Co-working major WeWork India said it has raised Rs 550 crore from funds managed by BPEA Credit. The amount will be used for future growth and potential consolidation opportunities, according to PTI report. WeWork India has a portfolio of around 70,000 desks spread over 6 million square feet area in 41 centres across Bengaluru, Mumbai,…
Tanger Factory Outlet Centers, Inc has announced that Sandeep Mathrani has been elected to its Board of Directors, effective immediately. Mr. Mathrani is currently the Chief Executive Officer of WeWork Inc. and brings with him more than three decades of professional experience. “I am thrilled to welcome Sandeep to the Tanger Board and look forward…
Branch International, ETtechPersonal finance app, has appointed Sucheta Mahapatra as managing director, India. This step, as the company claims, will strengthen its commitment to growth. The finance app has also committed to subsequently ramp up the workforce in India. The firm, since 2019, claims to have disbursed over Rs. 1.21 billion in loans. An IIM-Ahmedabad…
WeWork Global, a US-based commercial real estate company that provides shared workspaces for technology startups and services for other enterprises, announced that it has bought 20% stake in WeWork India, a fully-owned subsidiary of Bengaluru-based estate developer Embassy Group, for $100 million. The investment is in line with the Company’s plan to scale up its…
Softbank-backed coworking space company, WeWork recently announced that it will inject $100mn in its India unit WeWork India to help boost growth. The two companies are trying to take advantage of the long-term opportunities that India offers as a flexible workspace market. “The fresh round of capital from our long-term partners at WeWork Global represents…
Layoffs have become a common phenomenon in these unprecedented times. The coronavirus has impacted several businesses, forcing them to resort to tough measures like cost cutting and downsizing. The recent company to fall in the crisis is shared office space startup, WeWork. Recently, WeWork India said that it has laid off nearly 20% of its…
Office-sharing startup WeWork recently named former Ernst & Young executive, Shyam Gidumal as the company’s new Chief Operating Officer. Shyam’s appointment is the first major appointment under the new Indian-origin CEO Sandeep Mathrani. Earlier in February, real-estate expert Mathrani was appointed as the Chief Executive Officer by the company. In a statement, CEO Mathrani said,…
“When the oxygen mask falls down, try to save your own life before helping others.”Making the decision to quit your employer can be a difficult one. Leaving a good-paying safe job to a future of uncertainties can easily scare away the possibilities of resigning. But you’re not always in the position to make that decision…
SoftBank, a name we all are familiar with in the startup ecosystem. From setting up the world’s biggest investment fund “The SoftBank Vision Fund” to aggressively investing in tons of startups, SoftBank has established itself as a mark in the startup economy. But all is not going well with the brand. For the past few…
It doesn’t seem that their troubles are getting over soon. In the past few months, OYO has managed to gather a different spotlight on itself with a New York Times report on its toxic work-culture, IT raids at their Gurugram headquarters and death of a sportsperson in one of their properties last year. Adding to troubles, came the firing of thousands of its employees from China and India business.
2019 was a very dramatic year for the business ecosystem. A global economic slowdown, reduction in profits and bankruptcy filing by many companies. But there was something else also going on behind the closed doors of corporate headquarters. Last year witnessed resignations of many top executives from big companies and start-ups. While this could be…
Many studies have pointed out that the “Always On” work environment reduces productivity of an employee, increases stress and jeopardizes their personal life. This has led to many problems for the employees, like depression, anxiety disorder, etc.
WeWork India plans to raise $200 million to expand the India business. As of now, WeWork India has 26 operational coworking centres with 46,000 seating capacity. The company is looking at increasing its capacity to one Lakh seats. Bangalore-based Embassy Group holds the franchise rights to WeWork India and holds about 80% stake in the…
Innov8 Coworking, the Y-Combinator backed workspaces and community startup, on Thursday announced that the firm had raised USD 4 million funds to expand its business and double its seating capacity to 8,000 by March next year. Innov8 was started in 2015 by Ritesh Mallik. It currently has 13 coworking spaces in the National Capital Region…