Team StartupCity

• iSprout secures ₹60 crore in debt funding from Tata Capital to fuel expansion across major Indian cities and strengthen its managed office portfolio.
• The Hyderabad-based firm plans to scale design-led, technology-driven workspaces amid rising demand from GCCs, enterprises, and startups.
• The funding supports iSprout’s rapid growth, infrastructure upgrades, and long-term roadmap, including preparations toward a future IPO.

iSprout, which is considered one of the fastest-growing managed office solutions players in India, has secured debt funding of ₹60 crores from Tata Capital, a major development in the company’s plans to expand in the country. The Hyderabad-based firm intends to use the funds to support growth in the top cities in India, office infrastructure, and a series of design-driven managed office spaces.

In a comment on the development, Sundari Patibandla, Co-founder & CEO of iSprout, said, “This investment further solidifies iSprout’s position to enter high-growth business hubs, which in turn helps us to capture a more significant share of the market in the realm of flexible work spaces. We are on a mission to bring long-term value to our customers, partners, and other stakeholders, with our vision to accelerate our IPO plans within the forthcoming years”.

Amidst the growing relevance of flexible spaces within local businesses as well as global capability centers (GCCs), iSprout has noticed a marked increase in the demand for tailor-made, managed office spaces. The fresh fund injection is expected to fuel the company’s fast growth while keeping it centered on providing high-quality, technology-driven workspace experiences.

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Sreeni Tirdhala, Co-founder & Chief Strategy Officer, said "We have scaled 10 times in the past five years. This investment fits our mission of creating best-in-class managed offices. Businesses are looking for flexible, high-performance work environments. This capitalization further strengthens our position of delivering future-ready, technology-enabled spaces on a fast track".

The funds are supposed to be used by the company for launching new centers in Tier 1 and Tier 2 cities, enhancing the technology infrastructure, increasing the ability to personalize workspace, and upgrading the overall facility management services offered by the company. The company has been catering to 9 cities with a rich presence of 25 state-of-the-art facilities, managing a leasing inventory of 2.5 million square feet, with a few property developments in full swing. iSprout has been identified as a partner of choice with GCCs, large businesses, as well as scaled-up startups.