We'll be profitable again by end of the year: Karan Virwani of WeWork India

In a Q&A, the CEO of the global co-working space company says his firm has been flexible on terms and has also reached out to bigger clients

Co-working spaces, which are hit by the pandemic, are expected to grow, thanks to demand for flexible working spaces, property experts have said. Global co-working spaces company WeWork invested $100 million in its Indian unit. Though it lost 15 per cent of its clients, WeWork India has signed large corporates. It expects to be profitable again by the end of the year, its chief executive officer (CEO)  Karan Virwani tells Raghavendra Kamath. Edited excerpts:

Can you tell us about the recent fund infusion by your parent company?

We raised $100 million from WeWork Global and it picked up a 20 per cent