WeWork India, a co-working space provider, has raised Rs 550 crore from BPEA Credit funds to fuel future growth and potential consolidation opportunities.
Currently, the company has 70,000 desks spread across 6 million square feet in 41 centres in Bengaluru, Mumbai, Gurugram, Noida, Hyderabad, and Pune.
WeWork India had previously raised Rs 750 crore from WeWork Global in 2020, which assisted the company in stabilising its operations during the COVID pandemic.
“Flexibility is critical in today’s workforce, and BPEA Credit’s investment demonstrates the massive growth opportunity for flex workspaces in India,” said Karan Virwani, CEO of WeWork India. “With customisable and innovative solutions for all businesses, we are laser-focused on fueling growth opportunities and fortifying our position as the leading flexible workspace brand,” Virwani added.
WeWork India also recently made its first investment in Zoapi, a Bengaluru-based conferencing and collaboration platform, in order to provide businesses with innovative and immersive solutions.
WeWork Global partnered with Bengaluru-based Embassy Group to enter the Indian market in 2017.
