Young Turks: Here's the success story of WeWork India
Founded in 2010 in New York by Adam Neumann the We company is today valued at USD 47 billion and is one of the mega unicorns that is all set to list in the US markets later this year. WeWork India entered the country in 2017 by forging a 5-year licencing deal with the real estate tycoon Jitu Virwani’s Embassy Group. Reports suggests that Embassy holds an 80 percent stake in the franchise which is today worth over USD 2 billion. For all practical purposes WeWork India operates as a microcosm of the global entity but one that is on steroids. By March 2020 WeWork will have close to 90000 desk in India, more than double their present number and far ahead of competitors and co-working spaces like OYO.
By: CNBCTV18 | 3 weeks ago