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WeWork India funds $57.7m to ease debt in co-working market
WeWork India has raised 500 crore rupees (approximately US$57.7 million) through a rights issue.
This funding comes nearly two months after significant appointments were made to its board of directors and will be used primarily for debt repayment and to reduce capital costs.
The company operates across over 600,000 square meters in 44 locations, including cities like Delhi, Mumbai, Bengaluru, Pune, and Hyderabad.
In 2023, WeWork India expanded into Chennai with the launch of the ‘Olympia Cyberspace’ facility, increasing its presence to eight major cities.
Recent WeWork developments
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19-Nov-2024 🏢 WeWork ends leases in Singapore as office vacancies rise
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22-Nov-2023 💼 WeWork secures $682.5m in financing commitments after bankruptcy
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26-Aug-2021 🏢 WeWork launches On Demand app in Singapore, three other countries
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10-Aug-2021 🚀 WeWork launches growth initiative for startups in Singapore
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01-Jul-2021 🏢 WeWork partners with Grab to offer deals for the super app’s business clients
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