New Delhi, Dec 11 (PTI) Real estate company iSprout, which provides managed office spaces, has raised Rs 60 crore debt from Tata Capital to expand its business.
Hyderabad-based iSprout has a presence across nine cities with 25 co-working centres covering 2.5 million sq ft area.
In a statement on Thursday, iSprout said it plans to deploy the capital towards new centres in Indian Tier 1 and Tier 2 cities, along with upgrades to its technology, workspace customisation capabilities, and end-to-end facility management services.
The demand for managed flexible workspace is growing from corporates of all sizes.
Co-working companies take office space on lease from real estate developers to establish their centres. Then, it subleases workspaces to corporates.
PTI MJH MJH SHW
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