Table Space Raises $300 Million From Hill House Capital: Report

Bengaluru-based Table Space raised $300 million from Hill House Capital. The company will utilise the fund to expand its operations, a report by The Economic Times suggested. 

Hill House Capital is an investment fund that focuses on buyouts and growth investments in regions including Asia, North America and Europe. In 2021, the company managed $73.3 billion in assets. 

Founded in 2017, Table Space provides workspaces to big enterprises in India. Currently, the company is managing 5 million square feet, which can accommodate 45,000-50,000 people. From 5 million, the company is aiming to expand its footprints to eight million, The Economic Times cited. 

"Table Space has signed some large clients recently and has been looking for funding to expand its business. The fresh funding will help them expand at a faster pace," multiple people who are aware of the development, told The Economic Times. 

"Corporates are increasingly seeing offices as both a capital-driven expenditure and a value-driven operating expense. The events of the past two years have accelerated the journey for enterprises, and many flex operators have expanded aggressively to support them in this transition," a person told The Economic Times while talking about the deal. 

However, the company did not comment anything about the capital infusion. 

Currently, Table Space is operational in six cities including Delhi-NCR, Hyderabad, Mumbai, Pune, Bengaluru and Chennai. 

Recently, the company leased more than 1.2 million square feet for Grade A commercial projects including Shobha in Bengaluru, Gigaplex in Navi Mumbai, DLF Cyber City Building 10 in Gurugram, BPTP Capital City in Noida and Panchaseel Business Park in Pune.