Workplace Solutions Company IndiQube, Surpasses 100 Properties Milestone
01 Nov 2024
Workplace solutions company, IndiQube has surpassed the 100 properties milestone. The company that started nine years ago with a single property in Bengaluru has now expanded across 14 cities and caters to 700+ clients. Today, the company has a portfolio of over 7.2 million square feet with presence across major tier I cities including Bengaluru, Pune, Chennai, Hyderabad, Mumbai, Gurgaon and Noida. Also, post pandemic the company has made its foray into tier II cities including Coimbatore, Jaipur, Madurai, Kochi, Vijayawada, Calicut and Mohali. In Bengaluru, IndiQube has 59 properties covering over 4.5 million square feet. Chennai follows with 14 properties spanning over 1 million square feet, and Pune with 11 properties across nearly 750,000 square feet. Notably, Coimbatore has emerged as a key market with around 270,000 square feet across three properties. The company takes a micro market specific approach establishing 1-2 large centres in key micro-markets and complements them with smaller centres to ensure reach and accessibility to enterprises.
Reflecting on the company’s growth, Rishi Das, Co-founder of IndiQube, said, “We have come a long way from being a managed office space provider in 2015 to becoming a one-stop workplace solutions company catering to needs of GCCs, Indian Enterprises, Unicorns and startups.”
Co-founder Meghna Agarwal added, “Post-pandemic, we’ve noticed a shift in the way work is evolving. Work is now moving towards talent, and enterprises are increasingly adopting a distributed network of offices to accommodate hybrid workstyles.”
Sandeep Singhal, Co- Founder and Managing Partner at WestBridge Capital, a key investor in IndiQube said, “This is a significant milestone in IndiQube’s journey, and we are excited about their growth and ability to devise innovative approaches to keep pace with the ever-evolving workplace requirements. We are committed to supporting the Company and their initiatives to potentially transform traditional workplaces to more technologically advanced and sustainable ones across India."
IndiQube is one of India’s leading workspace solutions companies with a PAN India portfolio of over 7.2 million sq.ft. spread across 100+ properties in 14 cities. The company is founded by Rishi Das and Meghna Agarwal and counts WestBridge Capital and Angel investor Ashish Gupta among its key investors. Fortune 500’s like Philips, Samsung, UPS and Siemens; Unicorns like Glean, Tata Digital, upGrad, Slice and Perfios; Thriving startups like Myntra, ninjacart and Juspay along with Indian enterprises like Air India, Ultratech Cement, Mahindra Logistics, Narayana Health and Motherson Technologies trust IndiQube as their preferred workspace partner. IndiQube has also recently received a CRISIL A+ rating.