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Launch · Professional & Local Services

IndiQube signs ₹52 Cr workspace deal with Japanese e-commerce firm

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IndiQube Spaces logo
Date
Company
IndiQube Spaces
What it does
Tech-enabled workspace solutions provider
Kind
Launch
Amount
₹52 Cr
Based in
Bengaluru
Sector
Professional & Local Services

What they do

IndiQube provides tech-enabled flexible workspaces for startups, enterprises, and Global Capability Centers

What happened

It signed a five-year, ₹52 crore agreement with a Japanese e-commerce giant for 35,000 sq. ft. in Bengaluru

Why it matters

The deal comes as India's flex office market crosses 100 million sq. ft. with Bengaluru a key hub

The details

  • IndiQube signed a ₹52 crore workspace agreement with a Japanese e-commerce giant.
  • The deal covers approximately 35,000 sq. ft. at Outer Ring Road, Bengaluru.
  • The workspace will support the client's India operations for a five-year tenure.
  • Separately, promoter group member Ashu Agarwal bought 1,14,751 equity shares between 16 Feb and 16 Mar 2026.
  • The share purchase was disclosed voluntarily to stock exchanges on 17 March 2026.
  • Co-founders Rishi Das and Meghna Agarwal commented on global e-commerce growth and enterprise needs.

The bigger picture

  • India's flex office market crossed 100 million sq. ft., showing strong demand for managed workspaces.
  • Bengaluru remains one of India's strongest office markets, making it a key location for such deals.
  • The deal highlights growing interest from global e-commerce firms in Indian office space.

About the business

  • IndiQube is a tech-enabled workspace solutions provider, branded as 'The Workplace Co.'
  • Its platform streamlines facility bookings and HR management.
  • MiQube™ is an integrated technology suite for operations.
  • IndiQube Grow™ offers flexible workspaces for scaling businesses.
  • DesignQube™ provides personalised workplace design and build services.
  • IndiQare™ delivers a-la-carte services and technology for workspace management.
  • IndiQube Eco™ focuses on sustainability-driven workspace transformation.
  • Target segments include startups, Global Capability Centers, solopreneurs, and enterprises.

What happens next

  • IndiQube will deliver the workspace to the Japanese e-commerce client in Bengaluru.

The deal

Type
Workspace agreement

Founders

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

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