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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatar fund may back RMZ scion’s co-working startup

Posted on 12 August 2016

A young scion at one of India’s largest commercial space developers is challenging WeWork, a heavily funded US startup focused on technology-enabled shared office spaces and which is finalizing its entry into the country.
The 26-year-old Sidharth Menda of Bengaluru-headquartered RMZ Corp is starting up a community workspace venture for millennials, called CoWrks, with likely financial backing from Middle East sovereign wealth manager Qatar Investment Authority (QIA). QIA has been a large investor in RMZ’s office space portfolio, topping 20 million sqft and has supported growth through acquisitions………………………………………..Full Article: Source


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