iSprout raises Rs.40-Cr from Vivriti Asset Management

Co-working company iSprout secured INR 40 crore through its first secured bond issuance from Vivriti Asset Management (VAM). It will use the investment to expand assets and enhance its presence in Hyderabad and Bengaluru. Established in 2016 by Sundari Patibandla, Sreeni Tirdhala, CA Sesshaa Prasad, and Vijay Oddiraju, iSprout addresses the demand for managed office spaces among startups and established firms.