Flexible workspace provider Incuspaze raised $8 million (₹67 crore) in its first funding round, led by the India Inflection Opportunity Fund (IIOF) and other financial institutions. The IIOF specializes in late-stage venture capital investments, focusing on companies ready for pre-IPO stages with clear stock market listing strategies.
Incuspaze has a 3 million square feet portfolio 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 of Incuspaze. It recently leased 220,000 square feet of space in Gurugram’s M3M Urbana project on Golf Course Extension Road.
This funding round follows the leasing of 600,000 sq ft of space by Incuspaze in the June quarter across three cities as the flexible workspace provider continues to grow amid rising demand.
