Wework Global News Today

The HQ27 located in Gurugrams MG Road market, offers over 96,000+ sq. ft. of sace across three with over 1,480+ desks. The property ahs a 15 years lease agreement with WeWork.The Pune property is Situated within Punes largest mall complex - Amanora Mall, Amanora Crest offers over 87,000 sq. ft. of workspace with around 1,700 desks under operator model

The company, however, is waiting for CCIs approval before it can proceed with its fundraising plans, sources said.

Bengaluru-based real estate firm Embassy Group, which holds the remaining 73 per cent stake in WeWork India, might also dilute some shareholdings to raise funds, they added.

WeWork India had posted a turnover of Rs 1,400 crore during the 2022-23 fiscal year.

The company, however, is waiting for CCIs approval before it can proceed with its fundraising plans, sources said.

WeWork filed for bankruptcy in the US in 2022. The company struggled to recover from the effects of Covid-19 on the economy and its failed initial public offering in 2019.

After surviving a major cyber hack, Medibank’s head of people is spearheading a move to become the first ASX-listed company to trial a four-day work week.

WeWork India has launched the tool, WeWork Workplace, in collaboration with Yardi, a leading workspace management solution.

While WeWork has filed for bankruptcy in the US, its Indian arm is busy with expansion plans

WeWork India has signed lease agreements for two new buildings -- Manyata Redwood in Bengaluru, and RMZ Spire in Hyderabad -- to open two new centres in the next few months.