LATTICE80, Singapore-based Fintech hub owned and operated by private investment firm Marvelstone Group, announced it is set to open its new office in India this month. According to Bloomberg, the hub is currently in discussion with thirty tenants for the 30,000 square feet office space, which is located in Visakhapatnam. CEO Joe Seunghyun Cho revealed to the media outlet:
“While it is difficult to find good engineers for tech startups globally, there are millions of them in India. The pool is strong and deep, and labor costs are low. The country is one of the best places to build tech resources.”
As previously reported, LATTICE80 opened in November 2016 and its not-for-profit collaboration and events space are designed to bridge the public and private sectors. Cho went on to add that LATTICE80 is planning a global expansion and is planning to open an office in the Middle East later this year, along with adding branches in London, New York City, and Silicon Valley next year. Other Asian cities for potential offices include Hong Kong, Jakarta, Bangkok, and Ulaanbaatar.