WeWork India gets $100 million funding from WeWork Global

Date posted: Friday 3 July 2020

Even as WeWork Global continues on aggressive cost cutting and layoffs following a failed IPO attempt, the company will be funding WeWork India a $100 million to help growth in one of its positive market. Anticipating an accelerated shift to flexible workspaces by business due to the pandemic and using it as a cost lever, WeWork believes that ‘space as a service’ is a huge opportunity. To tap the opportunity WeWork is looking to prioritise its focus on India market over next 3 years.

(Business Today)