Qdesq Secures Fresh Funding from Proptech Investor Gruhas, Aiming for Workspace Revolution
Qdesq, a flexible workspace marketplace, has secured an undisclosed amount in a fresh funding round from proptech-focused venture capital firm Gruhas. This is the second investment Qdesq has secured from a venture capital firm after JLL Spark.
As per the startup, the freshly raised funds will enable it to improve its overall team strength and capability, driving growth and scale in both businesses.
Qdesq | Flexible Workspaces
Founded by Paaras Arora in 2015, Qdesq operates a flexible workspace marketplace that connects individuals and businesses with a wide range of flexible workspaces, such as coworking spaces, private offices, training rooms, meeting rooms, and virtual offices. The startup enables and provides businesses and occupiers with ready-to-move-in and flexible workspace options at a Pan India level.
The tech-enabled online platform, in addition to providing a flexible workspace marketplace, expanded its offerings in 2022 with the launch of Qudify. It is an enterprise SaaS platform that upgrades and digitizes enterprises and workspaces with QR-based visitor management, meeting rooms, and complaint management system.
As per the startup, since the launch of Qudify, it has garnered over 125 clients and empowered 2,00,000 interactions of enterprise employees and visitors. Further, with this enterprise SaaS platform, Qdesq aims to achieve 3x growth Year-on-Year.
Providing services like coworking, private offices, and on-demand workspaces like meeting rooms, virtual offices, and day passes, it has a monthly run rate of 6,500 desk reservations. The startup claims to have 4500 centers listed on its platform across 100 cities in India.
Statement from the Investors
Commenting on the rising demand for flexible workspaces, Abhijeet Pai, Co-founder of Gruhas, said,
“Coworking and managed offices have seen a surge in demand post the pandemic. Flexible and ready-to-move workspaces have become a way of life for corporates, small businesses, and startups alike.”
In July, Nikhil Kamath and Abhijeet Pai, founders of Gruhas, collaborated with Collective Artists Network to invest in a fund assisting and empowering young business people and startups in the consumer industry. With this collaboration, both firms intend to invest up to $1 million per agreement in at least 10 businesses, focusing on consumer-facing brands and products.
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