Coworking Space Startup Incuspaze Bags $8 Mn From India Inflection Opportunity Fund, Others

Coworking space startup Incuspaze has bagged $8 Mn (around INR 67 Cr) in its maiden funding round led by India Inflection Opportunity Fund and other financial institutions.

CEO Sanjay Choudhary said that the infusion will help the company in boosting its capabilities to provide top-tier workspace solutions tailored to enterprises, MSMEs and startups. 

The capital raised will be deployed into the expansion of its flexible workspaces network, while also enhancing its technological infrastructure, Incuspaze said in a statement.

Managed by Madhu Lunawat, IIOF has invested in eight potential companies including Nurture Well Foods, Vardhman Group, MKC Agro Fresh among others.

Economic Times reported on the development first.

Founded by Choudhary in 2016, Incuspaze offers a coworking space for professionals and companies across India. The company claims to own a network of over 33 workspaces in various cities in the country.

The workspace is occupied by known labels such as PhonePe, Flipkart, Health Prime and others.

Among the other well-known startups occupying its workspace, the troubled edtech giant BYJU’S was also its client. However, its employees at the Incuspaze co-working space in Gurugram were reportedly asked to evacuate the premises in November 2023, due to non-payment of rent.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.