VIJAYAWADA: Hyderabad-based working space provider iSprout Business Centre Pvt Ltd opened its state-of-the-art, fully equipped, 12,000 sqft office workspace for start-up companies near Benz Circle here on Tuesday. AP Innovation Society CEO Winny Patro and AP Housing Board Managing Director Kantilal Dande formally inaugurated the workspace, which will have 200 seats.
“Demand for office spaces has increased gradually in Vijayawada after announcement of State capital Amaravati. The newly opened business centre will cater to the needs of start-ups in the city,” iSprout Business Centre CEO Sundari Patibandla said.
iSprout is also set to make foray into Chennai. As part of a nationwide drive, its franchises will come up in Pune, Bengaluru and Gurugram in the next six months. The centre has so far invested `25 crore into its initiative to expand and the promoters will pump in another `25 crore, she added.