Latest news with #Trios
Hindustan Times
25-06-2025
- Business
- Hindustan Times
Incuspaze acquires Pune's Trios to expand coworking biz, targets ₹350-400 crore
Managed office space provider, Incuspaze, has acquired Pune-based co-working firm Trios in a cash and stock deal to expand its business, the company said. The company did not mention the deal value. Managed office space provider, Incuspaze, has acquired Pune-based co-working firm Trios in a cash and stock deal to expand its business. (Representational Image)(Incuspaze) With the acquisition of TRIOS, Incuspaze strengthens its footprint in the Pune market, aligning with its ambition to become a full-stack workspace provider for MNCs and Global Capability Centers (GCCs). "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 ₹ 350-400 crore revenue for 2025–26," the company said. "The integration is expected to unlock substantial value through revenue synergies, advanced technology capabilities, operational efficiencies, and the standardization of services across all locations. This move is also a strategic step as Incuspaze prepares for a potential IPO within the next 24 to 36 months," the company said. Also Read: Incuspaze to invest ₹ 100 crore to add 2 million square feet by 2025-end 'This acquisition will not only expand our regional footprint but also drive cost efficiencies and customer experience standardization across all locations,' said Sanjay Choudhary, Founder and CEO of Incuspaze. 'TRIOS is a natural strategic and cultural fit, and their tech capabilities will enhance our roadmap for elevating workplace experiences.' The integration is expected to bring substantial value through operational efficiencies, enhanced technology platforms, and uniform service standards across locations. Importantly, TRIOS' founding team will continue to play an active role post-acquisition, aiding in a smooth transition and integration process. Sanjay Chatrath, Co-founder and Managing Partner at Incuspaze, described the acquisition as a 'pivotal step' toward building a PAN-India network of flexible workspaces. 'TRIOS' stronghold in Pune complements our national strategy and will unlock synergies across operations, technology, and customer experience,' he noted. The TRIOS acquisition takes Incuspaze's portfolio to over 50 locations in more than 18 cities across India. The company is now focused on accelerating its expansion across both Tier-1 and emerging Tier-2 markets through a combination of strategic M&A and greenfield growth. Established in 2016, Incuspaze has a presence in over 50 locations across 18 cities with a total portfolio of 4 million sq ft.
Entrepreneur
24-06-2025
- Business
- Entrepreneur
Incuspaze Acquires Trios to Strengthen Flexible Workspace Presence
The acquisition strengthens Incuspaze's presence in the Pune region, which it sees as a key market with rising demand for flexible offices. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Managed office space provider Incuspaze has acquired Pune-based co-working firm Trios in a cash and stock deal, aiming to expand its footprint in the flexible workspace market. While the financial terms were not disclosed, the 100% acquisition is expected to boost Incuspaze's revenue by 10–15%, contributing to its 2025–26 target of INR 350–400 crore. Founded in 2016, Incuspaze currently operates across more than 50 locations in 18 cities, managing a total area of 40 lakh square feet. Trios, launched in 2017, runs 12 co-working centres in Pune and Gurugram. The acquisition strengthens Incuspaze's presence in the Pune region, which it sees as a key market with rising demand for flexible offices. According to Incuspaze, the move will help improve operational efficiency, standardise customer experience, and expand its reach across India. The company considers Trios a strong cultural and strategic fit. In a related development, Incuspaze recently launched a new company, FlexLeaze, to offer end-to-end office leasing solutions. Rahul Sarin has been appointed as its co-founder and CEO. With FlexLeaze, Incuspaze has also entered the fit-out lease services segment, further diversifying its offerings in the managed office space sector.
Time of India
24-06-2025
- Business
- Time of India
Incuspaze acquires Pune's Trios to expand co-working business
Incuspaze , a managed office space provider, has acquired Pune-based co-working firm Trios in a cash and stock deal to expand its business. The company did not mention the deal value. 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. In a statement on Monday, 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," it added. Incuspaze founder and CEO Sanjay Choudhary said, "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. 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.
Time of India
23-06-2025
- Business
- Time of India
Incuspaze acquires Trios ahead of $25 million pre-IPO fundraising
Flexible workspace provider Incuspaze has acquired Pune-based smaller rival Trios ahead of a $25 million (about Rs 215 crore) planned pre-IPO fundraising , its founder said. He did not disclose the financial terms of the acquisition, but said Trios would add Rs 20-25 crore in annual revenue to the company's portfolio. Gurugram-based Incuspaze is preparing for a public listing in two-three years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo The company, which had last year secured $8 million in funding, is expected to close the $25 million pre-IPO round within a few months 'The founders of Trios will remain with us and will be given Esops ( employee stock options ). We are looking for an IPO in 24-36 months, which will create wealth for founders,' said Choudhary, who is also its chief executive. '…we are looking for more acquisitions and should complete at least two by December this year,' he said. Live Events Incuspaze is targeting Rs 350-400 crore in revenue in FY25–26 compared to Rs 150 crore in FY25, he said, banking on acquisitions and an expected increase in leased space to drive revenue growth. Trios has 10 centres in Pune and two in Gurugram . The acquisition will help Incuspaze, which recently leased 100,000 sq ft in Pune, to expand its presence in the city. Founded in 2017, Trios manages a portfolio of 150,000 sq ft. Growing demand for flexible workspaces in India is driving companies in the sector to pursue aggressive expansion plans. This is also leading to a wave of IPOs to raise funds. The demand for flexible workspaces is primarily driven by organisations focused on using their capital more efficiently and adopting hybrid and distributed work models effectively. There are more than 440 flexible workspace operators in India and the top 10 operators (by portfolio size) account for almost 60% of the total flexible workspace stock
