Managed office provider iSprout has raised ₹60 crore in debt funding from Tata Capital to strengthen its expansion across metros and tier-I and II cities. The capital will be deployed towards new centres, infrastructure upgrades, and scaling its managed office portfolio as the company eyes an initial public offering (IPO) in the coming years.
“This investment strengthens iSprout’s position to expand into high-growth business hubs, allowing us to capture a larger market share in flexible workspaces and scale with disciplined, asset-strategic growth,” said Sundari Patibandla, co-founder and CEO of iSprout. “With strong occupancy and a robust pipeline, we are committed to delivering long-term value to our clients, investors and stakeholders.”
The company plans to channel funds into technology upgrades, workspace customisation, and end-to-end facility management services. Sreeni Tirdhala, co-founder and chief strategy officer, added: “We have grown 10 times in the last five years, and this investment aligns with our mission to build world-class managed offices. Enterprises and GCCs need flexible, high-performance ecosystems, and this funding reinforces our ability to deliver tech-enabled, future-ready spaces.”
With flexible workspaces becoming a strategic priority for enterprises and global capability centres, iSprout aims to accelerate scaling while continuing to deliver design-led workspaces. Currently present across nine cities with 25 centres, the company manages a portfolio of 2.5 million sq. ft., including spaces under development, catering to GCCs, large corporates, and startups.
