IndiQube

Bengaluru, India Founded: 2015 • Age: 11 yrs Listed
Flexible workspace solutions are provided for enterprises, startups, and SMBs.

About IndiQube

IndiQube is a publicly listed company based in Bengaluru (India) founded in 2015 by Sanjay Mishra, Anshuman Das, Meghna Agarwal, and Rishi Das. Flexible workspace solutions are provided for enterprises, startups, and SMBs. IndiQube has raised $44.96 million across 3 funding rounds from investors including WestBridge Capital, Careernet and HirePro. IndiQube was last valued at $221.66 million in April 2022. Its website indiqube.com draws about 10 thousand monthly visits. Its Indian entity Indiqube Spaces Limited reported revenue of ₹1,528 Cr. IndiQube offers products and services including IndiQube Grow, IndiQube Bespoke, IndiQube Cornerstone, and MiQube. Its focus areas include Real Estate and Construction Tech, Commercial Real Estate Tech, CoWorking and Managed. Its competitors include BHIVE Workspace, DevX and 91Springboard; 3 of its 3 listed competitors have raised funding.

Company details

IndiQube was founded in 2015 in Bengaluru, India, operating in the coworking and flexible office sector. Workspace solutions are offered to large enterprises, startups, and small to medium-sized businesses through shared environments. Innovation and community-building are facilitated to support growth among users. Services include adaptable office spaces tailored for diverse business needs in the Indian market.

  • Headquarters Bengaluru, India
  • Founders Sanjay Mishra, Anshuman Das, Meghna Agarwal, Rishi Das
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website indiqube.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Indiqube Spaces Limited
Key Metrics
  • Market Cap
    ₹3,924 Cr

    INDIQUBE · NSE

  • Share Price
    ₹185.12

    -1.10% today

  • Revenue
    ₹1,451 Cr

    FY 2025-26 · +37.0% YoY

  • EBITDA
    ₹881 Cr

    Margin 60.8%

  • Net Profit
    −₹106 Cr

    FY 2025-26 · +23.9% YoY

  • Debt / Equity
    18.17

    Interest cover 190.0x

  • Total Equity Funding
    $44.96M (USD)

    in 3 rounds

  • Latest Funding Round
    $30M (USD), Series B

    Apr 2022

  • Investors

Products & Services of IndiQube

IndiQube offers a comprehensive portfolio of products and services, including IndiQube Grow, IndiQube Bespoke, IndiQube Cornerstone, and MiQube.

IndiQube Grow
Flexible Offices

Provides ready-to-move-in offices for scalable business needs.

IndiQube Bespoke
Custom Interiors

Offers personalized workspace design and build services.

IndiQube Cornerstone
Property Management

Delivers end-to-end solutions for property operations.

MiQube
Software Platform

Manages workplace efficiency through integrated tools.

Apps and channels of IndiQube

its YouTube channel IndiQube has 633 subscribers and 30 videos.

IndiQube
YouTube 633 subscribers 30 videos Nonprofits & Activism
Open channel

Videos from IndiQube

The most watched videos on IndiQube's YouTube channel, IndiQube (633 subscribers). Click a video to play it here.

Revolutionizing Workspace Dreams: How IndiQube Crafted the Perfect Office for Hyperswitch - Juspay!
3K views
Challenging Norms, Creating Spaces: Meghna Agarwal's Story! #podcast #entrepreneur #startup
1.1K views
GEP’s Growth Story with IndiQube | Coimbatore | #workplace #office
1K views
Independence Day 2024 at Indiqube GVH
870 views

More on IndiQube.

Funding Insights of IndiQube

IndiQube has successfully raised a total of $44.96M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $44.96M
  • Total Rounds 3
  • Last Round Series B — $30M
  • First Round $312,207

    (Sep 2017)

  • Investors Count 7

All 3 funding rounds of IndiQube with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Apr 2022$30MSeries B$221.66MWestBridge Capital
Jun 2018$14.65MSeries A$46.76MWestBridge Capital
Sep 2017$312,207Angel Round$•••••Ashish Gupta
–
Valuation history
DateValuationStage
Apr 2022$221.66M••••••••
Jun 2018$46.76M••••••••
Sep 2017$•••••••••••••
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Full valuation and stage history of IndiQube

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

  • All valuation points
  • Stage changes
  • Dates
  • Exports

Verified entity values are shown only after access is granted.

