iSprout, a well-known collaborative workspace in India, has raised Rs 40 crores through the sale of its first secured bond. Vivriti Asset Management (VAM) made a bond subscription.
The capital will be utilized to increase iSprout’s assets and operations in Bengaluru and Hyderabad. Another important area of the funding is the advancement of exclusive technologies for automated processes, as per reported by Yourstory.
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iSprout responds to the need for managed office space between established businesses and startups.
Sundari Patibandla, CEO and co-founder commented on fundraising, “iSprout’s core strength lies in proving premium managed office solutions with five-star rated services. The faith shown by Vivriti Asset Management in our vision to create a better and more inviting work environment has resulted in helping us fund our dreams of slow but steady expansion across India.”
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About iSprout
iSprout is more than just a typical co-working space; it was founded by eminent professionals with years of experience in the field of technology.
They are building a neighborhood where businesses can settle. By doing this, they give you business support from beginning to end along with a prestigious address and inspiring workspaces. Sundari Patibandla, Sreeni Tirdhala, CA Sesshaa Prasad, and Vijay Oddiraju founded it in 2016.
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