iSprout Raises ₹60 Cr Debt from Tata Capital for Managed Office Expansion

• iSprout, a managed office space provider, raised Rs 60 crore in debt funding from Tata Capital.
• The Hyderabad-based company plans to use the capital for expansion into new Tier 1 and Tier 2 cities across India.
• Funds will also be deployed for technology upgrades, workspace customization, and enhancing end-to-end facility management services.
• iSprout currently operates 25 co-working centers across nine cities, covering 2.5 million sq ft.
• The funding addresses the growing demand for managed flexible workspaces from corporates of all sizes.

Why It Matters: It signifies expanding flexible office space options for businesses.