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WeWork Global to invest $100 mn in India business to help boost growth

WeWork said the Covid-19 pandemic has accelerated the shift to flexible workspaces, with businesses of all sizes looking to manage cash-flows effectively by moving costs to a variable model

WeWork helping global mid-sized firms set up shop in India
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WeWork entered into a partnership with India’s integrated real estate developer Embassy Group in 2017 and started operations in the Indian market

Peerzada Abrar Bengaluru
WeWork India, which provides collaborative workplace solutions, said it will receive $100 million financing from WeWork Global to help boost sustainable growth. This financing by WeWork Global reiterates the company’s focus on India as a strategic market.

WeWork said the Covid-19 pandemic has accelerated the shift to flexible workspaces, with businesses of all sizes looking to manage cash-flows effectively by moving costs to a variable model. It said space as a service is a huge opportunity for them to free up cash, and WeWork has the right foundations and experience to provide safe and flexible workspaces. 

“The flexible workspace industry in India