
Smaller venues like Depot48 prioritise originality, community, and sustained creative ecosystems over scale alone.As India’s live event economy recalibrates amid rapid expansion, a shift is underway. In FY2025, the organized segment of the live events industry was valued at Rs 20,861 crore, with a 15% year-on-year growth in India, as per the whitepaper ‘India's Live Events Economy: A Strategic Growth Imperative’ by the Ministry of Information and Broadcasting. While stadium concerts and large-format performance spaces continue to dominate headlines, the real engine of artistic innovation is increasingly found in smaller, culture-first venues. These are spaces that prioritise originality, community, and sustained creative ecosystems over scale alone.
Large venues operate under unavoidable commercial pressures. Filling expansive rooms requires predictable programming, familiar names, and formats that minimise risk. Smaller venues, by contrast, are able to function as incubators, testing new sounds, nurturing emerging talent, and allowing artists to experiment without the weight of mass appeal.
“Talent in India is mind-boggling,” says Girjashanker Vohra, co-founder of Delhi-based live music venue Depot48. “But the packaging and infrastructure around independent music still lags. Smaller venues can step in to bridge that gap.” Depot48, which operates as a neighbourhood bar programming live music five nights a week, exemplifies this approach. Its model balances economic sustainability with artistic freedom through layered programming often by pairing emerging artists with established acts, collaborating with similar venues for touring circuits, and occasionally using brand partnerships to underwrite culturally significant shows but ones that may not be commercially heavy.
This flexibility, Girjashanker notes, allows artists to try new genres, languages, and formats, something large venues often cannot afford to do at scale. He adds, “It’s why so many musicians who performed at Depot in their early phases, from Prateek Kuhad and Tajdar Junaid to PCRC, The Revisit Project and others, continue to return.”
Depot also tapped early into developing the brand beyond music and looked at redefining how inclusivity is practised, particularly within the queer community. Co-founder Vikas, who oversees front-of-house operations, traces this ethos back to the venue’s earliest days. “There was a real lack of spaces where people could go and feel safe,” he explains. “We wanted to build something that wasn’t run-of-the-mill—something that didn’t exist at the time.”