Occupier demand for flexible workspace in India has increased by around 40% in the last two years, a rate of growth that makes India one of the fastest growing office markets in the world. The partnership allows international client occupiers greater access to the Indian market via data sharing, and a link-up between the two firms’ technology platforms.
Instant already lists more than 11,000 flexible workspace centres on its web portal www.instantoffices.com, and the partnership with Qdesq will strengthen its access to the Indian market.
“The Indian market is a key strategic region for Instant, and finding a local partner that gives us better access to the country’s fast-growth flexible market further accelerates our global strategy,” explained Tim Rodber, Instant Group CEO.
“The sheer scale of the market in India means that having a local partner is essential and we are excited at the potential of the partnership. Qdesq offers a market-leading solution, with excellent content, user experience and a mission towards continual improvement.”
Paras Arora, Founder and CEO of Qdesq, said: “Our Company has grown quickly as India has embraced a real change in the way that people work, and technology now allows them to work in locations of their choosing.
“We recognised early on the potential of working with an established international partner, to help us continue our expansion but also to allow more global companies access to our local market in India.”
Qdesq provides an online platform that allows providers of workspace across India to list their properties and connect with online users. The website Qdesq.com has developed standardised pricing models and offers a transparent view of the Indian market. Currently 1150 centres (including branded workspace and independent operators) are listed on the Qdesq platform to monetise their vacant inventory and to sustain occupancy.
Established in 1999, The Instant Group has achieved 30% compound growth over the past 4 years and continues to expand with private equity funding secured from MML Capital in 2012. With offices in London, Berlin, Dallas, New York, San Francisco, Hong Kong and Sydney, The Instant Group employs more than 180 experts and has clients in 153 countries.