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Economic Times

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Image Credit: Economic Times

Incuspaze acquires Pune's Trios to expand co-working biz

  • Managed office space provider Incuspaze acquires Pune-based co-working firm Trios in a cash and stock deal.
  • The deal value was not disclosed by the company.
  • Incuspaze, established in 2016, operates in over 50 locations across 18 cities covering 40 lakh square feet.
  • Trios, founded in 2017, manages 12 co-working centres in Pune and Gurugram.
  • Incuspaze aimed at addressing the rising demand for flexible workspaces in Pune through the acquisition.
  • Sanjay Choudhary, Incuspaze's CEO, foresaw a 10-15% increase in revenue after the acquisition, targeting Rs 350-400 crore by 2025-26.
  • The acquisition is viewed as a strategic and cultural fit by Incuspaze, enhancing its regional presence and operational efficiency.
  • The founders of Trios will have extended roles in Incuspaze post-acquisition to aid in the integration process.
  • Customers from both firms can expect a seamless transition with improved services and pricing model remaining unchanged.
  • Sanjay Chatrath, Incuspaze's cofounder, emphasized the move towards creating a nationwide network of top-notch flexible workspaces.
  • FlexLeaze, a new initiative by Incuspaze, offers comprehensive office leasing solutions to businesses, led by co-founder and CEO Rahul Sarin.
  • Incuspaze ventures into fit-out lease services through FlexLeaze within its managed office space segment.

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