Others Other Deals
Co-working space provider WeWork India raises Rs.500-Cr through rights issue
Source WeWork India (opens in a new tab)Economic Times (opens in a new tab)
Bengaluru-based WeWork India Management, a flexible workspace operator, has raised INR 500 crore via a rights issue. The funds will be used to repay debt.WeWork's India is targeting an initial public offering (IPO) to raise capital in 2025. Currently, Embassy holds a 73% stake in WeWork India, while WeWork Inc. owns the remaining 27%.WeWork India currently operates across 8 cities, with over 1 lakh desks, catering to entities ranging from solopreneurs and startups to Fortune 500 companies.