Incuspaze, a chain of premium co-working spaces, is planning to have 35 centres, covering 1 Million Sq ft area in the coming year.
Within a short span of time, Incuspaze has established a significant mark in the co-working industry and in over 2 years from 2000 sq ft to now 2 lac sq ft and is all set to reach 1 Million sqft. As a leading player in the industry, Incuspaze looks forward at building 15000+ seats in India in the coming years.
The company aims to develop a trusted network of co-working spaces across 30 Indian and a few international locations by 2022. It also intends to reach a milestone of 100,000 members by then.
Incuspaze started its operations in the year 2017 and has twelve centres all over India including tier I and II cities. The new aged workspace environment and over the top facilities offered by Incuspaze has facilitated the brand’s rapid expansion in cities like Mumbai, Delhi, Lucknow, Indore, Gurgaon and Kochi.
Incuspaze recently appointed Mohit Srivastava as COO
Incuspaze has recently announced the appointment of Mohit Srivastava as its Chief Operating Officer (COO). With over 19 years of experience in building and scaling businesses, Mohit would be instrumental in furthering Incuspaze’s growth in the Indian subcontinent.
Sanjay Choudhary, Founder and CEO, Incuspaze, said, “With 2020 upon us, it is an opportune time for Incuspaze to scale further and continue creating a niche for itself. The last 6 months have been very exciting for us, where we have doubled our revenue, achieved profitability and increased our footprint from 5 cities to 10 cities. We are now all geared up for a 5x growth in the coming financial year and reach 2 million square feet of managed real estate.”
“Given our differentiated offering and razor focus on building a profitable business, investor interest for our series A has also been quite positive and we are continuously having dialogues with potential investors to close a round in the calendar year. Mohit’s reputation for execution and achieving results precedes him, and I am sure his addition to the leadership team will contribute towards the growth of the company and ensure operational excellence. Mohit will also be spearheading our key initiative of Search – Build – Manage which is aimed at providing Enterprise Managed Workspace solutions across the country to large corporate,” he added.
Mohit is a thought leader in the travel, hospitality and technology space, with expertise in developing growth tactics and strategy. In his previous capacity, Mohit served as the Managing Director at Airbnb where his focus was to launch and grow the entity in the Indian Sub-continent and UAE. He was also a part of the early founding team at MakeMyTrip. Adding to his achievements over the years, Mohit played a crucial role in launching and building OYO Homes and OYO Asset Management, which aided the company in raising funds worth $250 million.
Mohit Srivastava, COO of Incuspaze, stated, “I am excited about the prospects of Incuspaze and look forward to working with the team. In the last 3 years, Incuspaze has laid down a strong foundation and has created immense value for its existing member base. The team has constantly innovated and has built a differentiated product offering which has enabled them to attract large marquee corporates such as Byju’s, Flipkart, NBHC, Phone Pe, etc to its portfolio. The year 2020 is going to be an exciting year for Incuspaze, especially within the enterprise managed workspace vertical and I look forward to helping the team scale to even greater heights.”
Mohit was serving as the Vice President for the Corporate Vertical at Yatra.com, prior to joining Incuspaze, where he led the business P&L, sales and growth portfolio.