Last known valuation $221.66M (Apr 2022). 7 investors in total: 6 institutional and 1 angel.

Investors in IndiQube

IndiQube has secured backing from 7 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include WestBridge Capital, Careernet and HirePro.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
2000westbridgecap.comQuatre Bornes, Mauritius
Venture capital is provided to multiple sectors by MMPL Trust.
Bengaluru, India
Early-stage investments are targeted by Konark Trust venture capital firm.
Bengaluru, India
A cloud-based platform for efficient applicant tracking and recruitment.
2004hirepro.inBengaluru, India
Recruitment and talent management services are provided to businesses.
1999careernet.inBengaluru, India
Multiple strategies are utilized in real estate fund management.
Ebene City, Mauritius

Ashish Gupta

Angel investor, tech veteran, ex-Helion Ventures, active in Indian startup ecosystem
unknown_be0718adb4cd4ed68
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Investor details for IndiQube

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Indiqube Spaces Limited (IndiQube)

Indiqube Spaces Limited is the primary company behind IndiQube. The boards of the 2 registered companies of IndiQube currently have 8 directors; the longest-serving is Anshuman Das, appointed in 2017. 10 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Anshuman Das
DIN 00420772
Director07 Nov 20179 yrsInnoprop Spaces Private Limited, Indiqube Spaces Limited
Rishi Das
DIN 00420103
Director07 Nov 20179 yrsInnoprop Spaces Private Limited, Indiqube Spaces Limited
Megana Agarwal
DIN 06944181
Director10 May 20188 yrs 6 moInnoprop Spaces Private Limited, Indiqube Spaces Limited
Sandeep Singhal
DIN 00040491
Nominee Director23 Jul 20242 yrs 3 moIndiqube Spaces Limited
Naveen Tewari
DIN 00677638
Director18 Dec 20241 yr 10 moIndiqube Spaces Limited
Rahul Matthan
DIN 01573723
Director18 Dec 20241 yr 10 moIndiqube Spaces Limited
Sachi Krishana
DIN 10828969
Director18 Dec 20241 yr 10 moIndiqube Spaces Limited
Ishwar Subramanian
DIN 01473535
Additional Director19 Oct 2026Indiqube Spaces Limited

People of IndiQube

34 people are tracked at IndiQube (6 in leadership, 28 in team).

NameRoleGroup
Sanjay Mishra
Co-FounderLeadership
Co-FounderLeadership
Co-Founder & COOLeadership
Co-Founder & ChairmanLeadership
Deepak Dadhich
Chief Business OfficerLeadership
Ramit Bhardwaj
Chief Technology OfficerLeadership
Aditya Avhad
Senior Manager Business DevelopmentTeam
Chirag Ghaghada
ManagerTeam
Sanjay Navalgund
Assistant Manager Facilities (crm)Team
Sunil Bhat
Senior Business Development ExecutiveTeam
Preetham Pereira
Senior Manager - CRMTeam
Tarun Singh
Senior ManagerTeam
Sharath Kumar
Ui/ux DesignerTeam
Gururaj Subramani
Senior IT ManagerTeam
Manoj Manu
Assistant ManagerTeam
Shambuling Mahajan
Senoir Executive Business DevelopmentTeam
Saravanan S
Senior IT ExecutiveTeam
Vishal Deep
Business Development ManagerTeam
Pallavi Sinha
Senior Executive Business DevelopmentTeam
Sarik Hassan
Senior Software EngineerTeam

14 more people are available in the full profile.

