WeWork India to raise $100 mn

Firm in talks with KKR, TPG, Goldman Sachs

WeWork India, a joint venture between US-based co-working space provider WeWork and Bengaluru-based property developer Embassy Group, is in talks with marquee global investors such as KKR, TPG, and Goldman Sachs to raise funds of over $100 million (Rs 640 crore).

WeWork is the largest co-working space provider in the world. “They have plans to invest $100 million over the next three to four years to open centres in major cities and they need funds for that,” said a source in the know.

According to the source, WeWork India could go for either debt or equity deals or do structured debt deals