Incuspaze Expands Nationally with Trios Acquisition, Eyes ₹400 Cr Revenue

Incuspaze Expands Nationally with Trios Acquisition, Eyes ₹400 Cr Revenue

A Bold Leap in India’s Flexible Workspace Market

Incuspaze, a leading managed workspace provider, has taken a decisive step toward national dominance by acquiring Pune-based co-working firm Trios in a cash and stock deal. This 100% buyout, while not disclosing specific financial terms, marks a strategic move to bolster Incuspaze’s regional presence in Pune and fortify its reputation as a full-stack workspace provider for multinational corporations and global capability centers (GCCs).

Unlocking Synergies and Growth

The integration of Trios is expected to drive a 10–15% increase in topline revenue, propelling Incuspaze closer to its ambitious target of ₹350–400 crore for FY 2025–26. Sanjay Choudhary, Founder and CEO of Incuspaze, highlighted the acquisition’s potential to expand the company’s regional footprint, improve cost efficiency, and standardize service quality across all locations. He emphasized that Trios’ technology capabilities and culture align seamlessly with Incuspaze’s vision for an enhanced workplace experience.

Building a Pan-India Network

Sanjay Chatrath, Co-founder and Managing Partner at Incuspaze, described the acquisition as a pivotal milestone in the company’s journey to establish a nationwide network of flexible workspaces. Trios’ established presence in Pune’s commercial hubs, along with its client base and operational infrastructure, offers valuable synergies for Incuspaze’s broader national strategy, particularly in operations, technology, and customer service.

A Smooth Transition and Future Plans

• Trios’ founding team remains involved post-acquisition
• Incuspaze now operates over 50 locations across 18 cities
• Portfolio covers approximately 4 million square feet
• Plans to accelerate growth in Tier-1 and Tier-2 cities

The founding team of Trios will remain involved post-acquisition, ensuring a seamless transition and supporting long-term integration. This move expands Incuspaze’s portfolio to over 50 locations across 18 cities, covering approximately 4 million square feet. The company now plans to accelerate its growth in Tier-1 cities and emerging Tier-2 markets through a dual strategy of mergers and acquisitions (M&A) alongside greenfield expansion.

Investing in the Future

Incuspaze has previously announced plans to invest ₹100 crore to add 2 million square feet of new space by the end of 2025. The acquisition of Trios aligns perfectly with this growth plan, strengthening Incuspaze’s appeal to large corporate tenants seeking high-standard managed office infrastructure.

Meeting the Demands of a Changing Market

Founded in 2016, Incuspaze now operates across major metros—including Delhi-NCR, Mumbai, Bengaluru, Hyderabad, and Pune—while also expanding into Tier-2 cities like Indore, Kochi, and Lucknow. The company’s offerings cater to both enterprise clients and startups, providing everything from private suites and custom-built offices to managed enterprise campuses.

A Thriving Sector with Ambitious Horizons

The acquisition comes amid renewed demand in India’s flexible workspace sector, driven by hybrid work models, cost optimization, and increased adoption by large enterprises. Industry experts anticipate continued M&A activity as operators consolidate capacities and deliver consistent service across distributed teams. Incuspaze’s strategic moves also support its preparations for a potential IPO within the next 24–36 months, with strengthened revenue, scale, and investor confidence.