New York-based WeWork plans to take majority control of its India affiliate, in a deal that will allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. WeWork India is a brand franchisee controlled by real estate billionaire...
WeWork Expands to India
Miguel McKelvey, co-founder and chief creative officer of the $20 billion New York-based collaborative workspace startup WeWork, discussed his business in India with Forbes' India staff Anshul Dhamija. McKelvey said that in India WeWork had entered into a partnership with the Embassy Group. They launched operations in the beginning of...
"Co-Working" Catches on in India
Co-working, a concept where individuals or startups share a common workplace environment, is slowly catching on across prime property markets in India. Across the country, co-working space of 0.73 million sq ft was tenanted last year. "Though still nascent, this category could prove to be a disrupter as bigger co-working...
WeWork Expands Services to India
New York-based WeWork, the world's largest co-working office company, has formed a partnership with Embassy Group, a Bangalore-based real estate firm, and is planning to open locations in Mumbai, New Delhi and Bangalore in the first half of next year, the Wall Street Journal reported. WeWork CEO Adam Neumann visited...