IndiQube Spaces has signed a fresh Rs 68 crore workspace deal for 1,300 seats on Bengaluru’s Outer Ring Road with a major audio platform.

The client, a major global audio content platform, has taken up nearly 1,300 seats at IndiQube’s tech park facility along the Outer Ring Road, one of Bengaluru’s busiest commercial corridors.

The deal deepens an existing relationship between the two companies rather than marking a fresh entry, and it adds to IndiQube’s growing base of large enterprise clients choosing ready-to-use office space over traditional long-term leases.

This isn’t IndiQube’s first big win in recent months. Back in June, the company signed a separate ₹52 crore agreement for more than 700 seats in North Bengaluru’s Yelahanka area with a consulting and management services firm.

In July, it also expanded into North India, adding a 3.9 lakh square foot office property in Sector 142 along the Noida Expressway. On the financial side, IndiQube’s numbers are moving in the right direction too.

For the quarter ended June 2026, the company’s consolidated net loss narrowed by 35% year on year to ₹23.88 crore, down from ₹36.75 crore in the same period last year.

Total income for the quarter grew 38.5% to ₹448.81 crore, pointing to steadily improving operational scale even as the company continues working toward profitability.

These developments reflect a wider pattern playing out across India’s flexible office space industry.

Managed workspaces have now crossed 100 million square feet under management nationwide, with global technology firms, media platforms and consulting companies increasingly opting for ready-to-move-in offices instead of building out their own space.

Bengaluru continues to lead this shift, and corridors like the Outer Ring Road remain a preferred address for companies wanting large, fully equipped workspaces without the delays of traditional real estate development.

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