Business Economy


iSprout raises ₹60 crore debt funding to accelerate expansion across India metros

Hyderabad, Dec 11 (UNI) Hyderabad-headquartered iSprout, one of India’s fastest-growing providers of managed office solutions, on Thursday announced it has raised ₹60 crore in debt funding from Tata Capital. The capital infusion will be used to accelerate expansion across key Indian metros, strengthen enterprise-grade infrastructure, and enhance its rapidly growing managed office portfolio, the company said in a release here.
Sundari Patibandla, Co-founder & CEO, iSprout, said ‘This investment strengthens iSprout’s position to further expand into the high-growth business hubs, allowing us to capture a larger market share in the flexible workspaces and scale with disciplined, asset-strategic growth. With strong occupancy and a robust pipeline, we are committed to delivering long-term value to our clients, investors, and stakeholders, while accelerating our growth journey, including plans for an IPO in the coming years”.
The new funding enables the company to scale faster to meet this surge while maintaining its commitment to delivering high-quality, design-driven workspaces, Sundari added.
Sreeni Tirdhala, Co-founder & Chief Strategy Officer, said: “We have grown 10x in the last five years, and this investment aligns with our mission to build world-class managed offices.This funding reinforces our ability to deliver tech-enabled, future-ready spaces. We’re excited to scale with speed and quality.”
iSprout plans to deploy the capital towards new centers in Indian tier 1 and tier 2 cities, along with upgrades to its technology, workspace customization capabilities, and end-to-end facility management services.
With presence across 9 cities, and 25 state-of-the-art centres, iSprout has a portfolio of 2.5 million sq. ft., including spaces that are currently under rapid development.
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