IPO
Managed workspace provider Tablespace to go for $350-M IPO
Bengaluru-based managed workspace provider Tablespace Technologies is preparing to file for an initial public offering that could raise USD 350-M. The company is backed by Hillhouse.Founded in 2017, Tablespace Technologies currently manages office spaces across various locations in India. The company plans to use the capital raised from the public market to expand its operations and scale its footprint in the commercial real estate sector.
Between Nov 2022 and Jan 2024, Table Space had attracted about $ 400 M from Hillhouse Capital.For FY25, Table Space had reported about INR 1,357 Cr in Operating Income and about INR 1,565 Cr in Net Loss.
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