IndiQube leases space in Hyderabad
IndiQube, a shared space provider, has leased a ground+four building from Ramky Group in Hi-Tech City, Hyderabad. The space is spread across 80,000 sqft and will be operational by year-end.
The company has leased four spaces spread over 80,000 sqft in Bengaluru in CV Raman Nagar (21,000 sqft), Hebbal (20,500 sqft), Koramangala (30,000 sqft) and Indira Nagar (10,500 sqft).It has also leased 45,000 sqft in Pune’s Kharadi (30,000) and Magarpatta City (15,000) recently. Rent in these centers will also be around Rs 9,000 per seat per month.
The company is said to be in advance stages of discussions to raise funds from a private equity firm which will be used to further expand company’s presence across India.