Acquisition · Enterprise Software & IT

Incuspaze buys iKeva to boost workspace portfolio

What they do

Incuspaze acquired 100% stake in iKeva, adding 5 lakh sq ft across 18 centres in Hyderabad and Bengaluru

The acquisition adds ~₹100 Cr to annual revenue, supporting a ₹1,000 Cr target by FY29

Incuspaze plans a potential IPO within 24–36 months, driven by GCC and MNC demand

Incuspaze has acquired iKeva in a 100% stake buyout.
The financial details of the transaction remain undisclosed.
This acquisition adds approximately ₹100 Cr to Incuspaze's annual revenue.
Incuspaze gains 5 Lakh sq ft of office space across 18 centres.
The new assets are located primarily in Hyderabad and Bengaluru.
Incuspaze plans to add another 5 Lakh sq ft of office space in FY27.
The company aims to reach ₹1,000 Cr in revenue by FY29.
A potential IPO (Initial Public Offering) is targeted within the next 24–36 months.

Incuspaze operates over 50 locations across 18 cities.
Its total portfolio exceeds 40 Lakh sq ft of workspace.
Services include managed offices, coworking spaces, and design-and-build solutions.
The company also provides asset leasing and enterprise workspace solutions.
iKeva was founded in 2012 and is headquartered in Hyderabad.
iKeva offers flexible offices, virtual offices, and meeting rooms.
Incuspaze previously acquired TRIOS in June 2025 via cash-and-stock.
It also acquired VSKOUT in July 2025 for its GCC vertical.

Product: Managed offices, coworking spaces, enterprise leasing, and design and build solutions
Customers: Enterprises, startups and professionals seeking flexible workspace solutions
How it makes money: B2B - managed workspace and flexible office solutions with technology platform
What sets it apart: Consolidated managed workspace platform with 80+ centres across 18 cities and tech-enabled operations