Co-working space iSprout raises $4 million in pre-Series A fundin

iSprout, a managed office space solution provider for startups and enterprises, has announced it recently closed a pre-Series A funding round of $4 million from private investors. It said that it is looking to raise a Series A funding round of $10 million to capitalise on the expansion of the managed office space market. Sundari Patibandla, CEO and co-founder of iSprout, said, “Managed office spaces have seen significant growth and are expected to dominate the commercial real estate sector in the post-pandemic future. We are emphasising on meeting the ever-evolving modern-day office requirements and the funding received in the latest round gave a boost to our plans.” Sreeni Tirdhala, CMO and co-founder of iSprout, said, “We as a co-working and 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 added.