WeWork India

Coworking major WeWork India has started a new centre in Pune with 1,500 desks and 96,000 square feet area amid rising demand for flexible office space from corporates. The new facility is located at Raheja Woods IT Tower developed by K Raheja Corp. "This is an asset-light deal, and the company has leased the entire building comprising five floors in this Kalyani Nagar property, spread across a deskspace of 1,500," WeWork said in a statement. This is the company's third facility in Pune. Arnav S Gusain, Chief Supply Officer, WeWork India, said, "Pune has offered quality real estate over the years, leading to its emergence as one of the strongest and ideal cities for companies to set up their offices. Spaces such as WeWork India allow companies to plug-and-play within their budget instead of wrestling with office layouts and fit-outs". The company would continue expanding its footprint further, he added. WeWork India has a portfolio of over 6.5 million square feet area across 44 .

The company said it will use fresh funds for future growth and potential consolidation opportunities

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Co-working giant WeWork is striving to gain a foothold in big Indian cities. Business Standard's Surajeet Das Gupta caught up with Karan Virwani, founder and CEO of WeWork, India, to know more

Co-working space company 'would love' to go public but has not decided about that yet: Karan Virwani

Flexible workspace provider WeWork India on Thursday made its first investment in the country, in Bengaluru-based conferencing and collaboration platform Zoapi for an undisclosed sum.

Co-working major WeWork India on Thursday said it has taken on lease 3.62 lakh square feet office space in Bengaluru as part of its expansion plan amid rising demand for flexible workspace. In 2017, WeWork Global had partnered with Bengaluru-based Embassy Group to enter the Indian market. WeWork India currently has over 5 million square feet of portfolio across 40 locations in Delhi-NCR, Mumbai, Bengaluru, Pune and Hyderabad. In a statement, WeWork India said it has taken on lease 3.1 lakh square feet at 'Kalyani Roshni Tech Hub' and 52,000 square feet at 'Embassy One'. Set to open in December this year, Kalyani Roshni Tech Hub is located at Outer Ring Road and houses over 5,000 desks spread over eight floors. Embassy One building is strategically located between two key business districts on Bellary Road with a capacity of over 600 desks across two floors. WeWork India has entered into an operator model at Embassy One. On the other hand, Kalyani Roshni Tech Hub has been leased in

The workspace at WTC Pune spans over 55,000 square feet while Embassy Sunriver in Bengaluru is spread over 61,000 square feet, WeWork India said in a statement

We have given an entire office tower comprising 660,000 square feet, on 15 years lease to WeWork India, says Bhutani group CEO Ashish Bhutani

Coworking major WeWork India is expecting 33 per cent growth in revenue during this calendar year at around Rs 1,000 crore, on the back of rising demand for flexible workspaces. In an interview with PTI, WeWork India Chief Executive Officer (CEO) Karan Virwani highlighted that the company has become profitable for the first time during January-March 2022, with a profit of Rs 25 crore at EBITDA (earnings before interest, taxes, depreciation, and amortization) level. "Our revenue was Rs 250 crore during the first quarter of this calendar year. We expect Rs 1,000 crore revenue in 2022 calendar year," he said. Profit is estimated at over Rs 100 crore (EBITDA). Virwani said the company had posted a revenue of Rs 750 crore in the 2021 calendar year. On the operational front, WeWork India has leased 1 million square feet in the first quarter. The current occupancy rate is 80 per cent. "Our portfolio was 4.5 million square feet in 2021, which has increased to 5 million square feet curren

Coworking major WeWork India's revenue rose by 33 per cent to over Rs 800 crore this year and is expected to grow further in 2022 on improved demand for its flexible workspaces, a company official said.

The flexible office space start-up had entered India in July 2017 through a franchise model with Bengaluru-based property developer Embassy Group

Coworking major WeWork India on Monday said it has raised Rs 200 crore from investors as equity and debt

Current shareholders will own about 83% of the combined company, WeWork said

WeWork India, which is owned by Bengaluru-based realty firm Embassy Group, has 34 centres comprising 60,000 desks across six major cities

WeWork said the Covid-19 pandemic has accelerated the shift to flexible workspaces, with businesses of all sizes looking to manage cash-flows effectively by moving costs to a variable model

Here is the list of major companies that have said they are downsizing their workforce

AAR had disallowed WeWork's ITC claim on detachable partitions; the reversal of its order would set a precedent as to what comes under movable property on whic ITC is allowed

Virwani also noted in the communication that the first priority of the company is to get the maximum value from its buildings and reduce costs by the business efficiently

Workstation areas can no longer have the crowded cafe feel as proximity may no longer seem so tempting