Qdesq raises seed-funding to tap workspace market

Qdesq, a workspace aggregator, has raised seed-funding from a clutch of angel investors to tap into the burgeoning demand for workspace, driven by mushrooming start-ups across the country.
The company, however, declined to comment on the details of the funding.
"Qdesq has raised an undisclosed amount in its seed round from a group of investors led by Dheeraj Jain. He is a partner at Redcliffe Capital and angel investor in Deyor rooms, DogSpot, Mappr, Simpli5d technologies, Shipsy, Zocalo, Burger Singh etc," Qdesq founder Paras Arora told PTI.
Other investors who participated are Jagdish Kumar (ex-regional director APAC, DuPont), Bharat Gupta, Ankush Saigal and Praveen Saini, he added.

Founded in October 2015, Qdesq offers ready-to-move-in office space at standardised pricing of Rs 3,500 a month per workstation onwards.
"Our inventory consists of our own brand and managed workspaces as well as verified third-party listings. Currently, we have 20 live venues across Delhi and Gurgaon and one own branded and managed centre in Gurgaon," he said.

In the next six months, the company plans to expand to other cities like Bengaluru, Mumbai, Pune, Hyderabad and Chandigarh.
"There is a huge demand. We have already achieved 80 per cent occupancy (in a double occupancy format) at our own centre in just one month of operations. The traction is coming from across work segments -- start-ups, SME, consultants and freelancers as well as big corporates," Arora said.

"The new funds raised will be deployed in team building in ops and technology. We will also add 100 more venues (third party) and two more own branded and managed centres (for which occupancy mandates are already in place) in next two months."
The aim is to revolutionise office occupancy experience by ensuring affordability, flexibility, predictability and geographical spread, he added.