SIDBI India Opportunities Fund invests in Corporatedge Serviced Offices for expanding its presence across the country

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BY Viral Blogs 01:16 0

SIDBI India Opportunities Fund invests in Corporatedge Serviced Offices for expanding its presence across the country

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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