JLL Spark, the venture capital arm of JLL, has invested into one of India’s largest flex-space technology platforms, Qdesq.
The digital platform offers companies the ability to find and lease flexible workspaces, as well as individual and virtual offices. Through it’s massive inventory of available flex spaces, Qdesq has one desk transaction every 20 minutes.
Qdesq currently lists 2,200 centers and 500,000 desks across 35 Indian cities from operators like WeWork and Awfis.
The company plans to use the investment towards building analytics that will help commercial building owners create their own coworking and flexible workspaces.
“At a time when businesses are increasingly looking for flexibility to easily expand or contract their footprint, Qdesq is able to dramatically reduce the lead-time to occupancy for companies with its comprehensive inventory of real time availability of managed spaces,” said Anuj Nangpal, Asia Pacific Lead at JLL Spark.