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...
May 31st, 2018The Indian wing of Co-working mammoth WeWork lead by billionaire developer Jitu Virwani of Embassy Group is in talks with global leaders Goldman Sachs and Warburg Pincus to raise $200 million.
This will land the local's unit to earn a unicorn status nearing valuation of $1 Billion. As per the sources, Goldman, Warburg eye $200 million...
April 1st, 2018WeWork, 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...
March 14th, 2018WeWork, a firm that delivers co-working and office space to small businesses and big corporations as well, is reported to have received a funding of $400 million. However, this funding round is different from previous funding rounds. It will come as an investment in the form of a small group of collective investments schemes with...
October 9th, 2017Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in southeast Asian and Indian startups, exceeding its original target size of $150 million.
Vertex plans to continue its strategy of investing in early-stage technology companies in southeast Asia and...
September 18th, 2017San Francisco based Slack Technologies Inc. raises $250 million funding round led by SoftBank Group Corp.’s Vision Fund, valuing the startup at $5.1 billion.
According to the reports, Slack will be utilising the funds for expansion in an increasingly competitive market for workplace messaging services. The Vision Fund was joined by...
July 27th, 2017Co-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...
