December 21st, 2018
The provider of coworking workplace We Work is planning to double the coworking space it offers in India to 6 million square feet in 2019. The company is expecting to expand its presence to cities including Chennai, Pune and Hyderabad by the end of next year.
The New York-headquartered collaborative workspace firm currently operates...
November 14th, 2018SoftBank Corp has reportedly invested another $3 billion in financing into the co-working major WeWork. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher.
This will value WeWork at $42 billion minimum. In August, SoftBank...
October 31st, 2018New York-based firm Meetup that is owned by WeWork has announced the appointment of David Siegel as the CEO of the company. Earlier this year, The company’s founder and CEO Scott Heiferman moved into the chairman position, leaving the CEO role vacant, and thus, this appointment has taken place.
David Siegel will now be taking the...
October 22nd, 2018The Indian arm of the popular co-working company WeWork that is based in New York has picked up 0.5 million sq ft office space in one of the largest deals by a co-working company.
The space has been leased across four locations in two major property markets of Mumbai Metropolitan Region and Bangalore. This would push the company’s...
October 5th, 2018The 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...
August 14th, 2018One of Wework China’s rivals Ucommune, the company that was earlier called UrWork has secured $43.5 million in Series C funding round. This round was led by real estate-focused investment firms Prosperity Holdings and RK Properties.
According to the reports, the post-money valuation of the company has reached $1.8 billion. The total...
August 7th, 2018Masayoshi Son led Japanese leading tech company SoftBank net profit soared more than 50-fold from a year earlier to 313.7 billion yen (USD 2.8 billion) in the latest quarter thanks to Flipkart acquisition and coworking space Wework growth in India.
Last year in the same quarter, SoftBank's profits slumped to 5.5 billion yen due to its...
August 1st, 2018WeWork, a popular co-working venture which is a US-based firm is accelerating up to expand its existence in India. The firm is planning to set up more locations in areas such as Bengaluru, Mumbai and Gurugram with an aim to have over 35,000 seats in the country by the end of this year.
Currently, the firm has its existence in only...
July 28th, 2018The Chinese subsidiary of coworking space, WeWork has raised a US$500 million Series B funding round led by Trustbridge Partners, Temasek, SoftBank Group, SoftBank Vision Fund and Hony Capital, according to the reports. WeWork's big raise comes days after Hong Kong’s Campfire pulled in $18 million and Awfis in India raised $20...
