In Brief: Embassy Group lines up co-living foray; Mastercard may invest in Pine Labs
Summary
Bengaluru headquartered real estate developer Embassy Group is entering the co-living space, The Economic Times reported. The company plans to roll out 10,000 beds under co-living residential offering Olive with an investment of Rs 1,000 crore by 2021. Separately, Embassy Group is also in the process of raising Rs 4,000 crore through the divestment of assets to retire debt and invest in the expansion of WeWork India. Read: 2020 likely to see rise in ownership model of co-working spaces, says Anarock’s Puri Global payments technology giant Mastercard is in talks to invest in point-of-sale (PoS) solutions provider Pine Labs as part of a $300 million financing round, The Economic Times reported. Ghost Kitchens will offer capital, infrastructure, backend, marketing, and administration services to the two brands, the report said.
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