Proptech Investor Gruhas Backs Qdesq

Founded in 2015, Qdesq connects individuals and businesses with a wide range of flexible workspaces

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 and the freshly raised funds will enable it to improve its overall team strength and capability, driving growth and scale in both businesses.

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 co-working spaces, private offices, training rooms, meeting rooms, and virtual offices. The start-up enables and provides businesses and occupiers with ready-to-move-in and flexible workspace options on 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 digitises enterprises and workspaces with QR-based visitor management, meeting rooms, and complaint management system.

As per the start-up, 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 co-working, 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 start-up claims to have 4500 centres listed on its platform across 100 cities in India. 

Commenting on the rising demand for flexible workspaces, Abhijeet Pai, co-founder of Gruhas, said, “Co-working 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 start-ups 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 start-ups 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.