SaaS administrative tool to manage employee workspace usage across locations.

myHQ serves 1K customers.

myHQ Business Model

myHQ earns revenue by taking a 25 to 30 percent commission on each booking transacted through its platform. Kawatra described the model as analogous to Airbnb: the platform connects workspace supply with worker demand and captures a percentage of the gross booking value.

In June 2023, the platform processed 25,000 total bookings: 20,000 daily-seat bookings at an average order value of approximately $5, and 5,000 higher-ticket bookings that included approximately 1,000 monthly passes at an average contract value of approximately $120. The estimated GMV from daily bookings alone was approximately $100,000 for the month. Applying the stated 25 to 30 percent take rate to that daily-booking GMV yields approximately $20,000 to $30,000 in net revenue, consistent with the $30,000 monthly revenue figure Kawatra affirmed.

The platform lists approximately 2,000 supply-side location providers. Kawatra said the primary health metric the company tracks is booking volume, measured week over week and month over month, rather than the number of companies onboarded. Profitability was not discussed in the interview. Gross margin, churn, LTV, CAC, and burn rate were not disclosed.

Point-in-time figures shared on the GetLatka podcast, each linked to the exact moment it was said on camera.

Customers (2023)

1000

“Utkarsh Kawatra: We help about 150 companies. Would be currently, we'll have about about thousand companies who are using us right now.”

Watch

myHQ Employees & Team Size

myHQ employed approximately 70 people as of July 2023, confirmed by Kawatra during the interview. No further breakdown of team composition by function or geography was provided.

myHQ employs approximately 70 people as of 2026. It serves 1K customers that rely on its solutions.

Year	Milestone	Source
2023	Reached 70 employees (July 2023)	Not recorded

Frequently Asked Questions about myHQ

Is myHQ still an independent company?

No. myHQ was acquired.

What is myHQ's revenue?

As of 2023, myHQ generated $360K in revenue.

Who founded myHQ?

myHQ was founded by Utkarsh Kawatra.

When was myHQ founded?

myHQ was founded in 2016.

How many employees does myHQ have?

As of 2023, myHQ had 70 employees.

Where is myHQ headquartered?

myHQ is headquartered in New Delhi, India.

Full Interview Transcripts

The King of India Workspaces: How he Logged 20k Bookings Last Month and Took Home $30,000Jul 27, 2023

Read the full interview and its transcript.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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