The popular co-working firm WeWork which is based in the US has launched ‘WeWork Labs’ in India. This has been done to help early-stage startups in the country get access to investment, resources and mentorship from its global network of members to help these fledgling companies expand their business.
Apart from this, the service has also been expanded to its co-working spaces in countries like the US, China, Korea, Brazil and Israel and others.
“India is among the largest start-up nations and is poised to continue growing at a significant pace. While there are programmes running in India that offer incubation and acceleration to start-ups, we believe the scale has to be increased manifold,” WeWork Labs Senior Vice President and Global Head Roee Adler stated.
At present, about 1,000 start-ups are part of WeWork Labs all across the globe. “We started a pilot three-four months ago at our Gurugram facility and eight startups have already become a part of WeWork Labs,” Adler said.
WeWork has 11 co-working spaces in Gurugram, Mumbai and Bengaluru in India with over 12,000 members. The company is expecting to have a network of over 20 co-working spaces in the country by the end of this year.