Incuspaze
Gurugram-based flexible workspace provider founded in 2016 that runs more than 80 managed office and coworking properties across India for enterprises and global capability centres.
Industry: Managed office and coworking space | Location: Gurugram, India | Founded: 2016 | Total Funding: USD 23.9M
About Incuspaze
Incuspaze is an Indian flexible workspace provider headquartered in Gurugram, Haryana. It offers managed offices, coworking space, private and traditional office leases, enterprise workspace solutions, design and build services, and an asset leasing model branded FlexLeaze. Its website lists more than 80 properties across 18 or more cities, over four million square feet of space and more than 500 active clients, and it targets enterprises and global capability centres.
Sanjay Choudhary and Sanjay Chatrath founded the company in 2016, according to Inc42. Incuspaze says it began with three coworking spaces in North and West India, expanded into South India in 2019 and launched an enterprise vertical in 2020. Choudhary is founder and chief executive and Chatrath is co-founder and managing partner. The website lists Amit Ghoshal as managing director for enterprise, Kapil Poddar as chief financial officer and Saumya Kumar as head of GCC advisory.
The company's website lists the cities of Bengaluru, Chennai, Mumbai, Hyderabad, Pune, Ahmedabad, Gurugram, Noida, Jaipur, Kochi, Lucknow, Trivandrum, Vadodara, Bhubaneswar and Indore. Its awards include the FlexiCon India Gold award for Best Managed Office Brand in 2024 and RealtyPlus Managed Office Icon of the Year in 2025.
Incuspaze acquired Pune coworking operator TRIOS in June 2025 in a cash-and-stock deal and the real estate software platform VSKOUT about a month later, Inc42 reported. In June 2026 it bought all of Hyderabad-based iKeva, which Deccan Chronicle said added 18 centres and more than five lakh square feet in Hyderabad and Bengaluru. Financial terms were not disclosed.
Inc42 reported that Incuspaze raised about 8 million dollars in 2024 in a round led by India Inflection Opportunity Fund. On 29 June 2026 it announced 150 crore rupees, about 15.9 million dollars, in a round led by Bharat Value Fund with other financial institutions. The company said the money would fund expansion, technology and acquisitions ahead of a listing planned for the 2028-29 financial year. It has set a target of 1,000 crore rupees in annual revenue within three years.
Leadership
- Sanjay Choudhary, Founder and Chief Executive Officer
- Sanjay Chatrath, Co-founder and Managing Partner
- Amit Ghoshal, Managing Director, Enterprise
- Kapil Poddar, Chief Financial Officer
- Saumya Kumar, Head of GCC Advisory
- Pankaj Jain, Director, IT and Innovation
- Pratik Potnis, Head, Co-working
- Anuj Arora, Head of Operations