Managed workspace provider Incuspaze acquires iKeva
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Kinjal Rajpurohit
- June 8, 2026
Managed workspace provider Incuspaze has acquired workspace operator iKeva through a 100% buyout deal, strengthening its footprint in southern India, particularly in Hyderabad and Bengaluru.
The company said the acquisition is expected to contribute nearly Rs 100 crore in revenue and support its target of achieving Rs 1,000 crore in revenue by FY29 through a combination of organic expansion, higher enterprise occupancy, and strategic acquisitions.
As part of the transaction, Incuspaze will add iKeva’s portfolio of 5 lakh sq. ft. across 18 centres in Hyderabad and Bengaluru. The company also plans to add another 5 lakh sq. ft. of office space during FY27. Incuspaze expects the integration to generate revenue synergies, improve operational efficiencies, enhance technology capabilities, and standardize service delivery across locations. The deal also supports the company’s plans to pursue an IPO over the next 24–36 months.
Industry estimates indicate that Global Capability Centres (GCCs) could account for nearly 40% of India’s office space demand in the coming years, with Hyderabad and Bengaluru remaining key hubs for multinational companies expanding their presence in the country.
The acquisition follows Incuspaze’s earlier purchases of TRIOS and VSKOUT, which helped expand its operational footprint and strengthen its technology and market intelligence capabilities. More recently, the company expanded its presence in western India through the acquisition of Million Minds at GIFT City, Gujarat.
Founded in 2016, Incuspaze operates more than 50 locations across 18 cities and manages a portfolio exceeding 4 million sq. ft. The company offers managed offices, coworking spaces, enterprise workspace solutions, design-and-build services, and customized office solutions for businesses across industries.
FAQs
1. What company has Incuspaze acquired?
Incuspaze has acquired workspace operator iKeva through a 100% buyout transaction.
2. How much office space does iKeva add to Incuspaze’s portfolio?
The acquisition adds 5 lakh sq. ft. of workspace across 18 centres in Hyderabad and Bengaluru.
3. How will the acquisition impact Incuspaze’s revenue goals?
The company expects the deal to contribute nearly Rs 100 crore in revenue and support its target of reaching Rs 1,000 crore in revenue by FY29.
4. Why are Hyderabad and Bengaluru important for Incuspaze?
Both cities are major hubs for Global Capability Centres (GCCs) and continue to attract multinational companies expanding their operations in India.
5. What services does Incuspaze provide?
Incuspaze offers managed offices, coworking spaces, enterprise workspace solutions, design-and-build services, and customized office solutions across India.
