PE Fund Investments
Co-working space provider CorporatEdge raises Rs.100-Cr from Carpediem Capital
Gurugram-based CorporatEdge , which provides flexible workspaces to companies, has raised INR 100 crore from private equity firm Carpediem Capital. The company will use the funds along with internal accruals to drive expansion across the key markets in India and the Middle East.CorporatEdge has centres across six locations totalling 1,67,000 square feet (including one in Dubai), servicing MNCs, enterprises, startups, and more. 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. During the second phase of growth, CorporatEdge will extend its presence into tier 2 cities such as Lucknow, Chandigarh, and Kolkata.
In Dec 2017, Corporatedge had attracted about USD 2 M from SIDBI VC.For FY24, Corporatedge had reported about INR 55 Cr in Operating Income and about INR 5 Cr in PAT.
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