Table Space eyes $2.5B valuation in India IPO
Table Space is targeting a valuation of $2.5 billion or higher for an India IPO planned planned for 2025.
Table Space, an Indian managed workspace provider, is targeting a valuation of $2.5 billion or more for an IPO planned for next year, sources familiar with the matter told TechCrunch.
The Bengaluru-headquartered startup has hired Axis as a bookrunner for the IPO, the sources said.
Founded in 2017, Table Space leases large office spaces, transforms them into fully serviced, tech-enabled campuses, and offers them to corporate clients as customized offices, co-working spaces, and managed meeting rooms. Hillhouse Capital invested $300 million in Table Space in a funding round in late 2022, and the startup is currently valued at about $550 million.
The company operates more than 60 centers across six urban Indian cities, primarily serving Fortune 500 companies such as Apple, Google, Mastercard, PayPal, AMD, Ericsson and Shell. The startup has expanded its real estate portfolio to over 9.5 million square feet across major Indian cities, and aims to nearly double this footprint within three years by investing about $535 million.
Article