The public offering will be a pure offer-for-sale (OFS) of up to 4.4 crore equity shares. Of these, 3.3 crore shares will be sold by its parent, Embassy Buildon LLP, while the rest will come from its affiliate, 1 Ariel Way Tenant Limited.
WeWork India Management Limited, the biggest operator in the Indian workspace sector, has recently submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI).
Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 13 January – 17 January 2025.
WeWork India, a flexible workspace operator in India, has raised Rs 500 crore (around $57.8 million) via a rights issue from Embassy Group and WeWork Global.
Major coworking company WeWork India announced on Thursday that it had leased 2.72 lakh square feet of office space in Hyderabad and Bengaluru in order to launch two additional locations with roughly 4,000 desks each.
Coworking space provider WeWork India announced the launch of a new investment programme as part of its WeWork Labs effort in an attempt to fund early-stage entrepreneurs.