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