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Workspace Rental Portal Qdesq Raises Angel Funding

Workspace Rental Portal Qdesq Raises Angel Funding

Qdesq, a workspace rental platform has raised an undisclosed amount of funding from Anuraag Jaipuria (Director, Jai Drinks Pvt Ltd), Ruchirans Jaipuria (Director, Jaipuria Beverage and Food Pvt. Ltd.) and Rishi Kajaria (Joint MD, Kajaria Ceramics). Existing investors Dheeraj Jain (Partner Redcliffe Capital), serial entrepreneurs, and angel investors Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra also participated in this round.

The Gurgaon-based startup was founded in 2015 by Paras Arora and Lavesh Bhandari. It offers ready-to-move in offices. Its inventory consists of own, branded and managed workspaces, as well as verified third-party listings.

The raised funds will be used to expand its presence in Mumbai and Bangalore. It also plans to enhance its marketing and technology backbone.

Qdesq works as a search engine to find workstations, meeting rooms, private offices or virtual offices. Users can book the listings for a day, month or a year. Venues are verified and payment options are quick to ensure faster occupancy.

Other features on Qdesq include lead tracking, KYC, Inspection management, MIS on booking, post booking rent management and data analysis.

The startup currently offers its services to over 200 venues across Delhi and NCR. The offerings are in two formats – short occupancy (meeting rooms, workspace for a day and Qcafe) and long occupancy (workspace on monthly or yearly basis). It also aims to target 200 monthly bookings and 500 work desks under ongoing monthly occupation before December.

Qdesq offers workspace providers like business centres, hotels, co-working cafes etc. to monetise their unused workspace inventory and add it on the website.

Earlier this January, it raised an undisclosed amount in seed round of funding led by Redcliffe Capital’s partner Dheeraj Jain. Other players in this space include 91Springboard, Social Offline and Regus among others.

Author

Taniya Roy

Inc42 Staff

A music and travel buff, Taniya has a passion for writing stories that impact human lives. She has worked with Bloomberg TV India for over a year and is now on a journey to explore the startup ecosystem.

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