IndiQube to buy 49% of SaiEdge Realty
By Abha Lohia ·
IndiQube: revenue, valuation and funding and every story →
- IndiQube runs managed and flexible office spaces for companies, and is listed on the stock exchanges after growing out of Bengaluru
- Its board cleared putting up to ₹35 crore into SaiEdge Realty for a 49% holding, paid in one or more tranches through shares or convertible securities
- SaiEdge was set up in 2026 to build commercial offices and has not started operations yet, so it has no turnover to report
What happened
- IndiQube's board approved up to ₹35 crore in SaiEdge Realty.
- Funds go toward 49% of the company, counting all potential shares.
- Payment can come in several tranches via equity or convertible securities.
- SaiEdge was incorporated in 2026 and builds commercial office space.
- Other investors will hold the remaining shares.
Why it matters
- Gives IndiQube a stake in new office supply it may later operate.
- Shows the company expanding its asset pipeline while losses narrow.
- The target has no revenue yet, so the bet is on future projects.
The business
- IndiQube provides managed and flexible workspaces.
- It serves companies that want ready offices without long leases.
- Revenue from operations rose about 37% to ₹423 crore in the first quarter of FY27.
- Losses narrowed to roughly ₹23.9 crore from ₹36.8 crore a year earlier.
The founders
In numbers
₹423 CrQ1 FY27 operating revenue · 2026
What happens next
- Shareholder and filing steps for the stake purchase.
Words to know
- Fully diluted basis
- Counting all shares that could exist if convertible securities turned into equity.
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