BENGALURU: Branded workspace rental platform, Qdesq has raised funds from a clutch of investors that includes Rishi Kajaria, Joint MD, Kajaria Ceramics, Anurag Jaipuria, Director, Jai Drinks, and Ruchirans Jaipuria, Director, Jaipuria Beverage and Food. The funding amount is not disclosed to anyone but as big firms are involved in the process so it is believed to be high. As reported by the Economic Times Website, the company will utilize these funds for its market expansion, technology enhancement, and marketing.

The Gurgaon-based firm is currently active in 216 venues across the Delhi NCR in both short occupancy and long occupancy formats. Now they are planning to expand their presence in other metropolitan cities like Bangalore and Mumbai. This newly received funding will boost their chances of fast expansion. In January also company raised an undisclosed amount of funding to build their team, enhance operations and technology, and to takeover third party venues.

Paras Arora, Founder of Qdesq said that currently the company is going with a month-on-month growth rate of 60 percent on the revenue side and some 20-25 Qdesq verified venues are increasing in the list every month. Further, he said that the company aims to achieve the target of 200 monthly bookings in on-demand businesses and 500 workdesk on monthly occupation basis before its first anniversary in December.

Founded in 2015, Qdesq is offering plug and play office space at standardized per workstation prices. The players like Qdesq, Awfis, and Innov8 are revolutionizing the Indian co-working office space market that received a huge growth in last few months. This trend started by the constant growth of start-up culture in the country that usually contains very less number of employees. Some analysts suggested that, since most of the startups are bootstrapped that is with minimum financial resources, so these co-shared workspaces are more cost-effective than renting a space for offices.

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