Table Space All Set For IPO, Watermarking AI & More

Table Space’s ₹800 Cr IPO

Table Space is back in the market with its IPO ambitions. The managed workspace provider has filed its DRHP with SEBI for an IPO, which will comprise both fresh issue and an OFS component. But what does Table Space’s public market play look like?

The IPO Book: The startup’s public issue comprises a fresh issue of shares worth ₹800 Cr and an OFS of 6.55 Cr shares. The biggest backer, Hillhouse Investments, will sell 4.9 Cr shares, while founder Karan Chopra and co-CEO Kunal Mehra will chip in smaller lots of around 13.1 Lakh and 1 Cr shares, respectively. The company is also mulling a pre-IPO round of ₹160 Cr.

The Number Game: The managed workspace provider’s FY26 numbers revealed the familiar new-age tech pattern: robust top line growth paired with stubborn losses. 

Here is a quick look at Table Space’s FY26 numbers:

• Operating revenue zoomed 66% YoY to ₹2,262 Cr
• Net loss narrowed 74% YoY to ₹402 Cr
• Total expenses soared 55% YoY to ₹2,383 Cr
• Normalised EBITDA stood at ₹453.8 Cr, up from ₹202.3 Cr in FY25

Enterprise-Grade Scale: Table Space enters the IPO race with strong demand, marquee clientele and a growing managed workspace portfolio. Its revenue growth and sharply narrower losses in FY26 provide a stronger public-market narrative, while plans to use IPO proceeds for debt reduction and acquisitions could further appeal to public market investors.

Bumpy Ride Ahead? Despite improving revenues, Table Space remains loss-making and carries a heavy cost structure. Its leasing model also requires significant upfront capital and exposes the business to occupancy, rental and demand cycles. As a result, the IPO-bound startup will likely face scrutiny over cash flows and its long march to profitability, even as many of its peers already operate in the black.

With the ball now in SEBI’s court, which will scrutinise the managed workspace provider’s IPO documents, here’s a sneak peek into Table Space’s DRHP. 

From The Editor’s Desk

Anthropic To Watermark Content

• Anthropic has committed to watermarking all content across Claude products, including APIs, Code, Cowork and enterprise deployments. Most Claude models in the European Union began carrying the watermark last week.
• The system will operate across two layers. While invisible, machine-readable watermarks will be embedded in Claude-generated text generated, digitally-signed provenance metadata will be attached to files such as PNG, JPG and SVG.
• The rollout arrives as India is mulling tighter obligations for AI platforms to label deepfakes and AI-generated material. The proposed framework also contemplates visible or audible labels and permanent metadata where technically feasible.

Porter’s FY26 Snapshot

• The logistics unicorn’s net profit zoomed 314% YoY to ₹229 Cr in FY26 on the back of operating revenue surging 54% YoY to ₹6,650 Cr during the fiscal. However, expenses also continued to bite, rising 52% YoY to ₹6,505 Cr.
• Founded in 2014, Porter offers B2C and B2B logistic services, including movement of goods, packers and movers service for relocation, and intercity courier services. It derives the majority of its revenues from MSMEs and small-scale manufacturers.
• The startup claims to serve over 30 Lakh customers every month across 35 Indian cities, including 20 Lakh MSMEs and 3 Lakh driver-partners. It plans to increase its footprint to 50 cities by 2030, while expanding its SME pool to 1 Cr.

LEAP India’s IPO Oversubscribed

• The logistics tech company’s public issue closed with an oversubscription of 8.38X, receiving bids for 96.3 Cr shares as against 11.5 Cr shares on offer.
• Qualified institutional buyers led the charts, subscribing their portion 16.84X. Meanwhile, NIIs and retail investors also poured healthy interest and subscribed their  quotas 12.6X and 1.7X, respectively.
• The public issue comprised a fresh issue of shares worth up to ₹480 Cr and an offer for sale of up to ₹2,000 Cr. At the upper end of its ₹151 to ₹159 price band, the IPO values the company at ₹7,004.5 Cr. LEAP India shares will not hit the bourses on August 14.

Discovered Materials Bags $9 Mn

• The AI-powered materials discovery startup has raised about ₹86 Cr in a seed round led by Lightspeed India Partners to expand its team and laboratory infrastructure and scale its AI agents for materials research. 
• Founded in 2026, Discovered Materials is building AI agents to automate parts of the materials discovery process for chips, including simulation, synthesis and experimental validation. It has been incubated at Y Combinator.
• The funding comes amid growing investor interest in startups developing vertical AI agents for industry-specific workflows. The space is being driven by a massive local engineering pool and growing enterprise demand for automation and efficiency.

Blinkit & Zepto Under Scrutiny

• The Maharashtra Food and Drug Administration has suspended the food licence of a Blinkit facility in Mumbai’s Malad West after an inspection uncovered a cockroach infestation and several food-safety violations.
• The inspection, conducted on August 7, found “extremely unhygienic” conditions, improper food storage, inadequate cleaning of the cold-storage area and expired, damaged or tampered packaged food products.
• Karnataka’s Food Safety Division has also sealed a major warehouse of Zepto in Bengaluru’s Hoskote. During the inspection, officials found non-compliant product labelling, misbranding, and unhygienic food storage and handling conditions. 

Inc42 Markets

Inc42 Startup Spotlight

Inside GoCodeo’s Agentic Stack For Coding

AI-led coding is increasingly becoming the norm. But full-stack software development involves much more: structuring projects, testing code, fixing bugs and shipping reliable releases. GoCodeo is building an AI coding agent that works across this full loop.

Prompt To Production: Founded in 2023, GoCodeo is designed to help developers build, test and deploy software from within VS Code. Its agent can work across project setup, code generation, debugging, testing and deployment, positioning the startup as more than a standalone code suggestion tool.

Agent-Driven Environment: GoCodeo integrates with Git for repository initialisation as well as commits and pull requests, while its TEST workflow generates unit tests and helps diagnose failures. The platform also supports multiple programming languages and more than 25 frameworks, and also offers integrations with tools such as GitHub, Notion, Stripe and Supabase via MCP agents.

GoCodeo also pitches context-aware, autonomous actions inside the integrated development environment, and has open-sourced a full-stack SaaS builder framework.

A Growing Ecosystem: GoCodeo claims to have more than 25,000 developers on its platform and counts Google for Startups and NSRCEL among its ecosystem supporters. The startup is eyeing a piece of the growing Indian enterprise AI market, which is projected to become a $71 Bn opportunity by 2030. So, can GoCodeo become the go-to platform to ship software?

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