CorporatEdge to Strengthen Presence in Delhi NCR and Bengaluru
ECONOMY & POLICY

CorporatEdge to Strengthen Presence in Delhi NCR and Bengaluru

CorporatEdge, a leading provider of premium flexible workspaces, has raised Rs 1 billion from Carpediem Capital, a leading mid-market private equity fund that invests growth equity in category leaders best poised to capitalise from India's growth story. Overall, CorporatEdge plans to deploy Rs 3.5 billion (including this Rs 1 billion equity infusion). The company shall strategically utilise the funds along with internal accruals to drive expansion across the key markets in India and the Middle East, establishing and consolidating its leadership position in the premium flexible workspace segment. CorporatEdge grew at around 300 per cent over the past three years and historically has grown at 30 per cent CAGR since inception, setting new benchmarks in the industry. In India, the company plans to strengthen its presence in Delhi NCR and Bengaluru while strategically expanding into new markets such as Mumbai, Pune, Hyderabad, Chennai, and Ahmedabad.

In the second phase of growth, CorporatEdge will extend its presence into tier 2 cities such as Lucknow, Chandigarh, and Kolkata. By FY30, the company targets operating 50 centres across 10 cities, with a total footprint of over 1.5+ million sq. ft., representing a10x growth in its overall workspace portfolio. In the immediate term, the company is gearing up to unveil two flagship Centres in the next quarter at World Trade Center (WTC) Nauroji Nagar, New Delhi, and Godrej Golf Course Road, Gurugram. Spanning 50,000 sq. ft. each, these state-of-the-art facilities are set to transform the serviced office landscape in the NCR region, designed to cater to the evolving needs of modern professionals, seamlessly integrating workspace functionality with lifestyle-driven amenities for an unparalleled work experience. As part of the funding, Carpediem Capital joins CorporatEdge as a strategic growth partner, bringing industry expertise and operational support to accelerate the company’s growth.

Commenting on the investment, Monaah M Shuklla, Founder & CEO of CorporatEdge, said, “This investment is testament to the success of our unique hospitality-infused workspace model. At CorporatEdge, we don’t just provide offices; we curate work environments with a soul, designed to enhance productivity and well-being. Our journey in pioneering premium workspaces has naturally evolved into what we now call ‘Offitel’, a modern work environment that seamlessly integrates productivity with comfort, efficiency with luxury, and functionality with personalized service. This evolution reflects our commitment to blending premium office infrastructure with world-class hospitality. The capital infusion by Carpediem Capital further fuels our ambition to revolutionise workspaces and establish Offitel as the gold standard for businesses seeking premium office experiences.”

Aashish S. Shukla, Managing Director of CorporatEdge, further added, ""This funding marks a significant milestone in our expansion strategy, allowing us to strengthen our presence in high- growth markets while ensuring operational excellence. Our focus is on creating a premium, scalable, profitable and tech-driven workspace ecosystem that caters to the evolving demands of businesses. With Carpediem’s expertise, we are well-positioned to optimise market entry strategies, enhance operational efficiencies, and build a resilient portfolio in India.”

Speaking about the investment, Arvind Nair, Chairman at Carpediem Capital, said, “I'm pleased to share that we're partnering with CorporatEdge for their next phase of growth. They have established themselves as a premium flexible workspace operator with a strong leadership team that brings extensive experience in hospitality and commercial real estate. We're confident in CorporatEdge's ability to continue raising industry standards, given their exceptional track record over the past decade. We look forward to supporting them in managing over 1.5 million square feet of space in the next four to five years.""

Maple Capital Advisors were the exclusive financial advisors on the fund raise, and Antares Legal provided legal advisory support for the transaction.

