iSprout raises Rs 60 crore in debt to accelerate India-wide managed office growth

Hyderabad-based iSprout today announced that it has raised Rs 60 crore in debt funding from Tata Capital.

The firm will use the raised capital to accelerate expansion across key Indian metros, strengthen enterprise-grade infrastructure, and enhance its rapidly growing managed office portfolio.

iSprout is an Indian managed office space provider catering to Global Capability Centers (GCCs), large enterprises, and startups. The company enables businesses to scale quickly without operational complexities.

It is currently present in 9 Indian cities with 25 centers and has a portfolio of 2.5 million sq. ft., including spaces that are currently under development.

“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. With strong occupancy and a robust pipeline, we are committed to delivering long-term value to our clients, investors, and stakeholders, while accelerating our growth journey, including plans for an IPO in the coming years”, said Sundari Patibandla, Co-founder & CEO, iSprout. 

Sreeni Tirdhala, Co-founder & Chief Strategy Officer, said: “We have grown 10x 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 work ecosystems. This funding reinforces our ability to deliver tech-enabled, future-ready spaces. We’re excited to scale with speed and quality.” 

iSprout plans to deploy the capital towards new centers in Indian tier 1 and tier 2 cities, along with upgrades to its technology, workspace customization capabilities, and end-to-end facility management services.