Table Space files DRHP for ₹800 Cr IPO with Hillhouse selling 4.9 Cr shares. GoCodeo launches full-stack AI coding agent. D2C nail-care brands gain traction in India.
Alpha Score of 75 reflects strong overall profile with moderate momentum, moderate value, strong quality, strong sentiment.
Table Space is back in the market with its IPO ambitions. The managed workspace provider has filed its DRHP with SEBI for an IPO that will include both a fresh issue and an offer-for-sale component.
The public issue comprises a fresh issue of shares worth ₹800 crore and an OFS of 6.55 crore shares. The biggest backer, Hillhouse Investments, will sell 4.9 crore shares, while founder Karan Chopra and co-CEO Kunal Mehra will chip in smaller lots of around 13.1 lakh and 1 crore shares, respectively. The company is also mulling a pre-IPO round of ₹160 crore.
Table Space's FY26 numbers revealed the familiar new-age tech pattern: robust top-line growth paired with stubborn losses. Revenue rose sharply while the loss narrowed, though the company remains in the red.
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. Plans to use IPO proceeds for debt reduction and acquisitions could further appeal to public market investors.
Despite improving revenues, Table Space remains loss-making and carries a heavy cost structure. Its leasing model requires significant upfront capital and exposes the business to occupancy, rental and demand cycles. 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, the next milestone is regulatory clearance.
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.
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.
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 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.
The startup 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 billion opportunity by 2030.
Nails are no longer an afterthought and India's D2C brands are finally catching up to that math. A shelf full of brands are betting that your nails deserve the same attention as your skin and hair, with new entrants targeting the nail-care segment.
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