Advertisement
Hyderabad based managed office provider iSprout has raised INR 60 crore in debt funding from Tata Capital to drive its expansion across key Indian business hubs. The funds will be used to open new centres in tier I and tier II cities, upgrade technology platforms, improve workspace customisation and strengthen end to end facility management services. Over the past five years, iSprout’s footprint has grown to 25 locations across nine cities with about 2.5 million sq ft of managed space. The company aims to capture more market share in India’s flexible workspace sector amid rising demand from enterprises and GCCs.
Hyderabad based managed office space provider iSprout has secured INR 60 crore in debt funding from Tata Capital to support its continued growth in India’s flexible workspace market. This latest funding round will help iSprout accelerate expansion into high growth business hubs by setting up new centres in tier I and tier II cities. Advertisement
The company will also use the capital to upgrade its technology platforms, expand workspace customisation services and strengthen end to end facility management capabilities. These enhancements aim to meet the increasing demand for fully managed, flexible work environments from startups, large enterprises and global capability centres (GCCs).
iSprout has steadily expanded since its founding, growing around tenfold in the past five years. It now operates 25 managed office locations across nine Indian cities, with a combined portfolio of around 2.5 million sq ft, including projects currently under development.
The company’s managed office offerings include coworking spaces, private cabins, customised work zones and fully serviced infrastructure with business support services. The flexible workspace segment has seen rising interest from corporates seeking scalable and adaptable environments that support hybrid and growth oriented operating models.
Executives at iSprout have highlighted that this funding will strengthen their position to capture a larger share of the flexible workspace market and maintain disciplined, strategic growth. The company is also looking ahead to potential future milestones such as an initial public offering, reflecting confidence in long term demand trends.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
