iSprout raises Rs 60 Cr in debt From Tata Capital to expand managed office network
Founded in 2017 by Sundari Patibandla and Sreeni Tirdhala, iSprout has built its business around managed offices, co-working and enterprise-ready workspaces tailored to startups, global capability centres and large corporations.
iSprout, a Hyderabad-based provider of managed office spaces, secured Rs 60 crore in debt funding from Tata Capital to accelerate its expansion across major Indian cities.
The company plans to use the capital to add new centres in Tier I and Tier II cities, upgrade infrastructure and technology, and expand its workspace customisation and facility-management capabilities.
Founded in 2017 by Sundari Patibandla and Sreeni Tirdhala, iSprout has built its business around managed offices, co-working and enterprise-ready workspaces tailored to startups, global capability centres and large corporations. The company’s footprint has expanded rapidly since its early days, with multiple centres launched across Hyderabad and other Indian markets.
“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,” said Sundari Patibandla, Co-founder and chief executive officer. She added that the company is preparing for an IPO in the coming years.
iSprout said demand for customised, fully managed office environments has risen as enterprises and global capability centres adopt flexible workspace strategies.
“We have grown 10x in the last five years, and this investment aligns with our mission to build world-class managed offices,” said Sreeni Tirdhala, co-founder and chief strategy officer. “Enterprises and GCCs need flexible, high-performance work ecosystems. This funding reinforces our ability to deliver tech-enabled, future-ready spaces.”
The company operates 25 centres across nine Indian cities with a portfolio of 2.5 million square feet, including spaces under development.
Prior to this funding round, iSprout undertook significant leasing activity, including more than 1 million square feet of premium workspace in Hyderabad to meet demand. Its strategy has also included geographic diversification, with new facilities opened in regions such as Gurugram to broaden its national presence.
iSprout’s expansion comes amid a broader shift in India’s commercial real estate, where flexible and managed office solutions are increasingly seen as essential infrastructure for scaling businesses in a hybrid work era.
Edited by Jyoti Narayan