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WeWork Enters into Food Business, Invests $32 Million in Larid Superfood

13Jan By NitishNo Comments

FUNDING

WeWork Enters into Food Business, Invests $32 Million in Larid Superfood

Laird Superfood, maker of assorted superfood products, secured $32 million in a private funding round that included WeWork as an investor. This latest round of funding will support an increase in product development, acquisitions and significant growth at Laird Superfood's Sisters, Ore based headquarters. "We are incredibly grateful to our investors and the community for their continued support. Our expansion will enable us to grow our product offerings, make room for even greater innovation and double down on our presence in the industry. This growth will add a great number of jobs in Sisters and the surrounding communities, across a variety of departments, and allow us to continue to stimulate our local economy," said Paul Hodge, CEO and co-founder of Laird Superfood. Laird Hamilt...

SoftBank Corp Invests in the Co-working Giant WeWork Yet Again

14Nov By Gauri SinghNo Comments

BUSINESS

SoftBank Corp Invests in the Co-working Giant WeWork Yet Again

SoftBank Corp has reportedly invested another $3 billion in financing into the co-working major WeWork. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher. This will value WeWork at $42 billion minimum. In August, SoftBank Corp invested $1 billion in WeWork in the form of a convertible note. Following this deal, SoftBank will pay WeWork $1.5 billion on January 15, 2019 and another $1.5 billion on April 15. SoftBank is far and away WeWork’s biggest investor, with SoftBank Vision Fund having poured $4.4 billion into the company just last year. More than physical land, WeWork wants to be the central connective tissue for work in general. The company often strikes deals with ...

WeWork India Expands its Footprints in Mumbai & Bengaluru

22Oct By Gauri SinghNo Comments

BUSINESS

WeWork India Expands its Footprints in Mumbai & Bengaluru

The Indian arm of the popular co-working company WeWork that is based in New York has picked up 0.5 million sq ft office space in one of the largest deals by a co-working company. The space has been leased across four locations in two major property markets of Mumbai Metropolitan Region and Bangalore. This would push the company’s total portfolio to nearly 2 million sq ft. Bengaluru, drop by our newest workspace on Old Madras Road. To know more: https://t.co/T2MR7hQtTS#weworkindia pic.twitter.com/cad53LYhpE — WeWork India (@WeWorkIndia) October 15, 2018 Out of this, the largest lease is for nearly 2 lakh sq ft in Navi Mumbai, followed by nearly 1.5 lakh sq ft in Bangalore. Talking about the details, the leases have tenure of total 20 years including initial term...

Co-Working Dominates Office Space Leasing, Read The Full Report Inside

16Jul By Gauri SinghNo Comments

ANALYSIS

Co-Working Dominates Office Space Leasing, Read The Full Report Inside

The year 2018 witnessed an increase in the office space leasing by 10 percent to over 20 million sq ft. This increase has been recorded in the first six months of this year. This clearly shows how the demand for co-working space is rapidly growing recently. What is office space leasing/ co-working leasing? Nowadays, the trend of renting a space for business operations is growing day by day. With a number of startups coming up in the business world, the demand and need for working space is also increasing. And for this, the startups need to lease a portion of an office to carry on their operations. This process is called office space leasing. According to the reports, the supply and leasing of co-working space saw an increase in these major nine cities including Delhi-NCR, Mumbai, Che...

Delhi Metro Introducing Co-Working Coaches For Startups

12Apr By Sheldan RungasamyNo Comments

Story

Delhi Metro Introducing Co-Working Coaches For Startups

myHQ, a co-working space based in Delhi, came up with the new initiative of re-designing specific metro coaches into a perfectly equipped co-working space in a bid to make its co-workers’ time more productive while commuting. In the recent years, the work life of the modern Indian has changed tremendously making every second of their day precious; after all, time is money. This fast lifestyle leaves no excuse for a missed deadline, network problems or commuting problems such as a jammed road or no proper infrastructure and facilities in the public transport to work. To answer these issues, myHQ began discussing with the DRMC last year to initiate a co-working platform in the metro and making its coworkers’ lives more productive and connected to the online world. The discussion...

SoftBank Considers Investment of Over $1Bn in WeWork: Report

31Jan By reutersNo Comments

FUNDING

SoftBank Considers Investment of Over $1Bn in WeWork: Report

SoftBank Group is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the matter. The deal could be among the first from SoftBank's $100 billion technology fund, the report said. SoftBank and WeWork declined to comment. WeWork is currently valued at nearly $17 billion and SoftBank's valuation of the company is expected to be at or above this figure, the publication said, citing sources. Citing sources, it also said SoftBank had earlier discussed an investment in WeWork before pulling out and added that talks may not result in a deal this time. Some SoftBank executives have reportedly raised questions whether the WeWork deal is overvalued, saying a company in the business of offi...

