IndiQube leases managed workspace to Ninjacart in Bengaluru

Ninjacart, currently operating in 70 locations, envisions an ambitious expansion to 200 cities and towns in the coming year.

Co-working player IndiQube has leased a 1,000-seater premium managed workspace to Ninjacart in Bengaluru, according to real estate consultant Colliers who also transacted the deal.

Located close to the Outer Ring Road corridor, the commercial asset is in close proximity to an upcoming metro connection and will eventually provide added convenience to employees.

"Ninjacart is a fast-growing fresh produce marketplace that is run by a vibrant, driven team of young professionals. Amid supply constraints and scaling rentals in the sought-after Bangalore market, we were confident that a managed space would be best suited for the present business needs and to fetch long-term gains. Our team conducted a thorough market study before narrowing it down to a couple of commercial assets and finally identifying IndiQube as the apt office space," Arpit Mehrotra, managing director of office services for South and Head of Flex India at Colliers, said.

Ninjacart, currently operating in 70 locations, sees an ambitious expansion to 200 cities and towns in the coming year.