IndiQube deepens expansion, enters Bhubaneswar
This is IndiQube's 17th city and the second city in East India after Kolkata. The new centre will span over 45,000 sq ft and will be located in Patia, Infocity.
Workplace solutions platform IndiQube on Monday expanded into Bhubaneswar, marking the firm’s 17th city of operations in the country. The city is also its second East Indian market after Kolkata.
The new centre will span over 45,000 sq ft and will be located in Patia, Infocity—a key business district and one of Bhubaneswar’s prominent IT and commercial hubs.
This expansion is on track with IndiQube’s plan to deepen its presence in high-potential Tier II cities, aligning with the country’s enterprise and talent landscape.
“East India represents a significant growth frontier for IndiQube, and Bhubaneswar is a natural next step in that journey. The city is at an inflection point, transitioning into a credible enterprise and technology hub, backed by strong infrastructure with upcoming metro and policy support. Our expansion here reinforces our long-term commitment to building a robust presence in the region and enabling enterprises to scale efficiently beyond traditional metros while tapping into emerging talent markets,” said Rishi Das, Co-founder and CEO, IndiQube.
In recent years, many startups have turned their focus to deepen their footprint in Tier II cities, as Indian corporates rethink workplace strategies amid talent migration patterns.
“As organisations rethink their workspace location strategies amidst the evolving talent migration patterns, our presence in emerging cities like Bhubaneswar will play a critical role in enabling ease of doing business, enhancing workspace productivity while providing a consistent employee experience,” said Meghna Agarwal, Co-founder, IndiQube.
The development comes months after the company reported strong quarterly results. In November, it posted its highest-ever quarterly revenue of Rs 354 crore in Q2 FY26, marking a 38% year-on-year surge, while profit after tax tripled to Rs 28 crore.
The strong revenue growth was on the back of its three-fold strategy: deeper penetration within existing micro-markets, wider presence across emerging cities, and continuous layering of B2B2C services such as transport, food and beverage, mobility, events, and concierge offerings.
Edited by Suman Singh