NEW DELHI: Managed workspace provider Incuspaze said it is likely to get nearly Rs 100 crore annual revenue boost with its latest acquisition of iKeva.
iKeva has a portfolio of 18 workspace centres covering 500,000 sq ft across Hyderabad and Bengaluru, which it aims to double this fiscal year.
Incuspaze has set a target of Rs 1,000 crore in revenue in FY28-29 annual revenue through a mix of expansion, increased enterprise occupancy, and acquisitions.
The acquisition of iKeva is also part of the company’s plans for a potential public listing in the next 24 to 36 months. Incuspaze didn’t provide financial details of the iKeva deal.