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Workspace solutions provider Incuspaze acquires VSKOUT

EntrackrEntrackr · 1d ago
Workspace solutions provider Incuspaze acquires VSKOUT
Medial

Workspace solution provider Incuspaze has acquired VSKOUT, a B2B SaaS solution offering curated data analytics for commercial real estate (CRE), in a strategic move to enhance and integrate high-tech capabilities. The deal is structured as a combination of cash and equity swap. Founded in 2016 by Saumya Kumar and Pankaj Jain, VSKOUT provides real estate data services and is known for its proprietary analytics tools, data mapping capabilities, and deep insights into India’s commercial real estate landscape. Combining Incuspaze’s expansive pan-India footprint spanning 50 locations and over 4 million sq. ft. with VSKOUT’s institutional-grade real estate intelligence, the newly merged entity is set to redefine how Global Capability Centres (GCCs) and enterprises approach growth, site selection, and strategy. According to Incuspaze, it will embed VSKOUT’s real-time property intelligence into its workspace offerings, unlocking smarter, faster, and more scalable solutions for clients across India and global capability centres (GCCs). As part of the integration, Saumya Kumar and Pankaj Jain will continue to play a leadership role within Incuspaze. Saumya will lead the GCC vertical and lead the strategic research and data innovation initiatives for the combined entity. Pankaj Jain will contribute to Incuspaze’s overall technology stack which will drive both revenue and workplace experience. VSKOUT’s proprietary data mapping and predictive analytics tools enable advanced client dashboards, occupancy forecasting, and site benchmarking tools. A dedicated roadmap is being crafted to launch white-label data solutions for developers and subscription-based insights for enterprise clients. Launched in 2016, Incuspaze has marked its presence in more than 50 locations across 18 cities with a total portfolio of 4 million sq. ft. The company’s diverse services cater to enterprises, GCCs, and large Indian corporates providing hassle-free managed office, co-working, asset leasing, design & build, and traditional workspace solutions.

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Co-working startup Incuspaze raises $8 Mn in maiden funding

EntrackrEntrackr · 11m ago
Co-working startup Incuspaze raises $8 Mn in maiden funding
Medial

Workspace solution provider Incuspaze has raised around $8 million led by the India Inflection Opportunity Fund (IIOF) and other financial institutions in its maiden funding round. This strategic investment will beef up Incuspaze’s capabilities to provide top-tier workspace solutions to enterprises, MSMEs, and startups, the company said in a statement. Incuspaze claims that it has a portfolio of 3 million square feet in 18 cities across 44 locations. The firm recently leased 220,000 square feet of space in Gurugram’s M3M Urbana project. Led by Sanjay Choudhary, the eight-year-old firm aims to expand its portfolio in southern India, with a focus on Bengaluru, Chennai and Hyderabad. PhonePe, Byju’s, Flipkart, and Girnarsoft, among others are its top clients. For the fiscal year ending in March 2023 (FY23), Incuspaze reported a more than three fold jump in its operating revenue to Rs 50 crore against Rs 14.84 crore in FY22. During FY23, it managed to cut losses to Rs 98 lakh from Rs 5 crore. Incuspaze is yet to file its annual report for the last fiscal year (FY24). According to a June 2024 report by property consultancy Colliers, the flexible office space segment across the top-6 cities in India registered its highest ever quarterly demand in the April-June period. Bengaluru and Delhi-NCR alone accounted for 65% of the overall demand. In November last year, Pantomath Financial Services Group closed its pre-IPO fund called the India Inflection Opportunity Fund (IIOF) at $60 million. While Incuspaze has not commented on its IPO plans, the strategic money from the IIOF hints at a definitive public listing roadmap as the investment firm majorly invests in IPO-bound companies. In the co-working space, Awfis became the first Indian startup to get listed on the stock exchange. Recently, another co-working startup Smartworks took a step towards potential public listing and converted itself into a public company. Entrackr exclusively reported the development in the first half of July.

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