Incuspaze gets $8 m in maiden funding round
workspace provider Incuspaze has raised $8 million (₹67 crore) led by the India Inflection Opportunity Fund (IIOF) and other financial institutions in its maiden funding round. The IIOF specialises in late-stage venture capital investments, focusing on companies poised for pre-IPO stages with clear strategies for stock market listing.
Incuspaze has a portfolio of 3 million square feet in 18 cities across 44 locations.
«This investment will significantly bolster our capabilities to provide top-tier workspace solutions tailored to enterprises, MSMEs, and startups. With our clear profitability matrix and enterprise-focused approach, we aim to become a dominant player in Indi's flexible workspace market,» said Sanjay Choudhary, founder & CEO, Incuspaze. It recently leased 220,000 square feet of space in Gurugram's M3M Urbana project on Golf Course Extension Road.
The transaction follows 600,000 sq ft of space leased by the company in the June quarter in three cities as the flexible space operator continues to expand amid growing demand.
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