Incuspaze Expands with Trios Acquisition

Incuspaze, a managed office space provider, has successfully acquired Trios, a Pune-based co-working firm, through a combination of cash and stock. The specifics of the deal were not disclosed.

About Incuspaze and Trios

Established in 2016, Incuspaze boasts a presence across over 50 locations in 18 cities, encompassing a portfolio of 4 million square feet. Trios, which was founded in 2017, operates 12 co-working centres located in Pune and Gurugram.

Strategic Growth through Acquisition

According to Incuspaze, the acquisition of Trios aims to cater to the rising demand for flexible workspaces in Pune. This 100% acquisition is expected to enhance topline revenue by 10 to 15%, assisting Incuspaze in its aim to achieve revenues of Rs 350 to 400 crore by 2025-26.

Benefits of the Acquisition

Incuspaze envisions that this acquisition will not only broaden its regional reach but also create cost efficiencies while standardising the customer experience across all locations. The company considers Trios to be an ideal cultural and strategic match. This acquisition represents a crucial step in its initiative to establish a nationwide network of high-quality, flexible workspaces.

New Business Initiatives

In a related development, Incuspaze has launched a new entity called FlexLeaze, aimed at offering comprehensive office leasing solutions tailored for corporations. Rahul Sarin has been appointed as the co-founder and CEO of FlexLeaze.

Focus on Fit-Out Lease Services

This new business venture marks Incuspaze’s entry into the fit-out lease services segment within the realm of managed office spaces.