Connect with us

Latest News

Alibaba Signs Deal With CoWrks To Rent Space Venture In Bengaluru

Published

on

Alibaba, Alibaba signs deal with CoWrks, ecommerce alibaba, sidharth menda, RMX Infinity, CoWrks, Bengaluru, Alibaba CoWrks, startup companies, RMZ, RMZ infinity,

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.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

Published

on

Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

Continue Reading

Latest News

How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

Published

on

Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

Continue Reading

Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

Published

on

Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

Continue Reading
Advertisement

Recent Posts

Advertisement