Workspace solutions provider Incuspaze has acquired B2B SaaS firm VSKOUT through a cash-and-equity swap deal.
With India’s Global Capability Centre (GCC) market expected to grow from $64.6 billion in FY24 to between $99 billion and $105 billion by 2030, Incuspaze is actively building a dedicated GCC vertical. The acquisition aligns with its strategy to integrate VSKOUT’s real-time property intelligence into its workspace solutions for both Indian clients and global capability centres.
Founder and CEO Sanjay Choudhary said the company financed the equity portion of the deal internally using its existing reserves.
Following the acquisition, Incuspaze will strategically integrate VSKOUT to enhance its GCC-focused offerings. However, it will continue to function independently as a data platform, serving its current clients, developers, and institutional partners.
Additionally, Incuspaze is currently in discussions to raise pre-IPO funding.
“While VSKOUT’s revenue contribution in FY25–26 will be marginal, we believe this partnership will significantly accelerate our topline growth in the long term,” Choudhary said.
Incuspaze is also in active talks with other potential acquisition targets as part of its wider growth strategy. For FY25–26, the company anticipates that inorganic growth will contribute around 25% of its total revenue. It is targeting overall revenue of ₹350–400 crore for FY26, fueled by a mix of organic expansion and strategic acquisitions.
Founded in 2016, VSKOUT offers proprietary analytics tools, advanced data mapping capabilities, and in-depth insights into India’s commercial real estate sector, strengthening Incuspaze’s tech-led approach to workspace solutions.
Saumya Kumar and Pankaj Jain, Co-Founders of VSKOUT, emphasized that the acquisition goes beyond operational synergy. “Beyond the synergy in services, the cultural fit and aligned goals make this a seamless transition. Our teams are now co-creating a data-first future for the real estate and workspace sector,” they said.
As part of the integration, both VSKOUT co-founders will assume leadership roles within Incuspaze. Saumya Kumar will lead the GCC vertical and spearhead strategic research and data innovation, while Pankaj Jain will focus on enhancing Incuspaze’s overall technology stack, driving both revenue growth and improvements in workplace experience.
The integration process is already in motion, with complete alignment of systems, teams, and policies expected in the coming weeks. Meanwhile, VSKOUT will continue serving its existing client base independently.
