Leaving the startup community in shock, The co-founder and CEO of managed workspace operator Table Space, Amit Banerji has passed away. At an early age of 44 CEO died of an heart attack on Monday.
The news was confirmed by the company via statement, “With deep sadness we announce the passing of Mr. Amit Banerji, our Founder, Chairman, and CEO… His impact on the company, its people, and the industry will be lasting, and he will be profoundly missed.”
Banerjee’s expertise in technology and real estate helped scale Table Space into a leading provider of managed workspaces.
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Table Space Was Aiming IPO This Year
The company was also aiming for a IPO this year with a target valuation exceeding $2.5 billion. Its last funding round in August 2024 valued Table Space at $480 million, with Axis reportedly engaged as the book runner for the public listing.
After working 13 years as Managing Director of Corporate Real Estate at Accenture, Banerji co-founded Table Space in 2017 with Karan Chopra and other key leaders.
Rise in Revenue
In FY24, the company reported a 35% revenue increase to Rs 919 crore, fueled by rising occupancy and expanded leasable areas. Under his leadership, Table Space also raised $330 million, including a $300 million investment from Hillhouse Capital.
According to a report by Tracxn, a private market data providing firm, his business acumen and leadership earned him an estimated Rs 866.8 crore in unrealized shares in Table Space.
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Keep Health on Check
His untimely demise is a sobering reminder of other recent losses in the startup world, including Epigamia’s Rohan Mirchandani and Pepperfry’s Ambareesh Murty.
Apurva Chamaria, Global Head of Venture Capital & Startups at Google, urged entrepreneurs and investors to take care of their lifestyles and mental health after confirming the news by a X post.
