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Co-working space firm ​​​​IndiQube to add 30,000 seats across metros, enter tier 2 cities

Business Line  

IndiQube, a Bengaluru-based workspace management and co-working solutions provider, plans to add about 30,000 seats across key metros in the country besides foraying into tier 2 cities in the next 12-18 months. It is looking to expand its presence in 10-15 tier 2 cities including Coimbatore, Jaipur, Ahmedabad, Kolkata, Lucknow and Indore starting with an average of 500 seats in each of these cities. The company is planning its tier 2 expansion through partnerships and acquisitions of smaller operators. Started as a single property in Bengaluru in 2015, IndiQube today has 55 properties spread across 3.5 million sq ft of signed up space with a capacity of over 70,000 seats. It currently operates in six cities including Bengaluru (35 properties), Pune (10), Chennai (two), and one each in Hyderabad, Mumbai and Delhi.