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Incuspaze to raise $25 mn for IPO plan, expansion
Business Standard
|November 30, 2024
Co-working company Incuspaze said on Friday it will raise $25 million (more than ₹210 crore) to expand business before launching an initial public offer (IPO).
Incuspaze, earlier this year, raised $8 million (₹67.6 crore) from the India Inflection Opportunity Fund and other financial institutions. "We plan to add another 2 million square feet [of office space] in our portfolio by the end of December 2025," said Sanjay Choudhary, founder and chief executive officer (CEO) of Incuspaze, in a statement.
This story is from the November 30, 2024 edition of Business Standard.
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