iSprout has recently announced a Pre-Series A funding round of $4M from private investors.
A director of "one of India’s leading infrastructure company", iSprout has invested a substantial amount in the funding round. Post the investment, 75 % of the ownership of the company is with the four co-founders and the private investor.
iSprout is looking forward to raising a Series A funding round of $10 million for specially designed purposes like:
- To capitalize on the spread of the managed office space market such as Hyderabad, Bangalore, Chennai, Pune, as well as new markets such as NCR, Mumbai, and Kolkata.
- For further growth, development and expansion of their business assets and
- To build proprietary technology to automate critical processes.
EXECUTIVE OPINION:
Ms. Sundari Patibandla, CEO & Co-Founder at iSprout says, “Managed office spaces have seen a significant growth and are expected to dominate the commercial real-estate sector in the post-pandemic future. We at iSprout have been continuously working towards offering the best possible office space solution for every individual & business. We are emphasizing on meeting the ever-evolving modern day office requirements and the funding received in the latest round gave a boost to our plans”
Mr. Sreeni Tirdhala, CMO & Co-Founder at iSprout says, “We as a Co-working & Managed Office space brand have come a long way since our inception and we are expanding aggressively in the Indian market. The forthcoming Series A fund will give us the thrust to expand our footprint across India.”
“Today, Managed Office space solutions are a requirement and the demand is only going to increase in the near future” – He further adds.
