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WeWork India to focus on growth, expects 30% jump in Revenue for FY2024

The office space provider operates across seven cities and 50 locations. It claims to have more than 70,000 members and 90,000-plus desks totalling to 6.5 million sq ft. Its member base includes around 80% enterprises with 20% clients coming from SMB, entrepreneurs and the startups segments. “We have seen average prices going up by 10% annually to Rs 20,000 per seat at our centre, with average occupancy of 82%,” said Virwani. ....

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WeWork seeks bankruptcy protection, a firm once valued at close to $50B

Specific estimates of total impacted locations were not disclosed Monday, but all affected members have received advanced notice, the company said. ....

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WeWork Files for Bankruptcy After Once Boasting a $47 Billion Valuation

WeWork, once a darling of startup culture that became a high-flying office-sharing behemoth worth $47 billion in 2019, has filed for Chapter 11 bankruptcy protection. Now, the company will fight to restructure its business and stay alive. ....

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