CorporatEdge Plans Expansion With 30+ Centers across 15 Cities
New trends and evolving consumer expectations are brought about by the continually changing environment we live in. The demands for labor skills and culture have changed quickly, but so has the workplace itself. The Serviced Office & Flexible Workspaces industry has flourished as a result of the completion of numerous commercial projects to meet rising demand, which is primarily driven by technology and co-working companies. A recent study on the Serviced Office Industry indicates demand increasing by 49% to 32.8 million square feet across six cities in the country during the period of January-September 2022. The combined square footage of these six cities—Bengaluru, Chennai, Delhi-NCR, Hyderabad, Pune, and Mumbai—was 22 million square feet the year before.
CorporatEdge (CE), one of the leading providers of premium serviced office spaces, has experienced rapid growth due to its range and quality of services, and now it intends to further expand its presence. The company is known for providing extremely elegant Serviced Office Spaces with 5 Business Centre locations across 3 cities in India and Dubai. It enables corporates & start-ups to seamlessly create, connect, and grow their businesses. Over the past ten years, it has served over 850 corporate clients with the mix comprising 57% MNCs & Fortune 500 companies, 33% SMEs, and 10% startups. More than 13 of the world’s top countries make up its client base. SIDBI India Venture Fund has invested in the company, and the company is currently raising additional rounds of funds for expansion into new and existing markets in Delhi, Gurgaon, Bengaluru, Hyderabad, and Pune in India.
CorporatEdge wants to expand its reach to 15 locations with 30+ Centers by the year 2024. The company just purchased a whole floor measuring 25,000 square feet at the Two Horizon Center in Gurugram and created an investment strategy worth Rs. 400 crores. The ecosystem CorporatEdge has created over the previous ten years, which consists of its team, clientele, channel partners, IPCs, and investors, is a crucial strategic pillar of its expansion objectives.
Recently, CE unveiled its new enterprise solution vertical. This vertical will handle providing location search to managed office solutions for needs ranging from 10,000 to 100,000 square feet or more. A worldwide fintech company just received the organization’s third enterprise office solution in Bengaluru.
Monaah Shukla, the Founder & CEO of the company, said on the plan of expansion, “As we enter into the second decade of our business, we are geared up for growth spurt. The challenge is buildings that we like to house a CE centre. We are looking forward to engaging with developers and IPCs for grade A assets in the chosen markets.”