Category: Business Expansions

Innov8 co-working raises $4 million in pre-series A funding to double its seats to 8,000.

Innov8 Coworking, the Y-Combinator backed workspaces and community startup, on Thursday announced that the firm had raised USD 4 million funds to expand its business and double its seating capacity to 8,000 by March next year. Innov8 was started in 2015 by Ritesh Mallik. It currently has 13 coworking spaces in the National Capital Region…

Hyatt Hotels Corp. to Buy Two Roads Hospitality.

Hyatt Hotels Corp. the American multinational hospitality company on Monday announced its interest to buy Two Roads Hospitality for a base price of $480 million. In India, Alila Diwa Goa and Alila Fort Bishangarh are the two properties that belong to Two Roads Hospitality. Through this deal, Hyatt will add 85 properties to its existing portfolio of…

TCL Corporation plans to invest Rs 2,000 crores at Tirupati unit.

TCL Corporation, a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province, is planning to invest Rs 2,000 crore in its newly proposed manufacturing facility at Tirupati, Andhra Pradesh in the first phase, according to an ET post. TCL expects to start manufacturing from the first unit in India by October 2019. The unit will…

Regal Beloit Corporation Sets up its New Manufacturing Plant in Ahmedabad, India.

Regal Beloit Corporation is a manufacturer of electric motors headquartered in Beloit, Wisconsin. Mr. Jonathan J. Schlemmer, Chief Operating Officer of Regal Beloit Corporation, inaugurated Regal’s new manufacturing plant at Ahmedabad, on October 4, 2018. The new facility is located in Gallops Industrial Park, Changodar, Ahmedabad.  The state-of-the-art manufacturing plant will produce 3 Phase High Efficiency and…