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
Chinese is very particular about the food, eat in the above is not vague, delicious food and beverage brands can always get the attention of the catering industry, has a huge market demand for entrepreneurs, open a specialty food stores, will bring a hot business. Today, the food and beverage industry, although there is a strong market demand, but the competition is quite large, we must do the catering business, to be able to enhance their competitiveness, to bring better development. So, how to open a special restaurant profitable.
in China with the world’s most populous country, is also the spread of classical delicacy, so that you can know, China has many of the characteristics of food, all food tastes are different, so the special food is very popular, with Chinese catering sector the competition is quite fierce.
at this time should seize the point, this point is now the pace of life of people, with the development of modern society is speeding up, the pace of life has been accelerated, so the meal time has been shortened, resulting in fast food joining hot, and investors is the one therefore, the characteristics of fast food franchise has welcomed by the people, not only for consumers to enjoy the delicacy, but also make the operator has received very high effectiveness.
after the expert survey found that the characteristics of fast food not only to join a wide range of consumer groups, and the market prospect is very good, the stores were delicious early in the evening to provide consumers with affordable, at the same time, plus the dining environment fashion and warmth, formed a strong market competitiveness, to join people can join the characteristics of fast food by joining the project, to build their own business platform, to accumulate their experience and money for yourself, let yourself go on the road to riches.
food and beverage industry is a good start, but also a great pressure of competition, is worth the business industry, hope the above article helps entrepreneurs to open specialty food stores, to bring good profit, which also has a lot of problems need attention. Easy to operate the shop is difficult, in the course of the operation, may encounter many problems, I hope you can be careful management, to bring better development and profitability.