WeWork India has announced that it anticipates its revenue to grow by 25% this year as demand for flexible workspaces continue to grow.
CEO Karan Virwani said that the company plans to acquire clients first, then sign leases with Grade A office spaces. Previously, the company would first outfit their workspaces before reaching out to potential new members. This is one of the many new methods the company has adopted to maintain business and achieve profitability again, despite losing 15% of its clients during the main heat of the pandemic.
Additionally, the company is aiming to target educational institutions to provide a space for students who are unable to go back to school and aid in de-densifying schools.
“Business is doing good. Customers want more flexible workspace. Not only the new age but traditional businesses are also looking for coworking space to reduce their capex,” said Virwani. “We will expand based on demand. We will find new clients and then sign up real estate space.”