Rishi Das, Co-founder & CEO at IndiQube
4.8/5 Rating
Technology, Production
$1M+/mo

Rishi DasCo-founder & CEO

In this interview, Rishi Das discusses his entrepreneurial journey from building CareerNet to co-founding IndiQube, a flexible workspace company focused on India's evolving business landscape. He shares insights on identifying market gaps, scaling through frugal innovation, creating employee-centric workplaces, and expanding into emerging cities. The conversation highlights sustainable growth, long-term thinking, operational discipline, and the opportunities created by the rise of GCCs and hybrid work models.

Rishi Das

Rishi Das

Co-founder & CEO

IndiQube

Founder Stats

  • Technology, Production
  • Started 2015 or
  • $1M+/mo
  • 50+ team
  • India

About Rishi Das

Rishi Das is the co-founder of IndiQube and a serial entrepreneur known for building impactful businesses in talent solutions and workplace infrastructure. After helping establish CareerNet as a leading recruitment and talent services company, he co-founded IndiQube to create flexible, experience-driven workspaces tailored to India’s evolving workforce. His leadership emphasizes employee-centric design, frugal innovation, sustainable growth, and expanding opportunities beyond traditional business hubs into tier-2 and tier-3 cities.

Interview

October 3, 2025

Q

What pushed you to leave a safe job and become an entrepreneur?

Question 1 of 17
Rishi Das

It was a mix of instinct, ambition, and restlessness. On day one at my first job I felt I was back to kindergarten. I didn’t belong. Within six months I quit and started looking for gaps to solve with very little capital.

0
Q

How did your family view entrepreneurship at that time?

Question 2 of 17
Rishi Das

Entrepreneurship was a taboo. It took almost three years to explain to my parents what we were doing. Being early helped. My advice: take the plunge as early as possible.

0
Q

With no capital, how did you choose your first business?

Question 3 of 17
Rishi Das

Two filters: pick a business that needs very little capital, and lean on our strengths, academics, a short IT stint, and strong college networks. That led us to start CareerNet.

0
Q

What does growth mean to you as a founder?

Question 4 of 17
Rishi Das

Not just cities on a map or square footage. Real growth is impact, seeing a 5-seat company become a full floor or a GCC open in a tier-2 city. Growth is not a straight line; it is unlearn, relearn, and adapt. Do more with less.

0
Q

Which lessons from CareerNet shaped IndiQube?

Question 5 of 17
Rishi Das

Think ecosystem, not single transactions. Recruitment is a supply chain, end-to-end. That mindset moved with us, IndiQube is not about renting seats; it’s a full ecosystem of B2B and B2C services. And the employee is the hero.

0
Q

Why is India’s office demand different from the US?

Question 6 of 17
Rishi Das

India’s biggest consumers are IT, GCCs, and startups. Many employees are migrants without proper work-from-home setups, so return-to-office was sharper. Offices often provide the best meal of the day. Plus metros and highways are expanding, India is still getting built.

0
Q

With a push to manufacturing, are you still bullish on offices?

Question 7 of 17
Rishi Das

Yes. Services and software will keep growing. Manufacturing R&D is big. GCCs are setting up large design centers. We also see demand in industrial towns that lack office infrastructure.

0
Q

Can India be a model for workspaces globally?

Question 8 of 17
Rishi Das

I believe so. With sustainability and cost pressures, our model may not be perfect but it is likely the best for the next billions. What worked in the West is not the only template.

0
Q

In a hybrid world, what business are you really in?

Question 9 of 17
Rishi Das

We are not in the business of workspaces; we are in the business of experiences. Hybrid is still evolving by role and industry. We have to woo employees back, transport, food, culture. Presence is not the goal; impact is.

0
Q

How should office design change now?

Question 10 of 17
Rishi Das

More collaboration space, fewer dedicated seats. Flexible layouts, cafeterias doubling as meeting rooms, foldable and height-adjustable furniture, and quick interior flips. Data is in the cloud; spaces must be fluid.

0
Q

Why focus on tier-2 cities?

Question 11 of 17
Rishi Das

Earlier, people went where work was. Now, work goes where people are. Post-COVID, mid-level managers are willing to move. Connectivity is strong. India has 50+ million-plus cities. Jobs are getting democratized.

0
Q

Why prioritize renovation over greenfield projects?

Question 12 of 17
Rishi Das

Almost 50% of commercial stock is 10+ years old. Upgrading is faster, greener, and capital-efficient. As metros and roads revive city centers, older stock can be transformed into modern, sustainable spaces.

0
Q

How does your MyQube layer change operations and culture?

Question 13 of 17
Rishi Das

It connects employees to space, book seats, parking, meeting rooms, order food, use perks. It supports personalized journeys and gives leaders dashboards on occupancy and power use. We offer on-demand toppings, not a five-star buffet.

0
Q

What does employee centricity look like today?

Question 14 of 17
Rishi Das

It’s at the highest level I’ve seen. In some MNCs, at 10 a.m. the country head checks how many are in office. HR is mainline now. Breakout areas look like five-star lobbies because culture and community matter.

0
Q

How do frugality and sustainability guide your model?

Question 15 of 17
Rishi Das

India has always done more with less. On-demand beats all-you-can-eat. Before free beer, give affordable food and transport. We invest in rooftop solar, water conservation, and efficient operations, high quality at cost-effective price points.

0
Q

What is your core advice to young founders?

Question 16 of 17
Rishi Das

Look for gaps. Do more with less. Solve population-scale problems with brick-by-brick execution. Believe in compounding. Don’t chase growth at any cost. VC is expensive, use it responsibly. Solve for India, not copy-paste the West.

0
Q

Which personal disciplines matter most in the founder journey?

Question 17 of 17
Rishi Das

Be perseverant like a crow, focused like a crane, sleep light like a dog, consume less, live with penance. Stay level-headed, avoid the limelight, and keep doing the basics right even when growth feels slow.

0

Video Interviews with Rishi Das

Forbes India | India’s Co-Working Revolution | Interview with Rishi Das, Founder, IndiQube

Forbes India | India’s Co-Working Revolution | Interview with Rishi Das, Founder, IndiQube

Forbes India | India’s Co-Working Revolution | Interview with Rishi Das, Founder, IndiQube

Leaders of Tomorrow | Season 10 | Rishi Das

Leaders of Tomorrow | Season 10 | Rishi Das

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