WeWork India Sets Up Its 28th Co-Working Space In Gurugram
The WeWork logo is displayed on a glass door of the entrance to the WeWork Ocean Gate Minatomirai co-working office space, operated by The We Company, in Yokohama. (Photographer: Kiyoshi Ota/Bloomberg)

WeWork India Sets Up Its 28th Co-Working Space In Gurugram

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WeWork India, which is owned by Bengaluru-based real estate firm Embassy Group, has set up a new co-working space in Gurugram with 1,351 seats as part of its expansion plans for the country.

This is the 28th co-working centre of WeWork India, taking its total capacity to over 47,000 desks across Delhi-NCR, Mumbai, Bengaluru, and Pune.

WeWork India has taken on lease nearly 85,000 square feet area in Vi-John Tower at Gurugram to establish the new co-working space. The company will provide seats in a price range of Rs 6,000 and Rs 14,000 here.

Last month, WeWork India announced that it would raise $200 million (about Rs 1,400 crore) by December to expand the business and expects to be profitable at the entity level in one year.

To cater to operational requirements of traditional businesses in India, WeWork India inaugurated the first customised workspace in Mumbai earlier this year and is now adding the Gurugram centre to meet the increasing demand.

"This new location targets Indian businesses of all sizes to help them move out of their traditional offices to an environment that inspires creativity, promotes productivity," said Karan Virwani, Co-CWeO of WeWork India.

Last month, Virwani had asserted that there would be no impact on WeWork India due to the deferment of We Co.’s initial public offering in the U.S.

Also read: SoftBank Wires $1.5 Billion to WeWork Before Cash Runs Out

"There is lot of speculation about the WeWork India business. We still believe in the WeWork brand. India's business is really growing well. Embassy Group is bullish about the co-working sector and we continue to expand," he had said in an interview.

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