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Complete people profiles for IndiQube

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of IndiQube

IndiQube is a publicly listed company on the NSE with ticker symbol INDIQUBE in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date30 Jul 2025
  • Listed onNSE: INDIQUBE · BSE: 544454
  • Listed entityIndiqube Spaces Limited
  • Exchange sectorFinance
  • ISININE06ST01018
  • Share price₹184.11 (-2.05% on the day) · 2026-10-14
  • Market capitalisation₹4,022 Cr
  • EPS (diluted, trailing year)₹-4.49
  • Volume (last session)39,694

Financials of IndiQube

Exchange-reported figures of Indiqube Spaces Limited, the listed company behind IndiQube (NSE: INDIQUBE).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,451 Cr
+37.0% YoY
EBITDA
₹881 Cr
+42.9% YoY
Profit After Tax
−₹106 Cr
+23.9% YoY
Net Worth
₹515 Cr
- YoY
Total Assets
₹6,029 Cr
+39.5% YoY
Total Debt
₹5,207 Cr
+27.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4511,059831580344294240
Revenue growth+37.0%+27.5%+43.3%+68.5%+16.9%+22.9%-
EBITDA88161722623712940.2523.85
EBITDA margin+60.8%+58.2%+27.3%+40.8%+37.6%+13.7%+10.0%
Profit before tax(136)(157)(385)(228)(224)(15.50)(19.34)
Net profit(106)(140)(342)(199)(188)(13.67)(16.37)
Net profit margin-7.3%-13.2%-41.1%-34.3%-54.8%-4.6%-6.8%
EPS (₹)(5.02)(10.72)(1,866.16)(1,082.56)(1,148.65)(94.29)(98.55)
Balance sheet
Total assets6,0294,3213,3702,7762,114336335
Net worth515(3.11)13119214850.2165.71
Total debt5,2074,0883,0492,4261,873153120
Cash & bank3856.030.4510.460.342.533.44
Net working capital138(154)(130)(83.26)(106)(51.15)(64.63)
Cash flow
Cash from operations92061254232420238.5947.19
Cash from investing(737)(259)(193)(174)(46.69)(53.39)(105)
Cash from financing(178)(337)(365)(149)(176)13.8933.59
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue472423401390350309297268
Revenue growth (YoY)+34.8%+36.7%+35.2%+45.6%+38.8%+27.7%--
Other income20.2626.1324.2721.1616.4514.8310.1912.59
Total expenses175164153153142121127110
EBITDA296258248237208188170158
EBITDA margin+62.8%+61.2%+61.8%+60.8%+59.4%+60.8%+57.2%+58.9%
Depreciation195188177169156143130117
Interest12912711911210711091.1586.27
Profit before tax(7.38)(30.50)(23.89)(23.09)(38.68)(49.96)(41.39)(32.80)
Tax(1.50)(6.63)(1.24)(6.03)(8.82)(13.21)(10.05)(19.07)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue472423401390350309297268
Revenue growth (YoY)+34.8%+36.7%+35.2%+45.6%+38.8%+27.7%--
Other income20.2626.1324.2721.1616.4514.8310.1912.59
Total expenses175164153153142121127110
EBITDA296258248237208188170158
EBITDA margin+62.8%+61.2%+61.8%+60.8%+59.4%+60.8%+57.2%+58.9%
Depreciation195188177169156143130117
Interest12912711911210711091.1586.27
Profit before tax(7.38)(30.50)(23.89)(23.09)(38.68)(49.96)(41.39)(32.80)
Tax(1.50)(6.63)(1.24)(6.03)(8.82)(13.21)(10.05)(19.07)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4511,059831580344294240
