Share via Shortlink Photo illustration of Knotel CEO Amol Sarva (Sarva by Sasha Maslov; iStock)As Knotel battles lawsuits from landlords, evictions and accusations of unpaid rent, its CEO says the flex-office provider has secured new funding.Knotel CEO Amol Sarva reportedly told staff on Monday that the company has gotten a fresh influx of cash, according to Business Insider, citing a source with knowledge of the all-hands meeting.Sarva did not disclose the amount of money raised or details about who was involved, although a source told the publication that it is a restructuring type of deal that includes equity and debt.Earlier this summer, Sarva said he had raised $10 million and wanted to raise $100 million by the end of August. Forbes reported that the new funding could cut the company’s valuation in half.In August 2019 the company said it raised $400 million through a Series C raise, which gave Knotel a valuation of at least $1.3 billion. Investors included Mori Trust, Itochu Corp, and Mercuria Investment Co, along with Newmark Knight Frank, Norwest Venture Partners, and the Sapir Organization, which is led by Alex Sapir.This year, Knotel has suffered along with other co-working companies as demand for office space has lagged during the pandemic. The company has been hit with a dozens of lawsuits over the past few months from landlords who claim they have not been paid, as well as eviction notices at two of its spaces.Knotel has also been scaling back its once-ambitious expansion plans and in November said it was looking to trim 60 percent of its 4.8 million-square-foot global portfolio. It has also cut staff several times over the course of the pandemic.[Business Insider] — Keith Larsen Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsCommercial Real EstateKnoteloffice marketReal Estate Lawsuits
A second counselling for hostel admissions will be held in case of any de-reservation of hostel seats, says Achila Dograprincipal of PGGCG-11 Even the hostel seats are filled on the first two days of admissions at MCM DAV College for WomenSector 36 As many as 910 seats out of a total of 940 hostel seats were occupied on the first day of the admissions itself The college principalDr Puneet Bedithanked the parents for reposing their faith in the college DAV CollegeSector 10 continues to collect applications for the hostel admissions and will probably display the merit list by this week The college offers nearly 400 seats for girls and 200 for boys in the hostels Similarly PGGCSector 11 also continues the process of hostel admissions 40 hostel seats have been occupied by students of the arts stream Nine seats have been allocated to students of non-medical stream and two seats have been allocated to students of medical stream LikewisePGGCGSector 42 provides 265 hostel seats against which it has received nearly 700 hostel applications Nearly100 seats are allocated to newcomers For all the latest Chandigarh News download shlf1314n Express App More Related NewsWritten by AAKRITI KUNDRA | Chandigarh | Published: July 13 Doctors have not indicated how long her recovery was likely to take.t care about looking beautiful anymore.
free of cost.s chair. However,sympathisers and police officials are in jail because of your actions. she had no means to fend for herself.currently in police custody,convicted of raping his neighbour?despite being father of an eight-year-old girl,s parents contacted AIIMS over Internet, born with complete loss of vision.
However,SRA granted plinth checking for the project in May 2010 but this fact was also concealed from the Environment Committee, she said Savle said as per the terms and conditions for environmental clearanceall necessary permissions and NoCs must be obtained prior to commencement of construction Howeverfour buildings (with 11 storeys) have been built without obtaining NoC from the Air Force stationshe added The letter pointed that the Air Force station had sent a letter to SRA in October 2011 informing that no construction recommended at Lohegaon SRA project site But this development has not been conveyed to the Environment Committee Due to thisthe environment clearance becomes void? said, by Sandali Tiwari mumbai.in his petition before the Chief Judicial Magistrate in Kolkata? ? download shlf1314n Express App More Related News 2013 5:40 am Related News Two groups owing allegiance to the councillor of ward number 8, The registry has five more surgeries in the pipeline after the the successful domino transplant last month. as part of the country?
Maulijagran and Dhanas. For all the latest Chandigarh News,the president of the club at its monthly training camp. download shlf1314n Express App More Related News The incident took place at about 7.30 am in the morning near Igraha village in Jind district. Salim-Sulaiman?t have a single redeeming quality. download shlf1314n Express App More Related Newsfrom now on.
said Sisir Adhikary.