Wework

With both large multinationals and fast-scaling mid-sized firms driving demand, industry experts say that flexspaces are no longer a secondary or interim choice, they are becoming the default workplace architecture for India’s GCC ecosystem.

WeWork India to launch GCC-focused workspace solution as demand surges

The move comes even as the global tech slowdown shows little sign of dampening demand from multinational corporations or Indian enterprises

WeWork India tops peers in revenue, profitability despite smaller footprint

WeWork India outperformed rivals Smartworks Coworking Spaces, Awfis Space Solutions and Indiqube Spaces in both revenue and returns for FY25.

WeWork India’s Rs 3,000 Cr IPO Kicks Off| MD & CEO Karan Virwani On Future Roadmap| IPO Watch Live

WeWork India’s Rs 3,000 Cr IPO Kicks Off| MD & CEO Karan Virwani On Future Roadmap| IPO Watch Live

WeWork India raises Rs 500 crore via rights issue, firm says 'on path to become debt-free'

The company said the funds will be used to repay debt, which would help the company in its path to go debt-free, and reduce its cost of capital.

WeWork India renews lease on 1.4 lakh sq ft space in Goregaon East, Mumbai

WeWork India, which is majority-owned by the Bengaluru-based real estate developer Embassy Group, is paying a rent of Rs 162 per sq ft per month, amounting to a rent of Rs 27 crore per year.

WeWork Inc gets CCI nod to exit Indian co-working space business

The sale is a two-step process wherein WeWork Inc. and WeWork India's parent, Embassy group, would jointly sell roughly 40 percent share in the local co-working subsidiary.

10 points on billionaire Anant Yardi, an IIT-Delhi alumnus taking over bankrupt WeWork

Anant Yardi holds a BTech degree from IIT Delhi, and an MS in Engineering from the University of California at Berkeley. He lives in California and moved to the US in 1968.

WeWork cleared to exit bankruptcy and slash $4 billion in debt

U.S. Bankruptcy Judge John Sherwood approved WeWork's restructuring at a court hearing in Newark, New Jersey. With that approval, WeWork will be ready to exit from bankruptcy with no debt "in a matter of days," WeWork attorney Steven Serajeddini said at the hearing.

WeWork Global in talks to sell entire 27% stake in WeWork India

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 in talks to raise Rs 1,000 crore from Enam's Vallabh Bhansali, A91 partners, Mithun Sacheti, others

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

World Street | Boeing in deep blue, Trump avoids trouble, a lease of life for WeWork, and more

Apple, Alphabet and Meta will face scrutiny from the EU on its new laws, while former president Donald Trump has ten days to cough up upwards of $175 million dollars, here's a look at some of the major developments from across the world.

Adam Neumann offers to buy back WeWork for more than $500 million: Report

A representative for Neumann’s real estate company, Flow, confirmed that a bid was submitted, saying it exceeded the amount reported by the Journal.

From WeWork to 'WeCrash' and back? Here’s what Adam Neumann is up to now

Neumann's proposal to inject cash into WeWork is likely to be met with some hesitation, as the man who once steered the ship into troubled waters now wants to grab the helm again

Everyone is fully back at office, except global tech companies: WeWork India chief

Movement of employees back to their workplaces is expected to drive up the co-working company’s revenue by up to 30 percent in FY24 to around Rs 1,800 crore

WeWork’s insolvency is a warning to Indian startups like Byju’s

Any hopes of a recovery by WeWork have been dashed by its latest results which show that the company’s core business continues to be deeply loss-making

World Street: EV wars, water crisis in Suez canal, Arm flounders, US steel prices rise, pricey iron ore

Presenting World Street, a specially curated list of all the major developments in the global financial world, from the marbled corridors of Wall Street to the dusty mines of Latin America. Get a bird’s eye view of the global equity markets, bonds, commodities and consumer trends shaping our lives.

WeWork didn't work but might after bankruptcy

The reluctance of workers to return to offices — particularly in the US — has created a surfeit of downtown commercial property. But demand for hybrid working is stronger than ever, which opens possibilities for WeWork that has pared down debt. Rival IWG reported a 7% increase in quarterly revenue and falling net debt

WeWork goes bankrupt: How things went out of control for the co-working space player

Things started moving downhill for the company way back in 2019 when WeWork's desperate efforts to raise money in a public listing took a hit on its reputation, resulting in the ousting of co-founder Adam Neumann.

WeWork stock halted as rumors swirl about bankruptcy preparations for the office sharing company

Last week, WeWork disclosed a forbearance agreement with bondholders that extended negotiations by one week prior to triggering a default.

SoftBank in talks to buy Vision Fund's 25% stake in arm

By Echo Wang and Anirban SenNEW YORK SoftBank Group Corp is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision ..The discussions come as Softbank is preparing to list the chip designer on Nasdaq next month at a valuation of $60 billion to $70 billion.

WeWork’s glass walls are starting to close in

The flexible workspace provider is running out of options — and cash. The company’s second-quarter results suggests the next 12 months will every bit as fraught as WeWork’s near implosion four years ago. Absent effective remedial action or another capital raise, it could be lights out

WeWork India says 'no impact' on its business after parent entity flags bankruptcy risk

WeWork India is backed by the Embassy Group, which holds a majority stake of around 71 percent in the firm

WeWork’s woes show return-to-office is no party

Workspaces want a “wow” factor to stand out from the post-COVID crowd. That may not be enough

Former SoftBank country head Manoj Kohli joins WeWork India as independent board director

Along with Kohli, Anthony Yazbeck, President and Chief Operating Officer, WeWork Inc, has also joined WeWork India's Board. The two appointments on WeWork India's Board come on the heels of the company reporting a 70 percent revenue growth in the calendar year 2022