Incuspaze picks Hyderabad as South India hub; eyes Rs 1,000 cr revenue
Incuspaze has raised Rs 150 crore in a funding round led by Bharat Value Fund to expand its presence in key markets, boost technology investments, and pursue acquisitions ahead of a planned public listing in FY29.
Hyderabad: Incuspaze, India’s leading workspace solution provider has raised Rs 150 crore in a funding round led by Bharat Value Fund and other financial institutions.
The capital will be used to strengthen its presence in key commercial markets, accelerate technology investments and pursue acquisitions as the company prepares for a planned public listing in FY29.
Incuspaze has acquired iKeva and strengthened leadership across South India, accelerating enterprise, GCC and managed workspace growth strategy and announced Hyderabad as its strategic hub for South India.
The acquisition enhances Incuspaze’s portfolio with 18 centres and over 5 lakh sq. ft. of workspace across Hyderabad and Bengaluru. In Hyderabad, Incuspaze currently manages a portfolio of over 5 lakh sq. ft. and plans to add another 5 lakh sq. ft. by the end of FY27.
Driven by a combination of organic expansion, increased enterprise occupancy, and strategic acquisitions, it is contributing towards Incuspaze’s target of Rs 1000 crore revenue for FY28–29.
Sanjay Choudhary, Founder & CEO, Incuspaze, said: “The acquisition of iKeva is not merely an expansion of our footprint, it is a strategic step towards building a stronger enterprise workplace platform across the region.”