Topics
Latest
AI
Amazon
Image Credits:Table Space
Apps
Biotech & Health
Climate
Image Credits:Table Space
Cloud Computing
Commerce
Crypto
endeavour
EVs
Fintech
Fundraising
contrivance
stake
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
Startups
TikTok
deportation
speculation
More from TechCrunch
upshot
Startup Battlefield
StrictlyVC
Podcasts
TV
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Table Space , an Indian manage workspace supplier , is targeting a rating of $ 2.5 billion or more for an initial public offering be after for next year , sources familiar with the topic told TechCrunch .
The Bengaluru - headquartered inauguration has hired Axis as a bookrunner for the initial offering , the sources said .
base in 2017,Table Spaceleases large federal agency space , transforms them into fully service , tech - enabled campuses , and pop the question them to corporate guest as customized position , co - running spaces , and cope meeting room . Hillhouse Investment commit $ 300 million in Table Space in a financing round in late 2022 , and the startup is currently valued at about $ 550 million .
The company operates more than 60 shopping mall across six urban Native American cities , in the first place do Fortune 500 companies such as Apple , Google , Mastercard , PayPal , AMD , Ericsson and Shell . The startup has spread out its real the three estates portfolio to over 9.5 million satisfying understructure across major Indian cities , and direct to intimately double this step within three age by investing about $ 535 million .
Table Space declined to comment .
In arecent interviewwith an Indian daily , the fellowship ’s co - founder and president Kunal Mehra tell the companionship await annual revenue to reach nearly $ 600 million by March 2027 .
Table Space ’s initial offering and expanding upon plans come at a prison term of modest uncertainty in the global pliable workspace sector . While WeWork’shigh - visibility struggleshave cast doubts on the viability of the co - functional space occupation model around the mankind , demand for flexible office spaces in major Indian cities persist strong , repulse by a grow engineering sector and transnational corporations seeking to scale down long - term lease commitments .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Table Space ’s plans for the IPO also stick to the prima public debut of Awfis , a Peak XV - backedco - work infinite providerwhose stock has surged nearly 70 % in the five calendar month since its IPO . Many startups , include WeWork India , IndiQube , and Simpliwork , are also in various stages of deliberation to go public .
The Indian market has delivered more tech initial offering this yr than the U.S. as evaluation multiple approach all - time high in the South Asian market . Native American firms have raised more than $ 9 billion via IPOs and FPOs this year , even as increment - stage startup deals remain softened .