Bengaluru Based BHIVE Workspace Launches Its Largest Co-Working Space in Bengaluru

26Oct By AnkitaNo Comments

News

Bengaluru Based BHIVE Workspace Launches Its Largest Co-Working Space in Bengaluru

India’s leading shared office provider BHIVE Workspace has launched its largest co-working office in the heart of the Bengaluru city. The new office will be located at Prestige Towers, Residency Road and will have a capacity of over 600 members. With this, the company will strengthen its position as the largest co-working space provider in the city. “We are committed to extending the ‘BHIVE Experience’ to all entrepreneurs and professionals at the most convenient and premium locations. Our new co-working space at Residency Road is a huge step in this direction,” said Shesh Paplikar, co-founder and CEO of BHIVE Workspace. “We are focused on delivering the best co-working environment and our new office will set new benchmarks for office design and overall working experience,” he added. ...

WeWork Controversy- Startup Thinknum Removed After Negative Blogpost

24Jul By PriyankaNo Comments

Story

WeWork Controversy- Startup Thinknum Removed After Negative Blogpost

WeWork Cos, the office-space sharing start-up with an estimated $16 billion valuation evicted one of its tenants which wrote and take down a negative blog on medium that suggests members leave has surged in recent months. The posting on Tuesday by Justin Zhen, whose data analytics firm Thinknum operates out of a WeWork site on 42nd Street in Manhattan, also said that member engagement on WeWork's social networking platform is surprisingly low. The platform is seen inside the company as a key tool for creating a sense of community at WeWork locations. The company sees its fortunes tied to the premise that the entrepreneurs and young urban workers populating its workspaces will form lasting communities in part by being active on the network. Zhen's analysis said WeWork's historical churn ...

24Jul By Press Trust of IndiaNo Comments

FUNDING

Qdesq Raises Angel Funding To Tap Workspace Market

Qdesq, a workspace rental platform, has raised an undisclosed amount from a clutch of investors, led by Kajaria Ceramics Joint MD Rishi Kajaria, Jaipuria Beverage and Food Director Ruchirans Jaipuria and Jai Drinks Director Anuraag Jaipuria. The angel round also saw participation from existing investors Dheeraj Jain (Partner, Redcliffe Capital), Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra. The company, however, declined to share details of the funding. "We are currently at 216 venues across Delhi NCR in both formats - short occupancy (meeting rooms, workspace for a day and Qcafe) as well as long occupancy (workspace on monthly basis). With a current growth of 60 per cent month-on-month on the revenue side, 20-25 Qdesq verified venues are appended to the list on supply side ...

18May By PriyankaNo Comments

FUNDING

Bengaluru Based Bhive Co-working Space Raises $1million Funding

BHIVE Workspace, one of the well known brands in Bangalore’s startup ecosystem, has raised about $1 million in funding led by Blume Ventures. BHIVE Workspace is the largest co-working space in Bangalore catering to over 150+ ventures. With this $1 million funding, BHIVE plans to expand strongly in Bangalore while also establishing a presence in the top 6 cities of India. The funds will also be used to attract top talent, build technology that will further enhance customer experience and in turn position BHIVE as an undoubted leader in the office space market. Prior to this, BHIVE had attracted investments, from the likes of Raghunandan G (Founder, TaxiForSure), Rajesh Rai (Venture Capitalist and co-Founder, Venturesity), Arihant Patni (Managing Director, Hive Technologies), Sanjay M...

Stunning Office Pictures of BHIVE Workspace in Bengaluru

10Mar By NitishNo Comments

Story

Stunning Office Pictures of BHIVE Workspace in Bengaluru

Working from a garage is almost as expensive as working from a co-working space, when you take the operational expenses into account. For start-ups in Bangalore BHIVE Workspace in Bengaluru.is fitting choice. It’s moderately priced, provides excellent facilities and amenities, and the start-up community it houses is outstanding, if networking and synergizing is your thing. BHIVE has 4 workspaces spread around some of Bangalore’s trendiest neighbourhoods. Koramangala, Indiranagar and two in HSR Layout; all within a space of 10 kilometres. You can find them all on Google Maps and they pretty easy to reach. I chose to try out their HRS – S4 workspace because it’s the largest co-working space in Bangalore. I walked into BHIVE’s HSR S4 Workstation. I had a free one-day trial offer, and I fi...

This co-working space in Noida grown from 3 to 50 odd dreamers in a year

25Aug By AnkitaNo Comments

Story

This co-working space in Noida grown from 3 to 50 odd dreamers in a year

India in the present state has the largest working population in the world; this working population is young and works hard. People lifestyles have changed dramatically and they are working more on new ideas more than ever. The start-up culture has spread widely and has penetrated to the far ends of our nation. (more…)