WeWork is an American commercial real estate company. It provides shared work spaces for technology startups. As well as services for other enterprises. Founded in 2010, it is headquartered in New York City. As of 2018, WeWork managed over 4 million square metres. WeWork’s parent company is The We Company. The WeWork global company is going to subsidize and fund WeWork India. WeWork India is to receive $100 Million.
WeWork India is looking to navigate this transformation. Firstly, by prioritizing focused growth in the Indian market over the next 36 months, it said. Since, the future of work will be centred around flexible work spaces it is in line with its believes. “The fresh round of capital from our long-term partners at WeWork Global represents a vote of confidence. In our strategy and will help us serve our community better,” said Karan Virwani, CEO, WeWork India. The company sees a new opportunity in the flexible workspace industry in India and around the world.
The COVID-19 Pandemic is costing millions of lives worldwide. However, WeWork believes that this will accelerate the market for flexible work spaces. Moreover, hundreds and thousands of jobs will be generated. Since entering India, WeWork has been providing full service and innovative work spaces. With more than 60,000 desks in 34 locations in six cities. In Conclusion, WeWork has made a bold yet profitable move to itself and the society.
