Co-working major WeWork India, a subsidiary of Embassy Group, has decided to expand its operations by adding two new centres in Mumbai and Bengaluru comprising 4,350 seating capacities to meet growing demand of flexible workspace. In Mumbai, the co-working centre is located at Nesco IT Park and will have 3,400 desks; while a 950-seat centre has been opened in Prestige Cube, Bengaluru. The total area in these two centres is 1.15 lakh sq ft, said CEO of WeWork India, Karan Virwani. The company had recently opened a centre in Worli, Mumbai, with a desk capacity of 600. Mumbai is one of the fastest growing and most populated with entrepreneurs, startups and multinationals, which are in search of a dynamic workspace environment that caters to their needs. Bengaluru also has a high demand for office spaces. With the launch of these two new centres, WeWork India has over 57,000 desks in 34 locations across NCR, Mumbai, Bengaluru, Pune and Hyderabad. The seats are available in the range of ₹5,000-40,000 per desk per month. The company plans to raise around ₹1,400 crore to expand business and expects to be profitable at the entity level in one year.
📅Published on:
05 February 2020
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