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WeWork helping global mid-sized firms set up shop in India

Firms with revenues of $500 mn eager to get access to country's vast base of tech talent

Alnoor Peermohamed  |  Bengaluru 

WeWork helping global mid-sized firms set up shop in India
WeWork

Softbank-backed co-working space provider says it is helping medium and even large sized firms that are part of its global clientele to set up shop in India as they look to tap the country's growing market and talent base to build products and services here.

While India is already home to large technology giants such as Google, Microsoft, Facebook, smaller firms, too, are eyeing the country’s talent base. Now, even firms with revenues of $500 million are turning to India for its vast base of tech talent.

“Several of our customers in different markets come to us asking us to help them come to India and likewise to other markets. Because of our community-based approach and understanding of our customers, we can help them meet like-minded people and not just offer them space,” said Christian Lee, managing director at Asia.

JBrown, a London-based real estate brokerage, that is a customer of globally, is now using its space in India.

Similarly, San Francisco-based has begun occupying seats here. is also in talks with China’s OFO Bikes, a bike-sharing service that recently raised $700 million in a round led by Alibaba, that it should come to India.

More than operating a global chain of co-working space, says its goal is to build a global community of working professionals and In markets where it already has a large presence, customers use its centres to expand to other cities or countries. expects the same in India.

With its first co-working spaces in India already up and running in Bengaluru and Mumbai, the company says it wants to expand to all of India’s major metros in the coming year. India aims for 700,000 square feet of in that time, with its next centre coming up in Gurugram.

In India, has seen a good response from enterprises, both global as well as local, as opposed to response just from start-ups and other small

“The skew of enterprises for India is somewhat more than what we have globally; almost 40-50 per cent of our members are enterprise users. It’s not limited to global enterprises at all; it’s just that they may be growing a little faster here,” said Karan Virwani, director at India.

Virwani says that even global giants that have already had a presence in the country for a long time, such as and Discovery Channel, are utilising its space in India, thanks to experience using elsewhere in the world.

While is helping global firms come to India, it says the reverse is also true. Several Indian with tiny sales offices across the globe are now looking at as their space provider. 

First Published: Sat, September 16 2017. 21:52 IST
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