News · Professional & Local Services
IndiQube leases 1,300 seats to audio platform
By Startup Enthusiast ·

- Date
- Company
- IndiQube
- What it does
- Managed workspace platform for tech companies
- Kind
- News
- Amount
- Rs 68 crore
- Based in
- Bengaluru
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
More on IndiQube
- IndiQube posts Q1 revenue of Rs 428 crore18 August 2026 · Results
- Airtel user builds satirical site mocking customer support31 March 2026 · News
- Apple talks banks to launch Apple Pay in India27 February 2026 · Launch
- IndiQube Q3 profit jumps 214% to ₹40 crore10 February 2026 · Results
- IndiQube launches new office in Bhubaneswar13 January 2026 · Launch
- IndiQube signs 10-year lease with BlackRock for Rs 410 crore16 September 2025 · Launch · Rs 410 crore
- IndiQube gets SEBI approval for ₹850 crore IPO1 April 2025 · IPO · ₹850 crore
- IndiQube files DRHP for ₹850 crore IPO24 December 2024 · IPO · ₹850 crore
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