Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 plans to invest Rs 100 crore for expansion

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."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Hospitals
    About Us: Within a short but dynamic span of 8 years,..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Online Food Ordering Services
    Since 1989, Patel’s Chhappanbhog Is A Well Established Food Brand..
    Locations looking for expansion Haryana
    Establishment year 1989
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Sports & Gaming
    We are a team of young Sport-Enthusiasts who wants to..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2013
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bhopal Madhya Pradesh
  • Healthcare Products
    About Us: Onelife Live It Right was incepted and successfully launched..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities