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In WeWork India, Bengaluru-based real estate firm Embassy Group has a 73 per cent stake, while WeWork Global has a 27 per cent shareholding.
Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a remarkable collapse for the once high-flying startup co-founded by Bankruptcy is a stunning change in fortune for the once high-flying startup co-founded by Adam Neumann.
WeWork and certain of its entities filed for protection under Chapter 11 of the US Bankruptcy Code. The company said its locations outside of the US and Canada are not part of this process.
WeWork India is backed by majority stakeholder Embassy Group and is committed to investing in the future of the business
WeWork, the flexible office space startup, has filed for Chapter 11 bankruptcy protection in the US. The company, which was once valued at $47 billion