Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
WeWork India is set to go public, filing its IPO draft with SEBI via an offer-for-sale, allowing promoters to offload stakes without fresh capital infusion. The company has rebounded financially, distancing itself from WeWork Global’s struggles. Amid rising competition, its success hinges on sustaining profitability and investor confidence.
READ MOREWeWork India has posted a ₹174.13 crore profit in H1 FY25, marking a strong turnaround amid rising demand for flexible workspaces. The company plans an IPO through a ₹4.37 crore share Offer for Sale. With a 77 lakh sq. ft. portfolio, it aims to enhance visibility and liquidity through public listing.
READ MOREWeWork India’s ‘Your Office, Your Way’ campaign challenged workspace misconceptions, showcasing its adaptability beyond startups. Using relatable office scenarios and visually engaging 2D+3D graphics, the campaign boosted brand awareness by 14% and doubled lead quality. The initiative redefined WeWork India’s positioning as a leading flexible workspace provider for enterprises.
READ MOREWeWork India is expanding in Chennai and is planning a new space in DLF Cybercity, Porur, by next year. With a Rs 300 crore annual investment, it aims to add two million sq. ft. annually. Chennai’s rising office space demand, driven by tech and flexible workspace needs, fuels WeWork’s strategic growth in the city.
READ MOREWeWork India earns ISO 14001 and ISO 45001 certifications across its portfolio, highlighting its commitment to environmental sustainability and workplace safety. With 63 centres across eight cities and over 1 lakh desks, the company continues to lead India’s flexible workspace sector by delivering globally recognized standards and tailored solutions.
READ MOREWeWork India expands with 1.75 lakh sq ft of new coworking spaces in Bengaluru and Pune. The Bengaluru space, spanning 90,500 sq ft, offers 1,700 desks at Manyata Mahogany. Pune’s 84,000 sq ft GERA Commerzone houses 1,300 desks. These additions meet rising flex space demand across India’s dynamic business hubs.
READ MORE