Coworking space provider Qdesq has secured an undisclosed amount of funding from Gruhas, a venture capital firm that focuses on PropTech. Qdesq, which was founded in 2015 by Lavesh Bhandari and Paras Arora, offers tech-enabled coworking spaces, private offices, and on-demand workspaces such as meeting rooms, virtual offices, and day passes. Commenting on the rising demand for coworking office spaces, Gruhas’ cofounder Abhijeet Pai 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 addition to providing coworking spaces, Qdesq expanded its offerings in 2022 with the introduction of Qudify, an enterprise SaaS platform. Qudify aims to modernize and digitize businesses and workspaces through features such as QR-based visitor tracking, meeting room management, and a complaint resolution system. The startup claims that since its launch, Qudify has helped it garner over 125 clients empowering 2,00,000 interactions of enterprise employees and visitors. With the new offering, Qdesq aims to grow 3x Year-on-Year. 

Qdesq claims to have listed 4,300 centers on its platform across 100 cities in India since its inception. The company offers a range of services, including coworking spaces, private offices, and flexible workspace solutions such as meeting rooms, virtual offices, and day passes. With a monthly run rate of 6,500 desk reservations, the startup plans to use the funds to expand its team and capabilities, thus fueling growth and scale in both businesses. In 2019, the startup secured an undisclosed amount of funding from JLL to grow the analytics capabilities of its technology platform. In India, other players in the coworking space include WeWork, 91Springboard and Innov8, among others, both of which secured funding last year. According to a Mordor Intelligence study, the current market size of coworking spaces in India is $1.78 billion, which is estimated to grow at a CAGR of 7% by 2028.