WeWork India Raises INR 500 Cr Via Rights Issue

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SUMMARY

The company has a portfolio of over 6.5 Mn sq. ft across 44 locations in Delhi NCR, Mumbai, Bengaluru, Pune and Hyderabad

The company competes with other major players in the Indian coworking market, including 91Springboard, Awfis, The Hive

The funds will be used to repay debt, support the company in becoming debt-free and lowering the cost of capital

Coworking major WeWork has raised INR 500 Cr (around $57.7Mn) through rights issue, nearly two months after it bolstered its leadership team with key appointments to…



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WeWork India Raises INR 500 Cr Via Rights Issue


SUMMARY

The company has a portfolio of over 6.5 Mn sq. ft across 44 locations in Delhi NCR, Mumbai, Bengaluru, Pune and Hyderabad

The company competes with other major players in the Indian coworking market, including 91Springboard, Awfis, The Hive

The funds will be used to repay debt, support the company in becoming debt-free and lowering the cost of capital

Coworking major WeWork has raised INR 500 Cr (around $57.7Mn) through rights issue, nearly two months after it bolstered its leadership team with key appointments to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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