Incubex NestaVera, a Bengaluru-based flexible workspace provider, is investing ₹100 crore to expand its footprint over the next two years. The company plans to scale from 3 lakh sq ft to 1 million sq ft across Bengaluru, Hyderabad, Pune, and Mumbai, targeting a ₹100 crore topline and continued EBITDA-positive growth.
Incubex NestaVera, one of India’s emerging names in coworking and enterprise workspace solutions, has announced an investment plan of ₹100 crore over the next two years to accelerate its expansion. The company aims to scale operations beyond Bengaluru and establish a strong presence in Hyderabad, Pune, and Mumbai, reflecting India’s growing appetite for flexible work environments.
“We have grown significantly in a short span and are very excited about the new expansion roadmap lined up ahead of us,” said Priyatosh Ranjan, Founder and CEO of Incubex NestaVera, expressing confidence in the company’s rapid growth trajectory.
Scaling to 1 Million Sq Ft of Workspace
Currently managing 10 premium workspaces across Bengaluru, totalling over 3 lakh sq ft and housing 5,500 seats, Incubex NestaVera is set to expand its capacity to 1 million sq ft within the next 18 months. This expansion aligns with the company’s vision to redefine workspaces through flexibility, design, and tech-enabled infrastructure.
Ranjan added that the firm remains EBITDA-positive and is targeting a ₹100 crore topline in FY 2019–20, underscoring its financial stability and investor confidence. The upcoming phase of growth is expected to introduce new products tailored for enterprise clients and agile teams.
Riding the Wave of India’s Flex Workspace Growth
According to Manas Mehrotra, Chairman of Incubex NestaVera, the coworking industry in India is experiencing strong growth momentum. “Coworking spaces are experiencing a high growth trajectory in India. Flexible workspaces contribute close to 13% of office leasing in Q3 CY18, compared to around 5% last year,” Mehrotra noted.
He added that **diverse users fuel this demand surge—from multinational corporations to one-seater startups—**indicating a maturing market that values agility and scalability. With hybrid work and decentralised teams becoming the norm, Incubex NestaVera’s expansion arrives at an opportune time.
Positioning for the Next Phase of Growth
As flexible workspace adoption deepens across metros, Incubex NestaVera’s ₹100 crore investment positions it strategically among India’s fast-growing operators. By focusing on design, accessibility, and technology-driven efficiency, the company aims to capture a larger share of the evolving enterprise and startup ecosystem.
With financial resilience and an ambitious roadmap, Incubex NestaVera is not just expanding its physical footprint—it’s shaping the future of how India works.
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