Incuspaze raises Rs 150 Cr led by Bharat Value Fund
Incuspaze will use this funding round primarily to expand its operations, investments in technology and potential acquisitions
Managed workspace provider Incuspaze has raised Rs 150 crore in funding led by Bharat Value Fund and other financial institutions.
Incuspaze will use this funding round towards strengthening its presence across key commercial markets, accelerating technology investments, pursuing strategic acquisitions, and preparing for its planned public listing in FY29.
This funding round follows Incuspaze's recent acquisition of iKeva, a managed workspace operator with a strong presence in Hyderabad. The acquisition has 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.
On the fund raise, Incuspaze Founder & CEO Sanjay Choudhary 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.”
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.
India's flexible 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.
Incuspaze Co-founder & Managing Partner Sanjay Chatrath said, “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."
Established in 2016, Incuspaze has its presence in 80 plus locations across 18 cities with a total portfolio of 4 million square feet.
Bharat Value Fund CIO Madhu Lunawat said, “We believe the company is well positioned to capitalise 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."