Total amount raised
$300 Millions
Latest funding date
11/1/2022
Location
Table Space has successfully raised funds through private equity, with its latest round closing on November 28, 2022. The company is backed by Hillhouse Investment, a prominent player in the investment landscape.
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, founded in September 2017 by Amit Banerji and Karan Chopra, is headquartered in Bengaluru, Karnataka, India. The company specializes in providing premium managed workspace solutions tailored to dynamic business needs.
With a workforce of 251-500 employees, Table Space offers a comprehensive Enterprise Workspace-as-a-Service (WaaS) platform. Their services include leasing, designing, building, and operating customized workspaces to meet global standards of safety, security, governance, and compliance.
Recognized as India's largest GCC enablement partner, Table Space caters to Fortune 500 companies and other prestigious businesses, creating bespoke office spaces across multiple cities in India.
How Much Funding Has Table Space Raised?
- Amount Raised: $300M
- Date: November 2022
- Lead Investors: Hillhouse Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations from managing 5 million square feet to 8 million square feet of workspace.
Total amount raised: $300M. Current valuation: Not publicly disclosed.
Key Investors
- Hillhouse Investment
- Details: Hillhouse Investment is a global private equity firm known for its significant investments in various sectors. They have a strong presence in Asia and are recognized for their strategic investments in high-growth companies.
- Investment Focus Areas: Technology, healthcare, consumer goods, real estate.
- Notable Investments: eRoad, Table Space, JD.com.
What's Next for Table Space?
Table Space is poised to capitalize on the burgeoning demand for flexible office spaces in India. With plans to expand its footprint to 8 million square feet by December 2023, the company is well-positioned to serve a growing clientele, including major corporations like Dell and Fujitsu. This expansion represents a significant opportunity to solidify its market presence in key cities such as Pune, Bengaluru, and Mumbai.
Future fundraising opportunities appear promising, given the recent $300 million investment from Hill House Capital. This influx of capital not only supports immediate growth but also sets the stage for potential future rounds as the company scales. However, challenges such as intense competition from other coworking providers and the need to maintain high service standards during rapid expansion could pose hurdles. Nonetheless, the strong investor confidence suggests a bright future for Table Space in the dynamic coworking sector.
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