India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Flexible workspace provider Incuspaze has raised ₹150 crore in a funding round led by Bharat Value Fund to fuel expansion, technology upgrades, and acquisitions. The company aims to achieve ₹1,000 crore in revenue and launch an IPO by FY29 while strengthening its presence across India’s rapidly growing managed office market.
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Flexible workspace operator Incuspaze has acquired coworking firm iKeva through a 100% buyout, strengthening its presence in Hyderabad and Bengaluru. The deal adds nearly ₹100 crore in annual revenue, supports enterprise and GCC demand, and aligns with the company’s plans for a potential IPO within the next 24–36 months.
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Incuspaze has appointed Amit Ghoshal as Managing Director – Enterprise to strengthen its enterprise business and expand across India’s workspace market. With over two decades of industry experience, Ghoshal will lead enterprise growth as the company targets ₹1,000 crore revenue and a planned IPO by FY28-29.
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Incuspaze has leased 60,000 sq. ft. of Grade-A office space at Million Minds Tech City, Ahmedabad. The workspace will accommodate over 1,200 seats and strengthen the company’s Gujarat expansion strategy. The development highlights rising GCC demand, strong leasing momentum, and Ahmedabad’s emergence as a major commercial and innovation hub.
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Incuspaze has expanded its ‘Your Office, Your Way’ OOH campaign to Chennai, targeting enterprise occupiers, GCCs, and decision-makers in high-traffic business zones. Building on its successful Bengaluru activation, the brand aims to reinforce its leadership in managed offices. The campaign emphasizes flexibility, scalability, and tailored workspace solutions aligned with Chennai’s growing corporate demand.
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Incuspaze has appointed Anuj Arora as Executive Director of Operations to strengthen leadership and speed up national growth. Backed by two decades in corporate real estate and facilities across JLL, Mace, Reliance, and DLF, Arora will drive “operational excellence, business transformation, and client experience strategies,” aligning delivery, governance, and sustainability for India-wide scale-up.
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