CorporatEdge plans to expand with 30+ centers in 15 cities | Tech Reddy
Gurugram [Haryana] [India], November 4 (ANI/ATK): With the rapidly changing world around us comes new trends and evolving market demands. Not only have workforce skill requirements and culture evolved rapidly, but so has the work environment.
To tap into this growing demand, the serviced office and flexible workspace industry began with a recent study on the serviced office industry showing a 49 percent increase in demand across six cities in the country to 32.8 million square feet during the January-September period. 2022, resulting in the completion of numerous commercial projects to meet growing demand driven primarily by technology and co-working companies. Last year, these same 6 cities – Bengaluru, Chennai, Delhi-NCR, Hyderabad, Pune and Mumbai; 22 million square feet were combined.
CorporatEdge (CE), one of the leading providers of premium serviced office spaces, has grown rapidly due to its range and quality of service and now seeks to expand its presence further. The company is known for providing highly elegant serviced office space with 5 business center locations across 3 cities in India and Dubai. It enables corporates and start-ups to build, connect and grow their businesses. Over the past ten years, it has served more than 850 corporate clients with a mix comprising 57 percent MNCs and Fortune 500 companies, 33 percent SMEs and 10 percent startups.
More than 13 of the world’s leading countries form its client base. SIDBI India Venture Fund has invested in the company, and the company is currently raising additional funds to expand into new and existing markets in Delhi, Gurgaon, Bangalore, Hyderabad and Pune in India. By 2024, CorporateEdge plans to reach 15 cities with 30+ centers. The business recently acquired a 25,000 sq.ft. Completed flooring and a Rs 400 crore investment plan at Two Horizon Center in Gurugram. A key strategic pillar of its growth plan is the ecosystem CorporatEdge has built over the past decade comprising its team, client base, channel partners, IPCs and investors.
CE recently launched a new vertical of enterprise solutions. This vertical will take care of providing location search in managed office solutions for 10,000-1,00,000+ sq ft requirements. The company recently delivered its third enterprise office solution in Bengaluru for a global fintech firm. Monah Shukla, founder and CEO of the company, said about the expansion plans, “As we enter the second decade of our business, we are poised for growth. The challenge is the buildings where we choose to house a CE center. We are developers for Grade A assets in select markets and IPC- Looking forward to being involved.”
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