Incuspaze Acquires VSKOUT: Boosting Real Estate Analytics for Flexible Workspaces
Incuspaze, a flexible workspace provider, has acquired VSKOUT, a business-to-business software-as-a-service (SaaS) solution offering data analytics for commercial real estate. This acquisition follows Incuspaze's recent purchase of Trios, further solidifying the company's position in the market.
The deal was structured as a combination of cash and equity swap, although specific financial details were not disclosed. The newly merged entity aims to redefine how global capability centers (GCCs) and enterprises approach growth, site selection, and strategy. The GCC market in India is projected to expand to $99-105 billion by 2030 from $64.6 billion in 2023-24.
Sanjay Choudhary, founder and CEO of Incuspaze, stated, “We plan to build a sustainable business in the real estate industry that is fit for the future. VSKOUT's technology and deep understanding of the industry will help us deliver an enhanced experience and innovative solutions to clients.” VSKOUT's real-time property intelligence will enable smarter, faster, and more scalable solutions for corporates across India and GCCs.
Beyond the synergy in services, the cultural fit and aligned goals make this a seamless transition. Saumya Kumar and Pankaj Jain, co-founders of VSKOUT, expressed their enthusiasm, saying, “Our teams are now co-creating a data-first future for the real estate and workspace sector.”
Incuspaze, which secured $8 million in funding last year, is expected to close its $25 million pre-initial public offering (IPO) round in the next few months. The company is targeting revenue of Rs 350-400 crore in this financial year, up from Rs 150 crore in 2024-25, driven by acquisitions and an expected increase in leased space to drive growth.
This acquisition marks a significant step forward for Incuspaze, positioning them to capitalize on the growing demand for flexible workspaces and data-driven real estate solutions. The combined entity is poised to offer a comprehensive suite of services that cater to the evolving needs of businesses in the region.
