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,…
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…