Corporatedge, a leading provider of Serviced Office
Infrastructure in India gets funded by SIDBI India Opportunities Fund to
support the expansion of the company’s Serviced Offices business. With this
funding, the company aims at expanding to over 6 locations across India.
Formed in 2012 as a privately held company, the company provides fully
serviced offices, virtual offices, meeting rooms and co-working spaces for
companies ranging from start-ups to multinational conglomerates. Since
inception, CE Serviced Offices Private Limited (Corporatedge) has been
passionately focusing on service delivery and premium yet value for money
offering in the Serviced Offices vertical.
The company has two
operational serviced office offerings in premium locations in Gurgaon. Corporatedge launched its first Centre with
40 office suites and 178 workstations spread over 16,000 sq ft – at DLF Cyber
City in 2013. In 2016 another premium offering was set up at Corporatedge
Horizon Centre, spread over 25,000 sq ft. with 60 suites and 280 workstations
at DLF Two Horizon in April 2016. Corporatedge has created a mark in the
Business Center industry with MNCs and international
firms largely working out of their state of the art modern
facilities. They have total of 500 desks operational and have grown their
capacity by 60% in the last quarter of 2017.
Positioned as a Premium
offering in the Serviced Offices space, ‘Corporatedge’ is known for its Premium
offering as – Location, Address, Product-mix, Infrastructure, Interiors,
Technology and Service support. With the India Growth story gaining momentum and
the country’s brand equity in the business world being stronger than ever, the
demand from foreign companies, domestic companies and start ups within the
country for serviced offices will continue to grow over the next several years.
“We want companies to have a premium workplace environment experience, second
to none in the world. The world wants to do business with India and in India.
And they will demand the best service standards and settle for nothing less”,
says Mona Shukla, Founder and CEO at Corporatedge Serviced Offices.
“We are humbled by the support of SIDBI IOF Team. Our
commitment of an excellent service, followed by manageable growth has made us
reach this far. With this round of funding, we see ourselves grow into a
national entity. We dream to be a global entity soon and this would be a major
milestone in our journey. With this first round of funding, we would be having
a roll out of 4-6 more centers with a deployment plan of INR 20-25 crores.”,
adds Mona.
SIDBI Venture Capital Limited (SVCL), incorporated in 1999, is an investment
management company and a wholly owned subsidiary of SIDBI (www.sidbi.in), the
Apex Financial Institution in the country for the MSME sector. Over its life,
SVCL has managed funds focussed on different themes including Startups/ early
stage technology businesses, manufacturing SMEs, service entities, agri
businesses, financial inclusion companies, etc. However, the common string in
all investments has been the focus to identify strong & ethical leadership
teams capable of executing innovation based business models or robust scalable
businesses.
Acupro Consulting, a
boutique investment banking outfit based out of Gurgaon acted as exclusive
advisor to the Company in this transaction.
Corporatedge is all set
to create a new benchmark in Premium Serviced Offices category and in Ms.
Shukla’s words “We
are ready for Business”.
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