Chinese e-commerce major Alibaba, recently signed a deal with co-working space venture CoWrks for 30 seats. It has rented 30 seats in a flexible office in Bengaluru as it wishes to set up its presence in the startup capital of India.x
The company had signed a deal for the dedicated seats with CoWrks which is owned by RMZ. This is said to be one of the largest commercial real estate developers in our country. RMZ infinity is a 400 seat dedicated office space which is quite flexible on Old Madras Road in Bengaluru.
Alibaba made a deal to pay Rs. 20,000 per month for a desk. This company had opted for a dedicated team including HR, admin, and operations working out of CoWrks in RMZ infinity in Bengaluru.
It was in the last year when Alibaba had opened its first dedicated office in Mumbai. It is paying a rent of Rs. 275 per sqft a month.
A spokesperson of Alibaba spoke of this saying: “India is an important emerging market with great potential and we are absolutely committed to developing this market for the long term.”
Well, waiting for an official statement to be made.