iSprout Secures ₹60 Crore Debt Funding for National Expansion
Hyderabad-based managed office solutions provider iSprout has raised ₹60 crore in debt funding from Tata Capital, marking a significant boost to its expansion strategy across India’s metro and emerging business markets. The capital will be used to strengthen enterprise-grade infrastructure and scale its fast-growing managed office portfolio.
Funds to Support New Centres and Tech-Led Workspace Upgrades
iSprout said the fresh infusion will be deployed toward opening new centres in tier-I and tier-II cities, while also enhancing its technology stack, workspace customisation capabilities and integrated facility management services. The company aims to meet rising demand from enterprises seeking flexible, high-performance workspaces.
Leadership Targets Long-Term Scale and Potential IPO
“This investment strengthens iSprout’s position to expand into high-growth business hubs and capture a larger market share in the flexible workspace segment,” said Sundari Patibandla, co-founder and CEO. She added that strong occupancy levels and a healthy demand pipeline position the company well for its future IPO plans.
Co-founder and chief strategy officer Sreeni Tirdhala noted that iSprout has grown 10x in the last five years, driven by demand from global capability centres (GCCs) and large enterprises. “This funding reinforces our ability to deliver tech-enabled, future-ready spaces at scale,” he said.
Flexible Workspace Demand Fuels Market Momentum
With flexible managed offices emerging as a strategic priority for domestic and global enterprises, iSprout’s expanded footprint will help address rising demand for design-led, customised workplaces. The company currently operates 25 centres across nine cities, managing a portfolio of 2.5 million sq ft, including upcoming developments.
Sector Outlook Remains Strong
As corporates continue adopting hybrid and distributed work models, managed office providers like iSprout are expected to play a central role in India’s evolving workspace ecosystem.
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