The bankruptcy of WeWork in the US doesn’t bother the Indian branch—here’s why.

Do you know, that while WeWork has filed for bankruptcy in the US, its Indian arm is busy with expansion plans? What can be the reason behind it, know it here:

WeWork, the co-working giant, filed for bankruptcy in the US after a sharp fall from its once $47 billion valuation in 2019. While WeWork Global faced challenges exacerbated by the Covid-19 pandemic, its Indian counterpart, WeWork India, painted a different picture.

WeWork India, backed by the Embassy Group, reported a robust 75% YoY revenue growth in FY23, reaching Rs 1,400 crore. Despite the global turmoil, WeWork India remained profitable and anticipates a 40-50% YoY revenue growth in FY24.

The Indian arm, with over 90,000 desks and 6.5 million sq. ft of space, plans to expand further, unaffected by the global developments. WeWork Global’s bankruptcy may impact its Indian operations, with potential outcomes ranging from a new owner revitalizing the brand to its dissolution. Nonetheless, WeWork India, confident in its financial and operational success, is looking ahead to substantial growth in the coming years.