Revenue growth+37.0%+27.5%+43.3%+68.5%+16.9%+22.9%-
Other income76.7143.6537.0921.5411.133.160.44
Total expenses569443604343215254216
Employee cost92.5775.8363.7743.5329.7523.4421.54
EBITDA88161722623712940.2523.85
EBITDA margin+60.8%+58.2%+27.3%+40.8%+37.6%+13.7%+10.0%
Depreciation64548739229822136.8125.27
Interest44833025618814322.1018.36
Profit before tax(136)(157)(385)(228)(224)(15.50)(19.34)
Tax(29.31)(17.68)(43.31)(29.82)(35.62)0.00(3.14)
Net profit(106)(140)(342)(199)(188)(13.67)(16.37)
Net profit margin-7.3%-13.2%-41.1%-34.3%-54.8%-4.6%-6.8%
EPS (₹)(5.02)(10.72)(1,866.16)(1,082.56)(1,148.65)(94.29)(98.55)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital21.2020.191.195002871.021.02
Reserves & surplus494(23.30)129(308)(238)49.1964.69
Shareholders' funds (net worth)515(3.11)13119214850.2165.71
Secured loans29027614610755.7121.7547.47
Unsecured loans4,9173,8122,9032,3191,81813172.64
Total debt5,2074,0883,0492,4261,873153120
Total liabilities6,0294,3213,3702,7762,114336335
Assets
Gross block7,1165,2013,8152,8632,310321297
Net block5,2133,9553,0852,5462,006238248
Capital work in progress96.0111479.3223.9825.870.000.00
Investments0.000.000.970.972.132.162.16
Inventories0.690.000.000.000.000.000.00
Sundry debtors11378.7559.2933.2125.3920.8011.55
Cash & bank balances3856.030.4510.460.342.533.44
Loans & advances12212510866.3238.1837.4334.72
Total current assets62021016711063.9160.7649.71
Total current liabilities483364298193170112114
Net working capital138(154)(130)(83.26)(106)(51.15)(64.63)
Total assets6,0294,3213,3702,7762,114336335
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash(17.38)(32.58)(17.29)(18.21)2.523.4427.69
Net cash from operating activities92061254232420238.5947.19
Net cash from investing activities(737)(259)(193)(174)(46.69)(53.39)(105)
Net cash from financing activities(178)(337)(365)(149)(176)13.8933.59
Net change in cash5.5215.21(15.30)0.93(20.73)(0.91)(24.25)
Closing cash3856.030.4510.460.342.533.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+37.0%+27.5%+43.3%+68.5%+16.9%+22.9%-
EBITDA growth+43.0%+172.4%-4.4%+82.8%+221.7%+68.8%-
PBT growth+13.8%+59.1%-68.8%-1.8%-1345.1%+19.9%+9997.0%
Net income growth+23.9%+59.1%-71.7%-5.6%-1278.4%+16.5%-
Revenue CAGR (3Y)+35.8%+45.5%+41.3%+34.2%---
EBITDA CAGR (3Y)+55.0%+68.2%+77.8%+114.9%---
Profitability & leverage
Net income margin-7.3%-13.2%-41.1%-34.2%-54.7%-5.3%-6.8%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity18.1755.9616.9812.6510.222.351.27
Long-term debt / equity16.2849.9515.2511.428.891.250.88
Interest cover190.02255.27-154.29-305.86-156.40642.44-1,292.96
Efficiency & per share
Fixed asset turnover0.240.230.250.220.260.951.07
Inventory turnover4,205.250.000.000.000.000.000.00
Debtors turnover15.1715.3517.9619.7914.9018.2129.00
EPS (₹)(5.02)(10.72)(1,866.16)(1,082.56)(1,148.65)(94.29)(98.55)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)24.28(0.79)708.32(1,683.61)(1,449.60)300.08394.37

