Incuspaze, a flexible office space provider, has acquired VSKOUT, a B2B SaaS platform offering analytics solutions for commercial real estate (CRE). The acquisition—executed through a mix of cash and equity—marks a strategic step toward deepening Incuspaze’s technological foundation and creating a vertical focused on Global Capability Centres (GCCs).
Founded by Sanjay Choudhary, Incuspaze currently operates over 4 million sq. ft. of workspace across 50+ locations in 18 cities. The company provides coworking spaces, managed offices, leasing, and workspace design services. With this deal, Incuspaze signals a focused shift toward tech-enabled, data-driven workspace services.
VSKOUT, co-founded by Saumya Kumar and Pankaj Jain, is known for its proprietary tools in real estate data analytics, mapping, and occupancy forecasting. Its integration will allow Incuspaze to offer scalable solutions backed by real-time market insights.
India’s GCC segment is expected to grow significantly in the next few years, reaching USD 99–105 billion by 2030. With this trend in view, Incuspaze plans to align its offerings to meet enterprise requirements in this space.
“The acquisition brings complementary capabilities,” said Sanjay Choudhary. “We aim to provide agile and insight-led workspace solutions for both Indian and global corporations.”
Post-acquisition, the VSKOUT leadership team will join Incuspaze in strategic roles:
Saumya Kumar will lead the new GCC-focused vertical.
Pankaj Jain will oversee technology upgrades to improve personalization and efficiency.
Integration efforts across teams and platforms are currently underway.
Incuspaze plans to roll out:
White-label analytics tools for developers
Subscription-based dashboards for enterprises
Occupancy benchmarking and forecasting models
Data insights for strategic location planning
These features aim to improve decision-making for CRE stakeholders and large organizations.
The acquisition follows Incuspaze’s earlier buyout of TRIOS, a Pune-based workspace company. The company posted a net profit of INR 1.5 Cr in the last fiscal year, recovering from a loss of INR 98 Lakh the previous year. Revenue grew 77% year-on-year to INR 88.3 Cr.
Incuspaze is reportedly in discussions to raise USD 25 million in pre-IPO funding. A public offering is being considered for the upcoming year.
By acquiring VSKOUT, Incuspaze is positioning itself as a technology-focused workspace provider. This move reflects a larger industry trend where real estate firms are leveraging software tools to offer smarter, adaptive environments.
The deal is expected to support Incuspaze’s long-term goal of evolving from a space provider into an intelligence-led platform, aligning with shifts in enterprise expectations across India’s growing GCC and CRE sectors.
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