Hyderabad-based managed office operator iSprout has raised Rs 60 crore in debt funding from Tata Capital to accelerate its nationwide expansion and enhance its enterprise-focused infrastructure.

The company plans to use the capital to expand its portfolio of flexible workspaces, tapping into high-growth business hubs. "This investment strengthens iSprout’s position to further expand into high-growth business hubs, allowing us to capture a larger market share in flexible workspaces," said Sundari Patibandla, Co-founder & CEO. As demand for customised, fully managed offices continues to surge, iSprout aims to scale up aggressively while maintaining its focus on design-led, high-quality offerings.

The company, which has grown 10x in the past five years, is targeting new centres across tier-1 and tier-2 cities, enhancing technology platforms, and improving workspace customisation. With a portfolio of 2.5 million sq. ft. across 25 centres, iSprout is on track to deliver tech-enabled, future-ready spaces and plans an IPO in the coming years.