BHIVE Workspace, Bengaluru’s largest coworking space operator, is in advanced discussions to raise up to Rs 400 crore as part of its ongoing pre-IPO funding round.
The fresh capital will strengthen the company’s balance sheet and support its aggressive expansion plans across key Indian cities ahead of its planned stock market debut in 2027.
BHIVE Workspace Raises Up to Rs 400 Crore in Pre-IPO Round; Includes Debt and Rs 100 Crore Equity Infusion
The proposed fundraise includes a substantial debt component from a consortium of lenders, along with an equity infusion of around Rs 100 crore, which is close to final closure. The equity round has attracted strong interest from high-net-worth individuals (HNIs), family offices and existing investors. The current round marks a critical milestone in the company’s journey toward an initial public offering (IPO), targeted for 2027.
Bengaluru is India’s largest and most competitive coworking market, and BHIVE has built a clear leadership position here by consistently delivering unmatched value to both startups and enterprises. This fundraise accelerates our journey towards an IPO while enabling rapid expansion into key growth markets such as Pune, Hyderabad and Chennai,” said Shesh Rao Paplikar, Founder and CEO of BHIVE Workspace.
Know About IPO Company: BHIVE Workspace
Founded in 2014, BHIVE has emerged as Bengaluru’s largest coworking operator and the second-largest flexible workspace provider in the city, which is also the world’s second-largest coworking market.
Over the past four years, the company has recorded an impressive 150% compound annual growth rate (CAGR), significantly outperforming the industry average of about 41%. Strong unit economics, operational discipline, and a campus-led scaling strategy have helped BHIVE differentiate itself from listed peers in the flexible workspace segment.
BHIVE Financial Highlights
BHIVE’s growth outlook remains robust, with the company aiming to cross Rs 500 crore in revenue by FY28 and Rs 1,000 crore by FY30. Growth will be driven by its campus-led expansion strategy, increased enterprise adoption, and a diversified portfolio that includes coworking spaces, managed offices, virtual offices, and flexible access products.
One of BHIVE’s key differentiators is its ‘Campus-led Workspace’ model, currently spread across Bengaluru and Mumbai. Unlike traditional coworking spaces confined to single floors, BHIVE develops large integrated office campuses that combine premium workspaces with lifestyle infrastructure.
These campuses feature sports zones, cafes, lounges, shower facilities, and recreational areas, catering to corporates seeking a holistic office ecosystem rather than just desk space.
“BHIVE brings together a trusted, passionate founder and a highly scalable business model, which gives me strong conviction in their long-term success. Their growth, customer focus, and rapidly scaling campus-led model clearly demonstrate IPO readiness. BHIVE is entering a very exciting phase, and I’m proud to continue supporting their journey,” Alok Bajpai, Managing Director, India, NTT Global Data Centers and an investor in the ongoing round added.