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WeWork Coworking Acquisitions & Its Growth

1Apr By Sheldan RungasamyNo Comments

ACQUISITION, ANALYSIS

WeWork Coworking Acquisitions & Its Growth

WeWork, the famous co-working space provider was founded in 2010 when it opened two offices in New York. The purpose of the company was to provide workspaces to companies and people where they could expand together. They are also reknown for giving their locations a design face-lift and providing their client-base with dynamic environments that is meant to boost creativity, focus and facilitate connections. Their aim when they opened their first office was to humanize work by making CEOs help each other grow their respective businesses, and provide offices as comfortable as the employees’ home. Eight years since its inception, the company is now present in 56 cities and 18 different countries. Indeed, the company grew very quickly. They opened two locations in 2010 and doubled that ...

WeWork Bags $4.4 Bn Investment From SoftBank Group And Vision Fund

26Aug By AnkitaNo Comments

FUNDING

WeWork Bags $4.4 Bn Investment From SoftBank Group And Vision Fund

After having invested multibillion dollars in companies as diverse as the graphics chip maker Nvidia, an artificial intelligence software maker and an indoor farming start-up, SoftBank has chosen WeWork, a fast growing co-working spaces startup. This investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as further expand WeWork’s physical presence across the globe. “Masayoshi Son is a visionary business leader and we are humbled by this strong endorsement of our mission and purpose,” said Adam Neumann, Co-Founder and CEO of WeWork. “This support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanize the way people work and li...

WeWork Launches Its China Unit, Backed By Hony, SoftBank

27Jul By AdityaNo Comments

CHINA, News

WeWork Launches Its China Unit, Backed By Hony, SoftBank

Co-working space WeWork is all set to launch its Chinese unit after it raised $500 million from Hony Capital and SoftBankGroup, one of China's largest private-equity firms. WeWork will tap into booming demand for shared office space in the world's second-largest economy. With the funds raised, it will expand its services to at least 5 other locations in the next 12 months. Currently it is available in Beijing and Shanghai. State-owned real estate developer Greenland Group and hospitality company Jin Jiang International - parent of Hong Kong-listed Shanghai Jin Jiang International Hotels Group - will also invest in the local unit,said WeWork co-founder and CEO Adam Neumann. "By creating local entities we allow ourselves to take local management, give them local equity, incentivize t...

Yuvraj Singh Invested An Undisclosed Amount In A Co-Working Startup

26Jul By RishabhNo Comments

News

Yuvraj Singh Invested An Undisclosed Amount In A Co-Working Startup

Cricketer Yuvraj Singh has recently invested an undisclosed amount in a Delhi based co-working startup Gurukul. He will also be the brand ambassador for the same and will help creating awareness and will be the face of the company for next 4 years. "Yuvraj Singh has been involved from beginning. The paper work formalities, however, have just finished. He is a partner in the company and holds equity," said Creator's Gurukul co-founder Abhinav Tandon. "The financial structuring details can't be disclosed due to a non-disclosure agreement," he added. The investment has been done under his investment fund- YouWeCan Ventures, which has recently been active in the startup ecosystem and has backed Healthians, EazyDiner, and Rahul Yadav’s short-lived startup Intelligence Interfaces. Gurukul ...