Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 12 2018

Incubex NestaVera plans to invest Rs 100 crore for expansion

The raised capital will be used by the company to expand its presence in Bengaluru and enter newer cities like Hyderabad, Pune and Mumbai.

Incubex NestaVera, a leading coworking, enterprise workspace and serviced offices space provider, is planning to invest Rs 100 crore over the next two years to expand its operations and launch new products. The company is further looking to touch 1 million sq ft of co-working space over the next 18 months. 

The raised capital will be used by the company to expand its presence in Bengaluru and enter newer cities like Hyderabad, Pune and Mumbai.

Priyatosh Ranjan, Founder and CEO, Incubex NestaVera, said, "We have grown significantly in a short span and very excited about the new expansion roadmap lined up ahead of us."

Presently, Incubex NestaVera is managing 10 office spaces located at prime locations, spread over a total of 3 lakh sq ft in Bengaluru.  The firm currently has around 5,500 seats across multiple locations in Bengaluru.

"We are already EBITDA positive and generating positive returns and is targeting Rs 100 crore topline in FY 2019-20," Ranjan added.

Manas Mehrotra, Chairman of Incubex NestaVera, stated, "Co-working spaces are experiencing a high growth trajectory in India. Flexible workspaces contribute close to 13% of the office leasing in Q3 CY 18. This was around 5% last year. The model has proved for itself as the demand is from multiple end users which include multinational companies to one seater start-up."

Comment
image
Related opportunities
  • Sweetshop
    About Us:  SweetSmith was conceived as India’s first dessert boutique, with..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Established in 1939, Nathu's held position as a consistent..
    Locations looking for expansion Delhi
    Establishment year 1986
    Franchising Launch Date 2002
    Investment size Rs. 50lac - 1 Cr.
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Precious Jewellery
    About Us:   Unique Franchise opportunity with assured return of 10 %..
    Locations looking for expansion Uttar pradesh
    Establishment year 1999
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater NOIDA Uttar pradesh
  • Beauty Salons
    About Us: Pro art makeup Academy is a renowned beauty and..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities