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News · Professional & Local Services

IndiQube leases 1,300 seats to audio platform

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IndiQube logo
Date
Company
IndiQube
What it does
Managed workspace platform for tech companies
Kind
News
Amount
Rs 68 crore
Based in
Bengaluru
Sector
Professional & Local Services

What they do

IndiQube provides managed office spaces, coworking, and design-build services for startups and unicorns

What happened

It leased nearly 1,300 seats at its Bengaluru tech park to a global audio series platform for about Rs 68 crore

Why it matters

The client initially used IndiQube's Koramangala facility and is now moving to the Outer Ring Road tech park

The details

  • IndiQube leased nearly 1,300 seats at its premium tech park on Bengaluru Outer Ring Road.
  • The client is a global audio series platform.
  • The deal value is approximately Rs 68 crore.
  • The client initially scaled out of IndiQube's Koramangala facility and is now moving to the ORR tech park.
  • IndiQube is an integrated managed spaces platform for fast-scaling tech companies, startups and unicorns.
  • Startups and unicorns make up nearly a quarter of IndiQube's overall occupancy.
  • More than 50 unicorns have chosen IndiQube as their workspace partner.

The bigger picture

  • The deal adds to IndiQube's strong financial performance in Q1 FY27.
  • IndiQube reported its highest-ever quarterly revenue of Rs 428 crore in Q1 FY27, up 37% year-on-year.
  • Its EBITDA margin stood at 20% and PAT margin at 8% in the same quarter.

About the business

  • IndiQube offers managed office spaces, coworking, design-build, sustainability (IndiQube Eco), tech suite (MiQube), and services (IndiQare).
  • IndiQube positions itself as a long-term Total Workspace Outsourcing partner for startups and unicorns.
  • Startups and unicorns constitute nearly a quarter of IndiQube's overall occupancy.
  • More than 50 unicorns have chosen IndiQube as their workspace partner.

The deal

Type
lease

Founders

  • Rishi Das, Co-founder
  • Meghna Agarwal, Co-founder

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