CorporatEdge, a leading provider of premium flexible workspaces, has raised Rs 1 billion from Carpediem Capital, a leading mid-market private equity fund that invests growth equity in category leaders best poised to capitalise from India's growth story. Overall, CorporatEdge plans to deploy Rs 3.5 billion (including this Rs 1 billion equity infusion). The company shall strategically utilise the funds along with internal accruals to drive expansion across the key markets in India and the Middle East, establishing and consolidating its leadership position in the premium flexible workspace segment. CorporatEdge grew at around 300 per cent over the past three years and historically has grown at 30 per cent CAGR since inception, setting new benchmarks in the industry. In India, the company plans to strengthen its presence in Delhi NCR and Bengaluru while strategically expanding into new markets such as Mumbai, Pune, Hyderabad, Chennai, and Ahmedabad.In the second phase of growth, CorporatEdge will extend its presence into tier 2 cities such as Lucknow, Chandigarh, and Kolkata. By FY30, the company targets operating 50 centres across 10 cities, with a total footprint of over 1.5+ million sq. ft., representing a10x growth in its overall workspace portfolio. In the immediate term, the company is gearing up to unveil two flagship Centres in the next quarter at World Trade Center (WTC) Nauroji Nagar, New Delhi, and Godrej Golf Course Road, Gurugram. Spanning 50,000 sq. ft. each, these state-of-the-art facilities are set to transform the serviced office landscape in the NCR region, designed to cater to the evolving needs of modern professionals, seamlessly integrating workspace functionality with lifestyle-driven amenities for an unparalleled work experience. As part of the funding, Carpediem Capital joins CorporatEdge as a strategic growth partner, bringing industry expertise and operational support to accelerate the company’s growth.Commenting on the investment, Monaah M Shuklla, Founder & CEO of CorporatEdge, said, “This investment is testament to the success of our unique hospitality-infused workspace model. At CorporatEdge, we don’t just provide offices; we curate work environments with a soul, designed to enhance productivity and well-being. Our journey in pioneering premium workspaces has naturally evolved into what we now call ‘Offitel’, a modern work environment that seamlessly integrates productivity with comfort, efficiency with luxury, and functionality with personalized service. This evolution reflects our commitment to blending premium office infrastructure with world-class hospitality. The capital infusion by Carpediem Capital further fuels our ambition to revolutionise workspaces and establish Offitel as the gold standard for businesses seeking premium office experiences.”Aashish S. Shukla, Managing Director of CorporatEdge, further added, This funding marks a significant milestone in our expansion strategy, allowing us to strengthen our presence in high- growth markets while ensuring operational excellence. Our focus is on creating a premium, scalable, profitable and tech-driven workspace ecosystem that caters to the evolving demands of businesses. With Carpediem’s expertise, we are well-positioned to optimise market entry strategies, enhance operational efficiencies, and build a resilient portfolio in India.”Speaking about the investment, Arvind Nair, Chairman at Carpediem Capital, said, “I'm pleased to share that we're partnering with CorporatEdge for their next phase of growth. They have established themselves as a premium flexible workspace operator with a strong leadership team that brings extensive experience in hospitality and commercial real estate. We're confident in CorporatEdge's ability to continue raising industry standards, given their exceptional track record over the past decade. We look forward to supporting them in managing over 1.5 million square feet of space in the next four to five years.Maple Capital Advisors were the exclusive financial advisors on the fund raise, and Antares Legal provided legal advisory support for the transaction.

Next Story
Equipment

Kobelco CE India Marks Milestone with 20,000th Excavator

Kobelco Construction Equipment India (KCEI), a subsidiary of Japan-based Kobelco Construction Machinery Co., has reached a significant production milestone by rolling out its 20,000th excavator at its manufacturing plant in Sri City, Andhra Pradesh. This facility serves both domestic and international markets, reinforcing India’s role as a key production center for Kobelco.Takemichi Hirakawa, Managing Director & CEO, Kobelco Construction Equipment India, said, ""Reaching the 20,000th excavator production milestone reflects our commitment to delivering high-quality construction equipment...

Next Story
Infrastructure Transport

Cabinet Approves Highway from JNPA to Chowk in Maharashtra

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the construction of a 6-lane access-controlled Greenfield High-Speed National Highway from JNPA Port (Pagote) to Chowk in Maharashtra. The 29.219 km project will be developed on a Build, Operate, and Transfer (BOT) toll model at an estimated cost of Rs 45 billion. As part of the PM Gati Shakti National Master Plan, the project aims to enhance road connectivity to major ports, addressing increasing container traffic at JNPA and the upcoming Navi Mumbai International Airport. Currently, heavy co..

Next Story
Infrastructure Urban

Effective Implementation of MGNREGA in the Last Decade

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), enacted in 2005, aims to enhance livelihood security in rural areas by guaranteeing at least 100 days of wage employment per year to willing adult members of rural households performing unskilled manual labour. Over the years, the government has significantly increased budget allocations for the scheme. From Rs 113 billion in 2006-07, the allocation rose to Rs 330 billion in 2013-14 and reached a record Rs 860 billion in 2024-25. During the COVID-19 pandemic in 2020-21, the government spent Rs 1,110 billion under MGNREG..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?