BHIVE plans to raise a coworking-focused alternative investment fund (AIF) worth Rs 400 crore ($54m) to fuel its growth. The proposed new fund will target fully completed commercial real estate properties at prime locations with clear titles and occupancy certificates. The company will also wind up its current AIF fund, which Sandeep Gupta managed. The new fund will offer a unique opportunity to HNIs and family-owned businesses interested in investing a minimum of Rs 1 crore.
