Biography of Sarthak Chhabra: Founder & CEO of AltF Coworking -Entrepreneur
Biography of Sarthak Chhabra:
Vision for Affordable Office Spaces
Sarthak Chhabra, an engineer with a passion for analytics
and operations, co-founded AltF Coworking with a mission to provide small
businesses with professional, high-quality office spaces at affordable prices.
Alongside his partner Yogesh Arora, he envisioned a flexible workspace solution
that catered to entrepreneurs, freelancers, and startups who needed a
productive environment without the high costs of traditional office leases.
The Journey Begins
Sarthak pursued a Bachelor of Technology in Information
Technology from Netaji Subhas Institute of Technology (NSIT) and graduated in
2014. Post-college, he worked as a Business Analyst at EXL, gaining valuable
experience in data-driven decision-making. However, the desire to create
something impactful led him to entrepreneurship in 2016 when he co-founded AltF
Coworking.
Building AltF Coworking
The concept behind AltF Coworking was simple yet
powerful—creating a space where professionals could work with the same comfort
and facilities as a Fortune 500 company but at a fraction of the cost. The
company started small but quickly gained traction as businesses recognized the
value of flexible, managed office spaces.
Transforming an OYO Building
In an ambitious move, the co-founders converted an entire
OYO building into a coworking space. This bold decision set the foundation for
AltF’s expansion. They built a space that wasn’t just about desks and chairs
but fostered a vibrant community of entrepreneurs and professionals.
Expansion and Growth
Since its inception, AltF Coworking has grown to 12 thriving
centers across Delhi/NCR. The company has been profitable since year one,
demonstrating its strong business model and ability to meet market demand
effectively. AltF’s offices provide a professional and stylish atmosphere,
ideal for startups and small businesses looking for cost-effective workspace
solutions.
A Unique Approach to Workspaces
Unlike traditional coworking spaces, AltF focuses on private
offices and managed spaces that allow businesses to scale without long-term
commitments. This flexibility has been a game-changer for micro-businesses,
enabling them to work in fully equipped offices without investing heavily in
infrastructure.
Making Waves on Shark Tank India
AltF Coworking gained national recognition when it appeared
on Shark Tank India Season 4. The co-founders pitched their business, asking
for an investment of Rs 1 crore for a 0.75% equity stake, valuing the company
at Rs 133.33 crore. Their presentation highlighted their growth and the immense
potential of their business model.
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A Familiar Face Among the Sharks
During the pitch, a standout moment occurred when Peyush
Bansal, the founder of Lenskart, warmly welcomed them. Having previously used
AltF’s offices for Lenskart, he had firsthand experience with their offerings.
This personal connection added credibility to their business and made their
pitch even more compelling.
A Lighthearted Yet Impactful Pitch
Adding humor to their pitch, Sarthak and Yogesh shared the
story of how they met at NSIT in 2010 and later took the bold step of
transforming an OYO building into a coworking hub. Their engaging narrative
resonated with the Sharks and the audience alike, making their pitch memorable.
Turning Down an Investment Offer
Despite impressing the Sharks, the founders turned down an
investment offer from Peyush Bansal. They believed in their business's
self-sustaining model and chose to continue growing independently. However, the
experience provided them with valuable insights and mentorship from industry
leaders.
A Customer-Centric Approach
One of the key factors behind AltF’s success is its focus on
customer satisfaction. The company ensures that its spaces are not just
aesthetically appealing but also provide all the necessary amenities to support
productivity and collaboration.
Flexibility as a Strength
AltF’s business model revolves around adaptability. With
private offices, meeting rooms, and managed workspaces, they provide solutions
tailored to different business needs. This flexibility makes them a preferred
choice for startups and micro-businesses that require scalable office
solutions.
Profitable and Sustainable Growth
Unlike many startups that struggle to achieve profitability,
AltF has been financially stable since its early days. Their strategic approach
to expansion and cost management has allowed them to sustain growth while
maintaining profitability.
A Space for Innovation and Collaboration
Beyond just office spaces, AltF fosters an environment of
innovation and networking. Entrepreneurs working from AltF locations benefit
from a collaborative ecosystem where they can share ideas, seek mentorship, and
grow their businesses together.
Looking Toward the Future
With a strong foundation and a clear vision, AltF Coworking
is poised for further growth. The company aims to expand its presence and
continue offering high-quality, flexible office solutions to businesses across
India. With Sarthak Chhabra and Yogesh Arora at the helm, AltF Coworking is set
to redefine the future of workspaces.
Timeline for story
2014 – Sarthak Chhabra graduates from NSIT with a B.Tech in
IT.
2014-2016 – Works as a Business Analyst at EXL.
2016 – Co-founds AltF Coworking with Yogesh Arora.
2017 – Converts an OYO building into a coworking space.
2018 – Expands to multiple locations in Delhi/NCR.
2019 – AltF becomes profitable within its first year.
2023 – Appears on Shark Tank India Season 4.
2023 – Turns down an investment offer from Peyush Bansal.
2024 – Operates 12 thriving centers across Delhi/NCR.
Future – Plans further expansion and innovation in coworking
spaces.