Timeline of IndiQube

5 dated milestones of IndiQube across 10 years, from founding to its latest funding, stage changes and deals.

  1. Founded IndiQube is founded.
  2. Funding First funding round of $312K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series B, of $30.0M.
  5. IPO Lists on the stock exchange (IPO).

Competitors of IndiQube

IndiQube has 3 listed competitors in our database, 3 of them funded. They include BHIVE Workspace, DevX and 91Springboard.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
bhiveworkspace.com2014Bengaluru, India$3.09M322
Flexible workspace solutions, including coworking and managed offices, are offered.
devx.work2017Ahmedabad, India$16.16M79
Managed office spaces and coworking environments are provided for businesses.
91springboard.com2012Mumbai, India$29.2M158
Operator of shared workspaces, private offices, and virtual office solutions
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Detailed competitors of IndiQube

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Web traffic of IndiQube

The website of IndiQube (indiqube.com) receives about 10.2K visits a month.

  • Monthly visits
    10.2K

    ▼ 24.1% vs previous month

Similar websites

Websites whose visitors overlap most with IndiQube. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
bhiveworkspace.com
100%
44.1K#680,340View details
urbanvault.in
91%
22.1K#1,161,598View details
awfis.com
78%
94.9K#406,267View details
indianstartupnews.com
78%
353.8K#136,006View details
qdesq.com
78%
33K#998,837View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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  • 15 similar websites
  • Audience overlap
  • Engagement analytics
  • Traffic by brand

Verified entity values are shown only after access is granted.

Top companies in Real Estate Technology Platforms

3 companies that operate in the same segment as IndiQube (Real Estate Technology Platforms) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Technology platform for real estate transactions and mortgages is provided.
2014Gurugram, Haryana, IndiaUSD 97.98 MUSD 28.9 M9,619
Online platform for buying, renting, and selling residential and commercial properties
2012Gurugram, Haryana, IndiaUSD 146.45 MUSD 25.52 M1,188
A platform for residential property buying is facilitated by PropTiger.
2011Gurugram, Haryana, IndiaUSD 99 M
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Related news about Indiqube

INDIQUBE: Q2 REVENUE 4.7B RUPEES VS 3.5B (YOY)
Exchange Update • 7 days ago
INDIQUBE: Q2 SL NET LOSS 59M RUPEES VS LOSS 299M (YOY)
Exchange Update • 7 days ago
INDIQUBE: Q2 EBITDA 2.96B RUPEES VS 2.08B (YOY); Q2 EBITDA MARGIN 62.80% VS 59.37% (YOY)
Exchange Update • 7 days ago
Indiqube Spaces: Board Gives Green Light For ₹35 Crore Investment To Acquire 49% Stake In Saiedge Realty And Appoints Ishwar Subramanian As Independent Director.
Exchange Update • 22 days ago
INDIQUBE: Rs. 24.91 Crores BSE Block Trade; for ~ 1,271,100 Shares, at Rs. 195.95
Exchange Update • 1 month ago
Indiqube Spaces: to Hold Meetings with Analysts and Investors on September 17 and 18.
Exchange Update • 1 month ago
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Frequently Asked Questions about IndiQube

IndiQube was founded in 2015 and raised its 1st funding round 2 years after it was founded.

IndiQube is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

IndiQube is a funded company, having raised a total of $44.96M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $312.21K, raised on Sep 2017.

The primary company behind IndiQube, Indiqube Spaces Limited, reported revenue of ₹1,528 Cr for FY 2026, up 37% year on year.

IndiQube was founded in 2015 in Bengaluru, India, operating in the coworking and flexible office sector. Workspace solutions are offered to large enterprises, startups, and small to medium-sized businesses through shared environments. Innovation and community-building are facilitated to support growth among users. Services include adaptable office spaces tailored for diverse business needs in the Indian market.

IndiQube's top competitors include DevX, BHIVE Workspace and 91Springboard.

IndiQube offers IndiQube Grow, IndiQube Bespoke, IndiQube Cornerstone, and MiQube.

Yes, IndiQube is publicly traded on NSE under the ticker symbol INDIQUBE.

IndiQube has 7 investors. Key investors include WestBridge Capital, Careernet, HirePro, Ashish Gupta, and MMPL Trust.

The valuation of IndiQube is $221.66M as of Apr 2022.

IndiQube is associated with 2 legal entities: Indiqube Spaces Limited, Innoprop Spaces Private Limited.

The legal entities of IndiQube currently have 11 directors, including Anshuman Das, Rishi Das, Megana Agarwal and others.

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