Managed office space provider iSprout has secured ₹60 crore in debt funding from Tata Capital.
The funds will be used to expand its presence in key business hubs, strengthen enterprise-grade infrastructure, and scale its managed office portfolio across India.
The company will also invest in technology upgrades, workspace customization, and end-to-end facility management services to meet rising demand from enterprises and Global Capability Centers (GCCs).
Founded in 2017 by Sundari Patibandla and Sreenivas Tirdhala, iSprout provides managed office solutions for large enterprises, GCCs, and startups. The company focuses on enabling businesses to scale quickly without managing day-to-day operational complexities.
iSprout operates across 9 Indian cities with 25 centres, managing a 2.5 million sq. ft. portfolio including developments, and has achieved 10x growth over the past five years driven by demand for flexible, enterprise-ready workspaces.
Commenting on the funding, Sundari Patibandla, Co-founder and CEO of iSprout, said, “This investment allows us to deepen our presence in high-growth business hubs and strengthen our managed office offerings. With strong occupancy levels and a healthy pipeline, we are focused on building long-term value while progressing toward our future IPO plans.”
Sreenivas Tirdhala, Co-founder and Chief Strategy Officer, added, “Enterprises and GCCs are looking for flexible, high-performance work environments. This funding supports our goal of delivering tech-enabled offices that can scale with both speed and consistency.”
