Work India News Today

Co-working firms and managed office providers will expand in both metros and smaller cities in 2024-25 amid increasing demand for flexible offices

A number of flex workspace operators are expected to raise long-term capital and onboard more institutional investors.

Post the acquisition, the Bengaluru-based property developer will own 100% of WeWork India. Of the total, Embassy will sell 40% stake to Enam Group, A91 Partners, CaratLane founder Mithun Sacheti, and others for ₹1,200 crore, said the people cited above.

Post the acquisition, the Bengaluru-based property developer will own 100% of WeWork India. Of the total, Embassy will sell 40% stake to Enam Group, A91 Partners, CaratLane founder Mithun Sacheti, and others for ₹1,200 crore, said the people cited above.

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.

Earth Day is a global reminder of our responsibility to the planet. Businesses are leading the charge, implementing innovative sustainability practices. Here’s a look at the inspiring initiatives from WeWork India, Salesforce, and Dell Technologies.

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