MUMBAI: Silicon Valley-based venture capital arm of , , has invested an undisclosed amount in India’s largest flex-space platform, . Through this investment, the proptech focused fund has marked its first India focused investment, JLL said in a release. JLL Spark is a $100 million fund that has concluded total 15 deals so far and this investment in Qdesq is its first in Asia. Founded in 2015, Qdesq is a digital platform that allows companies to transact flexible workspaces, managed workplaces, virtual offices and individual offices. The company lists inventory of available flex spaces in near real time. With this investment, the company plans to invest into the analytics capabilities of its technology platform to allow enterprises to better self-solution their future real estate footprint and to allow commercial asset owners to create viable co-working and flex spaces within commercial complexes. “The investment in Qdesq forges a strategic partnership and aims to tap into the growth opportunity that flexible workspace segment offers,” said , CEO & country head – India, JLL. At present, Qdesq has around 2,200 centres, lists over 500,000 desks in near real time, covering the top 35 Indian cities and has rapidly emerged as a dominant distribution channel for co-working operators like Wework, 91Springboard, AWFIS, Regus, Smartworks, Innov8 & Oyo. As per JLL estimates, currently there are approximately 325 to 330 flexible workspace operators in the top seven cities. The study adds the average size of transactions in the co-working segment increased from 37,000 sq ft (2017) to 52,000 sq ft (2018) and further to 97,000 sq ft in the first half of 2019
JLL ’s technology arm has invested an undisclosed amount in Qdesq , India ’s largest flex - space technology platform . Qdesq ’s platform lists inventory of available flexible workspaces in near real time . It plans to use the cash to leverage its analytics capabilities to help companies with office space to find suitable space and to help office landlords create viable co - working and flex space . JLL estimates there are approximately 300 to 330 flexible workspace operators in India ’s top 10 cities .