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 India has announced a company-wide 10-day extended break for its employees during Diwali. The company said in a statement, “As an employee-first organisation, WeWork India has introduced various people initiatives to enhance its employee experience and overall company culture. This surprise holiday break was announced, to help employees celebrate the festival of lights with…
Pitstop, a tech-enabled multi-brand car service provider, has announced the appointment of its new Chief Executive Officer – Services, as it prepares to move ahead with the next stage of growth. “The auto aftermarket industry is at an inflection point. There are new technologies fuelling new business models. Pitstop continues to innovate and scale in…
WeWork India announced some key changes to its India leadership team. The co-working major has appointed Clifford Lobo as Chief Financial Officer (CFO). It has also appointed Hiranmai Rallabandi as General Counsel and Santosh Martin has been elevated to Head of Sales. “Clifford Lobo has been appointed the new CFO at WeWork India…Hiranmai Rallabandi joins…
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…
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…