Incuspaze Raises INR 150 Crore; Eyes Expansion, Acquisitions, and more
The company looks to tap into growing demand for scalable, experience-led office solutions from new and conventional enterprises and enterprises, GCCs, and high-growth businesses.
Incuspaze
From left - Sanjay Chatrath, Co-founder & Managing Partner, Incuspaze and Sanjay Choudhary, Founder and CEO, Incuspaze
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Incuspaze, a managed workspace and office solutions provider, has raised INR 150 crore in a funding round led by Bharat Value Fund and other financial institutions.
The company plans to use the fund towards strengthening its presence across key commercial markets, accelerate technology investments, and pursue strategic acquisitions. It also aspires to go public in FY29.
Founded in 2016, Incuspaze provides workspaces at over 80 locations across 18 cities with a total portfolio of 4 Mn. sq. ft. The company competes with the likes of WeWork, Awfis, Smartworks, 91springboard, and IndiQube.
The funding follows Incuspaze’s recent acquisition of iKeva, a managed workspace operator with a strong presence in Hyderabad. The company plans to scale its portfolio substantially in the city, targeting a milestone of over 1 million sq. ft. of managed office space in Hyderabad in FY27.
Commenting on the fundraise, Sanjay Choudhary, Founder & CEO, Incuspaze, said, “This investment marks an important chapter in Incuspaze’s evolution. Over the past decade, we have built a strong foundation by focusing on enterprise clients, operational excellence, and long-term value creation. The capital infusion will enable us to accelerate our expansion plans, deepen our presence in strategic markets such as Hyderabad, invest in technology, and continue pursuing growth opportunities that complement our vision.”
Sanjay Chatrath, Co-founder & Managing Partner, Incuspaze, added, “The managed workspace sector in India is entering its next phase of growth, driven by enterprise adoption, hybrid work strategies, and the rapid expansion of GCCs. Our acquisition of Ikeva has demonstrated the value of strategic consolidation. With this funding, we are well-positioned to scale our platform, enhance customer experiences, and create a future-ready workspace ecosystem across India.”
Earlier, it had acquired a Pune-based co-working company TRIOS, real estate-focused B2B SaaS platform VSKOUT. The company says these acquisitions helped expand Incuspaze’s operational footprint and enhanced its technology and market intelligence capabilities.
Incuspaze, a managed workspace and office solutions provider, has raised INR 150 crore in a funding round led by Bharat Value Fund and other financial institutions.
The company plans to use the fund towards strengthening its presence across key commercial markets, accelerate technology investments, and pursue strategic acquisitions. It also aspires to go public in FY29.
Founded in 2016, Incuspaze provides workspaces at over 80 locations across 18 cities with a total portfolio of 4 Mn. sq. ft. The company competes with the likes of WeWork, Awfis, Smartworks, 91springboard, and IndiQube.
Entrepreneur Staff • Editor
Entrepreneur Staff
For more than 30 years, Entrepreneur has set the course for success for millions of... Read more
