IndiQube Drives India's Flex Space Shift to Enterprises

India’s flexible workspace sector is undergoing a structural transformation as enterprise adoption accelerates. A leader in this evolution is IndiQube, which now derives 63% of its occupied space from large corporate clients, including Global Capability Centers (GCCs) that account for 44% of its client base.

This shift moves the sector far beyond its early startup-focused identity. Major firms like Amazon and Starbucks are increasingly integrating flexible offices into long-term strategy, driving IndiQube’s total income to Rs. 1,103 crore in FY25 with an impressive 86.5 percent occupancy rate at stabilized centers.

Key Highlights

• 63 percent of IndiQube's space now occupied by enterprise clients
• Revenue grew to Rs. 1,103 Cr in FY25 with 86.5 percent occupancy
• Geographic expansion reaches 115 properties across 15 cities

The sector’s resilience is further underscored by a 30 percent CAGR in Assets Under Management, despite macroeconomic uncertainty.

Crucially, IndiQube’s revenue mix is diversifying. Value-added services—ranging from food to tech-enabled meeting bookings—doubled in just two years, contributing Rs. 135 crore or 13 percent of total revenue in FY25. Its MiQube platform processed over a million transactions, showing how integrated tech is shaping client experience and operational efficiency.

Pricing power remains strong, with seat rates between Rs. 10,000– Rs. 45,000 per month—well above traditional leases—thanks to enhanced services and prime locations. As competition heats up with players like Awfis and Smartworks going public, ancillary revenue streams have emerged as a key differentiator.

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Geographically, IndiQube now operates 115 properties across 15 cities, reflecting the growing demand for workspaces beyond Tier I hubs. With over 850 coworking centers nationwide and 179 in Tier II cities like Jaipur and Chandigarh, India’s flex office stock is expected to reach 135 million sq. ft. by 2028, reinforcing its role in shaping India’s decentralized economic future.