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Exclusive Interview Of Paras Arora The Founder & CEO Of Qdesq

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Paras Arora The Founder & CEO Of Qdesq Talks exclusively to RealtyNXT

Gurugram-based co-working space provider Qdesq was recently in the news for garnering an anonymous amount of capital from JLL Spark. Co-founded in 2015 by Paras Arora and Lavesh Bhandari, Qdesq has 2,200 centres in 35 Indian cities. RealtyNXT sat down for a quick conversation with Arora. Excerpts from the same:

Paras Arora The Founder & CEO Of Qdesq

1. How do you plan to utilise the funds raised from JLL Spark? 

The funds would be used to enhance transaction and technology bandwidth. Also, for adding new vertical within flex real estate domain.

2. What do you think are your biggest achievements since your journey began in the year 2015?

The market leadership. Qdesq is now the largest flex office space platform with 2200 centres listed with monthly booking 1600+desks and growing 4X YOY.

3. How tough is the competition at present? Name five factors that form the bedrock of your success.

Our competition is now a particular firm but the fact that office seekers end up going/dealing with operators directly. We want to be a tech-enabled intelligent interface which enables the fastest and right way of workspace discovery and booking ensuring agility, transparency and price advantages.

4. Can you highlight how your business model is different from co-working space providers like WeWork? 

We are a marketplace enabling transactions and developing constant occupancy at the operator centres. We do not own and operate centres.

5. Can you name one PropTech innovation that you wish was implemented in Indian commercial real estate? 

Yes to witness one. I believe it will come from India.

6. Over the years, how has Qdesq adopted technology and what role has it played in the company’s growth? 

Technology has been the backbone of our business model enabling fast and real-time workspace discovery to closure process.

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