New Delhi, 29 June 2026 - Incuspaze, one of India's leading managed workspace and office solutions providers, has successfully raised ₹150 crore led by Bharat Value Fund and other financial institutions, marking a significant milestone in the company's growth journey. The capital will be deployed towards strengthening its presence across key commercial markets, accelerating technology investments, pursuing strategic acquisitions, and preparing for its planned public listing in FY29.
India's flex office industry has crossed the 100 million sq. ft. milestone, and demand drivers are enterprises, Global Capability Centres (GCCs), and high-growth businesses seeking scalable, experience-led office solutions.
The funding follows Incuspaze's recent acquisition of iKeva, a prominent managed workspace operator with a strong presence in Hyderabad. The acquisition has significantly enhanced Incuspaze's regional presence while adding high-quality enterprise-grade assets to its portfolio. 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.
Over the last decade, Incuspaze has established itself as a trusted workspace partner for enterprises across India, building a diversified portfolio of managed offices, coworking spaces, and customized workplace solutions.
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.'
Madhu Lunawat, CIO, Bharat Value Fund said,'Incuspaze has demonstrated strong execution capabilities, a differentiated enterprise-led business model, and a clear vision for the future of work. We believe the company is well positioned to capitalize on the structural growth opportunities within India's flexible workspace sector, and we are excited to partner with the team during this next phase of expansion.'
The latest fundraise represents a strategic step in Incuspaze's long-term growth roadmap as the company prepares for its next phase of institutional scale-up and eventual public market debut.
With a strengthened balance sheet, expanding national footprint, successful integration of acquisitions, and growing enterprise demand, Incuspaze is laying the groundwork for its planned IPO over the coming years. The company remains focused on building a category-defining platform that combines scale, profitability, technology, and customer-centric innovation.
As India's workplace landscape continues to evolve, Incuspaze aims to play a pivotal role in shaping the future of managed offices and flexible workspaces, while creating sustainable value for customers, partners, employees, and investors.
Incuspaze is pioneering the consolidation of India's flexible and managed workspace industry. The latest iKeva acquisition follows Incuspaze's earlier acquisitions of Pune based co-working company TRIOS and acquisition of real estate-focused B2B SaaS platform VSKOUT. These move expanded Incuspaze’s operational footprint and enhanced its technology and market intelligence capabilities.
About Incuspaze
Established in 2016, Incuspaze is India’s leading workspace provider, has marked its presence in 80+ locations across 18 cities with a total portfolio of 4 Mn. sq. ft. with the aim to revolutionize workspace experiences. Positioned in both Tier- 1 and Tier-2 cities, Incuspaze distinguishes itself by providing ‘Space a Service’ with seamless integration of technology and real estate. The company’s diverse services cater to Enterprises, GCC’s, Large Indian Corporates providing hassle free managed office, co-working, asset leasing, design & build & traditional workspace solutions.
