Monaah M Shuklla shares that CorporatEdge have secured around $11.6M (INR 100 crore) in equity funding to expand across India.

CorporatEdge founder Monaah M Shuklla has introduced a new term of "Offitels" to describe a workspace model that combines premium hospitality services with flexible office environments. Offitels differentiate themselves through concierge-level services, ergonomic and wellness-focused designs, customizable business solutions for various company sizes, and LEED-Platinum certified sustainable facilities.

While London has long been the global epicenter of the flexible or serviced workspace industry, it’s hard to ignore the massive growth – and creativity in branding/naming – that is coming out of India. Offitels might not roll off the tongue for some, but it joins a diverse and creative list of different terms and labels that have been applied to the concept of shared workspaces in recent years. We’ll wait and see as to how well this term takes off, but there is no denying that the variety of services CorporatEdge is offering under this brand perfectly aligns with trends we’ve been observing for quite some time.