Total amount raised
$300 Million
Latest funding date
11/1/2022
Location
Table Space has raised an undisclosed amount in a single funding round, with Hillhouse Investment as the sole investor. The company specializes in providing premium managed workspace solutions tailored to the needs of dynamic businesses.
Keep reading to explore the intricacies of Table Space's fundraising journey and the investors backing this innovative platform.
What Is Table Space?
Table Space is a prominent player in the commercial real estate and coworking industries, specializing in premium managed workspace solutions. Based in Bengaluru, Karnataka, India, the company caters to dynamic business needs with a focus on flexibility and efficiency.
With a workforce of 251-500 employees, Table Space operates in major Indian cities, including Pune, Hyderabad, Mumbai, Noida, Chennai, and Gurugram. The company offers Custom-Built Offices and Ready-To-Move-In Suites, ensuring a seamless workspace experience for enterprises.
How Much Funding Has Table Space Raised?
- Funding Round Type: Private Equity Round
- Amount Raised: USD 300,000,000
- Date: November 2022
- Lead Investors: Hillhouse Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Table Space's operations across India, aiming to increase its footprint to 8 million square feet by December 2023.
Total Amount Raised: USD 300,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Hillhouse Investment
- Details: Hillhouse Investment is a global private equity firm that has invested $300 million in Table Space. They are known for their significant investments in various sectors, including technology and real estate.
- Investment Focus Areas: Technology, Real Estate, Private Equity
- Notable Investments: eRoad, Table Space
What's Next for Table Space?
Table Space is poised for significant growth, with plans to expand its footprint to 8 million square feet by December 2023. This expansion will allow the company to serve more corporate clients and lease additional grade-A commercial spaces in major Indian cities.
Future fundraising opportunities appear promising, especially given the recent $300 million investment from Hillhouse Investment. This substantial backing positions Table Space favorably for attracting further investments to support its ambitious growth plans.
However, the company may face challenges such as competition from established players like WeWork India and Innov8, as well as managing the logistics of rapid expansion. Ensuring consistent quality across different locations will be crucial for maintaining their market position.
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