New Delhi: Coworking space WeWork India has secured Rs 550 Cr funding from Hong Kong-based private equity company BPEA Credit.
WeWork India will use the funds to achieve growth and consolidate business opportunities.
The development comes twenty months after WeWork India bagged INR 200 Cr debt and equity funding from two anonymous investors.
Set up in 2017, WeWork India is mainly a joint venture between real estate major Embassy Group and WeWork International. It currently operates 41 offices in six Indian cities including Bengaluru, Mumbai, Gurugram, Noida, Hyderabad, and Pune.
“Flexibility is paramount in today’s workforce and the investment by BPEA Credit stands testament to the massive growth opportunity for flex workspaces in India,” said Karan Virwani, CEO of WeWork India.
The startup shared that its clientele comprises 70% enterprises and the remaining 30% are startups, small and medium enterprises and freelancers.