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WeWork India has received $66.5 million from a private credit platform that will go towards expanding its presence across the country.ย ย ย
According to WeWork India CEO Karan Virwani, the fresh funding from BPEA Credit will be used towards growth and acquisitions as demand for flexible offices continues to grow.ย
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This year marked WeWork Indiaโs best for profitability and revenue, with the company seeing a 250% increase in EBITDA. The companyโs occupancy also reached 80% as of April of this year, indicating strong demand for an alternative workplace solution.ย
WeWork India plans to add an additional 1 million square feet across the country by March of 2024.ย ย
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Source:
Mingtiandi
