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WeWork to Exit Indian Market Amid Industry Growth 0
- Industry News
- April 24, 2024
WeWork Inc. is exiting the Indian market, selling its 27% stake as part of a 40% divestment involving Embassy Group. Amidst its U.S. bankruptcy, WeWork India’sIndia’s growth surged, showing a 68% revenue increase in FY23. The deal awaits the approval of the Competition Commission of India.
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WeWork India: Leading the Flex Space Revolution Nationwide 0
- Leadership
- March 19, 2024
Discover how WeWork India, in strategic partnership with the Embassy Group, has emerged as a leader in the flex space industry. With 50 buildings across major Indian cities and a focus on sustained profitability, WeWork India aims for ambitious growth and expansion in the coming years.
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WeWork India Unveils ₹400 Crore Annual Capex Plan for Major Expansion.0
- Industry News
- June 28, 2024
WeWork India plans a ₹400 crore annual capex to expand by 2 million sq ft annually in major cities. With robust financial growth and strategic funding, it recently launched a 130,000 sq ft workspace in Chennai. Despite WeWork Global’s challenges, WeWork India remains strong, projecting significant future revenue growth.
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WeWork India Strengthens Leadership with Strategic Board Appointments 0
- Industry News
- November 22, 2024
WeWork India revamps its board, appointing industry experts to drive growth and sustainability. Key additions include Mahua Acharya and Anupa Rajiv Sahney as Independent Directors, alongside leadership changes with Karan Virwani as MD & CEO. The strengthened board aims to enhance governance, innovation, and WeWork India’s presence in flexible workspaces.
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WeWork India Renews Major Lease in Mumbai 0
- Industry News
- August 3, 2024
WeWork India renews its lease for 1.4 lakh sq ft in Mumbai’s Nesco IT Park at ₹2.25 crore monthly. The five-year deal includes escalating rent rates. This move follows recent expansions in Noida and Bengaluru, highlighting the rising demand for flexible workspaces across India’s major cities.
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WeWork India Partners with myHQ by ANAROCK for On-Demand, Virtual Office Expansion 0
- Industry News
- August 7, 2024
myHQ by ANAROCK has partnered with WeWork India to be the exclusive tech, marketing, and sales partner for WeWork’s on-demand products. This collaboration aims to enhance flexible workspace options and targets growth from 30,000 to 100,000 monthly bookings by 2024-25. The partnership aims to cater to India’s growing freelance and gig workforce.
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