WeWork

WeWork India marks entry in Chennai

The massive building is WeWork India’s 55th building in the country over the past seven years during which the company has expanded to eight cities with Chennai being the latest.

13 June 2024, 14:24 IST

WeWork India marks entry in Chennai

13 June 2024, 14:24 IST

WeWork CEO Tolley to step down as company exits bankruptcy

Once privately valued at about $47 billion, WeWork expanded at a breakneck pace but racked up steep losses on its over-extended real estate portfolio before filing for bankruptcy protection in November 2023.

11 June 2024, 16:29 IST

WeWork CEO Tolley to step down as company exits bankruptcy

11 June 2024, 16:29 IST

WeWork Global in talks to sell entire 27% stake in WeWork India

WeWork India, which started operations in 2017, has over 8 million square feet of assets signed across 54 locations in New Delhi, Bengaluru, Mumbai, Gurugram, Noida, Pune, and Hyderabad.

23 April 2024, 08:58 IST

WeWork Global in talks to sell entire 27% stake in WeWork India

23 April 2024, 08:58 IST

WeWork India enters Chennai to open 2,000-seater coworking centre in June

Karan Virwani, CEO, WeWork India, said the company will be opening its first flexible workspace in Chennai, a city known for its vibrant culture, urban population, and rapidly growing business ecosystem.

19 March 2024, 11:18 IST

WeWork India enters Chennai to open 2,000-seater coworking centre in June

19 March 2024, 11:18 IST

WeWork resolves landlord objections to bankruptcy financing

WeWork is not borrowing any new money as part of the approved financing, the company's attorney Ciara Foster said in court. But if it does bring in new money, through a future loan or asset sale, some of the future funds would be reserved to pay landlords, Foster said.

11 December 2023, 20:58 IST

WeWork resolves landlord objections to bankruptcy financing

11 December 2023, 20:58 IST

From prized startup to bankruptcy: WeWork's tumultuous path

WeWork filed for an IPO and published detailed financial statements that showed it lost almost $700 million in the first half of 2019 while doubling its revenue.

07 November 2023, 08:19 IST

From prized startup to bankruptcy: WeWork's tumultuous path

07 November 2023, 08:19 IST

WeWork bankruptcy: India business will not be impacted in any manner, says WeWork India CEO Karan Virwani

In WeWork India, Bengaluru-based real estate firm Embassy Group has a 73% stake, while WeWork Global has a 27% shareholding.

07 November 2023, 07:29 IST

WeWork bankruptcy: India business will not be impacted in any manner, says WeWork India CEO Karan Virwani

07 November 2023, 07:29 IST

WeWork China will not participate in WeWork's strategic reorganisation

WeWork China is not a branch or unit of WeWork, it said in a statement on WeChat, adding the company has independent operations and management capabilities.

07 November 2023, 04:44 IST

WeWork China will not participate in WeWork's strategic reorganisation

07 November 2023, 04:44 IST

SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy

The move represents an admission by SoftBank, the Japanese technology group that owns about 60 per cent of WeWork and has invested billions of dollars in its turnaround, that the company cannot survive unless it renegotiates its pricey leases in bankruptcy.

07 November 2023, 03:26 IST

SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy

07 November 2023, 03:26 IST

WeWork India says no impact on Indian biz amid reports of potential bankruptcy of WeWork Global

In WeWork India, Embassy Group holds a 73 per cent stake, while WeWork Global has a 27 per cent shareholding. WeWork Global, which is a leading provider of flexible workspace, in June 2021 invested $100 million in WeWork India.

01 November 2023, 11:02 IST

WeWork India says no impact on Indian biz amid reports of potential bankruptcy of WeWork Global

01 November 2023, 11:02 IST