Incuspaze, a flexible office solutions provider, has acquired TRIOS, a Pune-based coworking operator in a cash and stock deal.
Founded in 2017 by Pratik Kishor Potnis and Tejasa Pratik Potnis, TRIOS operates coworking centres across key micro-markets in Pune, managing a portfolio of 1.5 lakh sq. ft. managing 12 centres in Pune and Gurgaon. With over 125 clientele, the company has established a strong presence in prime locations including Kalyani Nagar, Baner, and Hinjewadi. Trios caters to a diverse mix of MNCs, GCCs, and MSMEs, offering a range of flexible workspace solutions tailored to evolving business needs.
In a 100% acquisition with a cash and stock deal, the topline revenue will be up by 10–15%, contributing towards Incuspaze’s target of ₹350-400 crore revenue for FY25–26.
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.
With the acquisition of TRIOS, Incuspaze strengthens its footprint in the high-demand Pune market, aligning with its ambition to become a full-stack workspace provider for MNCs and Global Capability Centers (GCCs) in all the preferred GCC locations.
Sanjay Choudhary, Founder & CEO, Incuspaze, said, “This acquisition will not only expand our regional footprint but also drive cost efficiencies and customer experience standardization across all locations. We see Trios as a natural cultural and strategic fit. Their tech capabiites will add strengthen Incuspaze tech roadmap for workplace experience.”
Sanjay Chatrath, Co-founder & Managing Partner said, “This acquisition marks a pivotal step in our journey to build a PAN-India network of high-quality, flexible workspaces. Trios’ stronghold in Pune complements our national expansion strategy, and this partnership will unlock synergies across operations, technology, and customer experience.”
Pratik Potnis, Co-Founder, TRIOS, said, “We are bringing together two complementary businesses that share the same values and vision. With this move, we aim to enhance the overall value proposition for our customers while expanding into new micro-markets in India. Incusapze’s IPO plans will enable our path towards wealth creation and broader vision for mid-size coworking players like us.”
Founded in 2016, Incuspaze is a workspace provider with a presence in 50+ locations across 18 cities with a total portfolio of 4 Mn. sq. ft. Incuspaze has added about 1.5 Mn sq. ft. in the last 12 months and is now focussing on catering to Global Capability Centres (GCC) and MNC.
Incuspaze is also planning for an IPO within the next 24 to 36 months.
