Tablespace’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Tablespace Services Private Limited | CIN: U74999KA2020PTC138155
TableSpace, founded by Amit Banerjee, is a leading premium managed workspace provider catering to large enterprises and high-growth companies across India. Established in 2017, TableSpace specializes in delivering fully serviced, tech-enabled offices with customized solutions and flexible leases. With strong market traction and enterprise partnerships, TableSpace is expanding rapidly across Tier-1 and Tier-2 cities, demonstrating its strength in India’s evolving office space market.
| Metric | Detail |
|---|---|
| Founding Year | 2017 |
| Revenue FY22 | ₹105 Cr |
| Revenue FY23 | ₹180 Cr |
| Revenue FY24 | ₹250 Cr (proj.) |
| Total Employees FY23 | ~600 |
| Round | Date | Amount Raised | Valuation | Investors |
|---|---|---|---|---|
| Series B | Apr 2024 | $120M | ~$500M | Hillhouse, WestBridge |
| Series A | Mar 2021 | $50M | ~$200M | Sequoia, WestBridge |
TableSpace’s revenue rose from ₹105 Cr in FY22 to ₹250 Cr in FY24 (projected). Losses have narrowed from ₹40 Cr to ₹5 Cr, reflecting improved operational leverage and strong enterprise demand.
Expenses increased from ₹145 Cr to ₹255 Cr, but revenue growth outpaced costs, improving margins and moving closer to profitability.
Employee count grew from ~500 in FY22 to ~750 in FY24, highlighting operational scaling and service expansion to new geographies.
- Expanding in Tier-1 and Tier-2 cities.
- Strengthening enterprise client partnerships.
- Considering overseas expansion post-2026.
- No IPO announced yet; focus remains on growth and profitability.
Raised $120M in 2024 led by Hillhouse and WestBridge; expanded into new cities; strengthening enterprise offerings.
| Metric | Detail |
|---|---|
| Revenue Growth | Strong CAGR; projected ₹250 Cr FY24 |
| Profitability | Losses reduced by ~88% |
| Employee Growth | +250 employees since FY22 |
| Market Expansion | New cities, strong enterprise demand |
TableSpace’s rapid revenue growth, narrowing losses, and operational expansion reinforce its market leadership in managed workspaces. The company’s disciplined growth strategy and strong investor backing set it up for further success. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
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