COMPANY INTELLIGENCE PROFILE
Coconut Spaces Private Limited
Goa-based private company operating the NomadGao coliving-and-coworking community brand for digital nomads.
Coconut Spaces Private Limited operates as NomadGao, offering coliving and coworking spaces for digital nomads and remote workers, with its main presence in Goa and outposts in other Indian destinations. Founded by Mayur Sontakke in 2019, the company reported FY2024 revenue of approximately ₹1.33 crore with 38% year-on-year growth. The company raised a total of approximately US$146K in funding, with no registered asset charges or credit ratings found.
AI-generated, may contain errors.
Business Overview
- Coconut Spaces Private Limited operates under the consumer brand "NomadGao", a remote coliving and coworking community for digital nomads and remote workers in India, flagship presence in Anjuna/Assagao, Goa, with community outposts in other Indian destinations.
- Offering spans private rooms, villas, studio and budget rooms bundled with coworking facilities, high-speed internet, power backup, all-day access, plus curated community experiences.
- Founded by Mayur Sontakke, brand traces its start to 2019.
- Typical guest spend reportedly upwards of ₹50,000/month
- The company markets an "Anywhere Pass" product. Sources: nomadgao.com, Tracxn, Rest of World reporting.
Sector & Classification
NIC 55101 — Short-term / hotel & hospitality accommodation services ("Hotels & Restaurants"). Operationally a coliving + coworking community operator.
Directors & Key Management
Directors — source notes
1) Mayur Satish Sontakke — DIN 08831879 (Director; ~6 yr tenure). 2) Satish Gurunath Sontakke — DIN 08831880 (Director; ~6 yr tenure). Source: Tofler (DINs); names corroborated by TheCompanyCheck. Company contact email on record: mayur.sontakke@gmail.com.
GST Registrations
Primary GSTIN: 30AAICC8840M1ZG (Goa, state code 30). Home state: Goa. PAN: AAICC8840M. GST registered: 05 October 2021. Status: Active. Number of registrations: 1 (single Goa registration found). Sources: Masters India, KnowYourGST/company GST listings (2 sources agree; PAN embedded in GSTIN matches Tofler PAN).
Financials
Coconut Spaces Private Limited reported a revenue of approximately ₹1.33 crore for FY2024, marking a 38% year-on-year growth. Previously, in FY2022, the revenue was under ₹1 crore with a significant 130.89% YoY increase, an operating margin of 17.47%, and a net profit margin of 22.27%. The company's debt-to-equity ratio was 2.01.
AI-generated, may contain errors.
- Standalone, no subsidiaries known.
- Latest available: FY2024, year ended 31 Mar 2024, total revenue ≈ ₹1.33 Cr, ~38% YoY growth, source: TheCompanyCheck.
- Earlier FY, Mar 2022 basis, Tofler: revenue under ₹1 Cr with +130.89% YoY growth, operating margin 17.47%, net profit margin 22.27%, debt-to-equity 2.01.
- EBITDA, PAT, net worth and borrowings in absolute terms are behind paywalls -> not obtained (partial).
- Latest financial statements reportedly filed for year ended 31 Mar 2025.
Funding History
- Angel/accelerator-stage. Total raised ≈ US$146K across ~6 rounds
- Lead/investor: build3, impact accelerator. Latest disclosed: Angel round on 15 June 2023 for ≈ US$62.3K (1 investor). Post-money valuation cited at ≈ ₹13.2 Cr. Sources: Tracxn, round names/values, Crunchbase/PitchBook profiles. Note: private-market estimates
- Not from MCA filings.
Loans & Charges
- No registered charges on assets found, sources: Tofler, TheCompanyCheck, — the company reports no open secured borrowings/charges.
Legal & Compliance
- No litigation found. Indian Kanoon search for "Coconut Spaces" returned no matching cases.
Competitive Landscape
- Indian coliving / coworking / nomad-hospitality peers: Zostel (Zo World) — large
- The Hosteller — mid (BSE SME-listed)
- GoStops — mid
- Moustache Escapes — mid
- BeUnsettled / Selina — global (larger). NomadGao itself is early/small-scale by comparison.
Frequently Asked Questions
What does Coconut Spaces Private Limited do?
Coconut Spaces Private Limited operates the NomadGao coliving and coworking community brand, catering to digital nomads and remote workers. The company offers accommodation options such as private rooms, villas, and studio rooms, along with coworking facilities that include high-speed internet and power backup. They focus on creating curated community experiences for guests.
What is the CIN of Coconut Spaces Private Limited?
The CIN of Coconut Spaces Private Limited is U55101GA2020PTC014458.
What is the GSTIN of Coconut Spaces Private Limited?
The primary GSTIN of Coconut Spaces Private Limited is 30AAICC8840M1ZG, registered in Goa. The company was registered for GST on 05 October 2021, and its status is active.
When was Coconut Spaces Private Limited incorporated?
Coconut Spaces Private Limited was incorporated on 2020, as indicated by its CIN.
What is the registered office address of Coconut Spaces Private Limited?
The registered office address of Coconut Spaces Private Limited is H. No. 1160-3, Mazal Waddo, Anjuna, Mapusa B, Anjuna, Bardez, North Goa, Goa - 403509.
Sources
TheCompanyCheck (registered name, address, capital, FY2024 revenue), Tofler (PAN, DINs, capital, ratios, charges, email), Masters India + GST listings (GSTIN 30AAICC8840M1ZG), nomadgao.com (business, domain, logo), Tracxn/Crunchbase/PitchBook (funding, valuation), Indian Kanoon (no cases), Rest of World (market context).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.