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BHIVE Announces New Co-working Focused Rs 400 Crore AIF CAT-2 Fund

Bengaluru, August 16, 2023: Bengaluru-based co-working giant, BHIVE, has announced the launch of its new Rs 400 crore CAT-2 alternative investment fund (AIF) focused on co-working.

A press release issued by the company says that it has decided to wind up its current AIF fund.

 “There has been exponential growth in the number of AIFs in India. Unlike a decade ago, when offshore investors were funding India’s AIFs, the expanding pool of domestic investors is helping them grow today. We see a tremendous opportunity in this segment and will go aggressive with our plans as we embark on the next growth phase of the organisation,” said Sheshagiri Rao Paplikar, Founder & CEO of the BHIVE Group.