Incuspaze, a provider of managed office spaces, has acquired the Pune-based co-working firm Trios in a cash-and-stock transaction to enhance its business footprint.
The specifics of the deal have not been disclosed.
Founded in 2016, Incuspaze currently operates in over 50 locations across 18 cities, with a total portfolio covering 4 million square feet. Trios, established in 2017, runs 12 co-working centers in Pune and Gurugram.
In a statement released on Monday, Incuspaze indicated that the acquisition of Trios is a strategic move to meet the increasing demand for flexible workspaces in Pune.
“This complete acquisition, executed through a cash-and-stock arrangement, is expected to boost our topline revenue by 10-15 percent, contributing to our target of INR 350-400 crore in revenue for the fiscal year 2025-26,” the statement noted.
Incuspaze’s founder and CEO, Sanjay Choudhary, stated, “This acquisition will not only broaden our regional presence but also enhance cost efficiencies and standardize customer experiences across all locations. We believe Trios aligns with our cultural and strategic vision.”
Post-acquisition, the founders of Trios will remain involved with Incuspaze in expanded roles, facilitating the integration process.
Clients from both firms can anticipate a smooth transition with improved offerings and unchanged pricing or service models.
Sanjay Chatrath, co-founder and Managing Partner of Incuspaze, remarked, “This acquisition represents a crucial leap in our mission to establish a pan-India network of high-quality, flexible workspaces.”
Recently, Incuspaze launched a new venture called FlexLeaze, which will offer comprehensive office leasing solutions to corporate clients. Rahul Sarin has been appointed as the co-founder and CEO of FlexLeaze.
This new business line allows Incuspaze to expand into the fit-out lease services market within the managed office sector.
