iSprout raises $4M in Pre-Series A funding from private investors

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.

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iSprout raises $4M in Pre-Series A funding from private investors

Tags : iSprout,iSprout news,iSprout funding news

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