IndiQube Expands to Bhubaneswar, Broadens India Footprint to 17 Cities
Overview
IndiQube, the tech-enabled workspace solutions firm, has launched its first center in Bhubaneswar, Odisha, its 17th Indian city. The 45,000 sq. ft. facility in Infocity, a key IT hub, strengthens the company's pan-India presence and its focus on emerging Tier II markets. This expansion supports businesses seeking to scale operations efficiently in developing regions and tap into new talent pools, reinforcing its commitment to Eastern India.
Strengthening Pan-India Presence
IndiQube, a prominent tech-enabled workspace solutions provider, has officially expanded its operations into Bhubaneswar, Odisha. This strategic move introduces a new 45,000 square foot center and elevates the company's national footprint to 17 cities. The expansion solidifies IndiQube's commitment to serving emerging markets and bolstering its presence in East India.
The launch in Bhubaneswar marks IndiQube's second venture in East India, following its established presence in Kolkata. This move significantly enhances the company's nationwide network, catering to a growing demand for flexible and scalable workspace solutions across the country. This latest addition underscores IndiQube's strategy of deepening its reach into high-potential Tier II cities, aligning with broader economic development trends.
Bhubaneswar: A Strategic Growth Frontier
Rishi Das, Co-founder and CEO of IndiQube, highlighted Bhubaneswar's pivotal role in the company's eastern expansion. He described the city as being at an "inflection point," rapidly developing into a significant enterprise and technology hub.
Das cited strong infrastructure development, including upcoming metro projects, and supportive government policies as key drivers for this growth. IndiQube aims to enable enterprises to scale efficiently beyond traditional metropolitan areas while accessing burgeoning talent pools. Meghna Agarwal, Co-founder, emphasized that the growth of cities like Bhubaneswar mirrors a larger Indian trend of decentralization in talent, ambition, and enterprise expansion.
She noted that as organizations re-evaluate workspace strategies amid shifting talent migration, IndiQube's presence in emerging cities facilitates business operations and boosts productivity with a consistent employee experience.
Financial Performance Snapshot
This expansion follows IndiQube's recently announced Q2 FY26 financial results. The company reported a total income of ₹367 crore under Ind AS and ₹360 crore under IGAAP equivalent for the September quarter. Revenue from operations reached ₹354 crore (IGAAP equivalent).
Profit after tax stood at ₹28 crore (IGAAP equivalent), contrasting with a loss of ₹30 crore reported under Ind AS for the same period. In related news, BlackRock's India arm recently committed to a 10-year lease for over 143,000 square feet at IndiQube Symphony in Bengaluru.
Market Trends and Outlook
IndiQube's expansion strategy is directly aligned with the evolving corporate real estate landscape, particularly the migration of talent and businesses to Tier II and III cities. This decentralization trend offers opportunities for companies to optimize costs and access a wider talent pool.
The company's focus on tech-enabled solutions and its growing network position it to capitalize on this ongoing shift, providing scalable and productive work environments for businesses seeking flexibility and growth beyond major metros.
