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  • Nairobi’s Co-Working Spaces Struggle as Restaurants Become Budget Workplaces

    Nairobi’s Co-Working Spaces Struggle as Restaurants Become Budget Workplaces0

    A decade ago, Nairobi’s co-working hubs symbolised a new era of innovation, but economic shifts and high workspace costs now see the city’s founders turning to restaurants and cafés as more practical alternatives.

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  • WTC Tower Boosts Visakhapatnam’s MedTech Startup Ecosystem

    WTC Tower Boosts Visakhapatnam’s MedTech Startup Ecosystem0

    The World Trade Centre (WTC) Tower, newly launched within the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam, is set to transform healthcare innovation in India. By doubling the capacity of MedTech startups and offering advanced support facilities, this development is positioning Visakhapatnam as a central hub for global MedTech progress.

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  • WeWork India Posts First Profit of ₹128 Crore in FY25 Fueled by Deferred Tax Gains

    WeWork India Posts First Profit of ₹128 Crore in FY25 Fueled by Deferred Tax Gains0

    WeWork India achieved a major financial milestone in FY25 by reporting its first-ever profit after tax (PAT) of ₹128.2 crore, a significant turnaround from the ₹135.7 crore loss recorded in FY24. This profitability was largely driven by a substantial deferred tax gain of ₹285.7 crore, which offset the operational losses the company otherwise would have incurred. The company’s operating revenue grew by 17% year-on-year, reaching ₹1,949.2 crore, reflecting robust demand for flexible workspace solutions across India. As WeWork India prepares for its upcoming IPO with SEBI approval in hand, the company aims to capitalise on rising investor interest in the coworking sector.

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