Incuspaze, a managed office space provider, has acquired Pune-based co-working firm Trios in a cash and stock deal to expand its business.

Established in 2016, Incuspaze has a presence in more than 50 locations across 18 cities with a total portfolio of 40 lakh square feet. Founded in 2017, Trios operates 12 co-working centres in Pune and Gurugram.

Incuspaze said it has acquired Trios to tap the growing demand for flexible workspaces in Pune.

In a 100 per cent acquisition with a cash and stock deal, the topline revenue will be up by 10-15 per cent, contributing towards Incuspaze's target of Rs 350-400 crore revenue for 2025-26.

Incuspaze founder and CEO Sanjay Choudhary says, "This acquisition will not only expand our regional footprint but also drive cost efficiencies and customer experience standardisation across all locations. We see Trios as a natural cultural and strategic fit".

Post-acquisition, the founders of Trios will continue to be associated with Incuspaze in expanded roles, supporting the integration process.

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Customers from both companies can expect a seamless transition with enhanced offerings and no changes to pricing or service models.

Sanjay Chatrath, cofounder & Managing Partner of Incuspaze, said, "This acquisition marks a pivotal step in our journey to build a pan-India network of high-quality, flexible workspaces".

Recently, Incuspaze has set up a new company FlexLeaze to provide end-to-end office leasing solutions to corporates. It has appointed Rahul Sarin as co-founder and CEO of FlexLeaze.

Through this new business vertical, Incuspaze steps into the fit-out lease services segment within managed office spaces.

Furthermore, Incuspaze has named Mayank Kaushik as Chief Operating Officer (COO) and Kapil Poddar as Chief Financial Officer (CFO). These leadership appointments arrive at a crucial moment, as the company accelerates its expansion efforts throughout Tier 1 and Tier 2 cities.

With a strategic plan to establish 100 centers by 2027, Incuspaze is enhancing its operations, augmenting its leasing portfolio, with an increasing emphasis on fit-out leasing and improving service delivery across all interactions. The recent appointments are a vital move towards improving operational efficiency, financial oversight, and long-term stability.

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Mayank Kaushik brings more than 16 years of leadership experience in the real estate and hospitality industries. His expertise includes P&L management, consulting, fundraising and investments, operations, and strategic planning. As COO at Incuspaze, he will manage Procurement, IT Infrastructure, Facilities Management – Operations, Food & Beverage, Design & Build, and Client Relationship Management.

Kapil Poddar, who possesses over 20 years of experience and has worked across various B2B and B2C companies, will spearhead the financial strategy, capital allocation, and fundraising initiatives to support the company’s expansion objectives and prepare for an upcoming IPO.