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Investors Clinic, Kocreate to invest in co-working JV

Thursday, 23 Apr 2020
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Real estate consultant Investors Clinic and co-working space provider Kocreate have agreed to invest Rs 10 crore in an equal joint venture (JV) for creating new shared workplaces.

As per the agreement, the Delhi-based Investors Clinic will tie up with builders to create office space and Kocreate will run the centres. The consulting company will firm up partnerships with builders.

The initial investment has been done by the parent company. Both the companies are bringing in capital of Rs five crore each for the initial investment. The JV plans to add 5,000 seats within a year in Delhi-NCR and then expand operations nationally.

The new company will be branded Kocreat. All co-working spaces by Kocreate will be state-of-the-art, AI-enabled and COVID-19 compliant.

 
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