WeWork India, a franchisee of the New York headquarters co-working space provider, will secure $100 million from its global partner to support its growth plans.
The Indian company operation is operated and owned and run by the real estate firm Embassy Group.
The investment is half of the $200 million figure suggested by media reports in the month of October 2019. The Indian franchise was initially in talks with the ICICI to secure $100 million a deal that hit a roadblock as WeWork proposed IPO broke down over the concerns overvaluation, pushed by its largest investor, SoftBank.
WeWork India, a franchisee of the New York headquarters co-working space provider, will secure $100 million from its global partner to support its growth plans.
The Indian company operation is operated and owned and run by the real estate firm Embassy Group.
The investment is half of the $200 million figure suggested by media reports in the month of October 2019. The Indian franchise was initially in talks with the ICICI to secure $100 million a deal that hit a roadblock as WeWork proposed IPO broke down over the concerns overvaluation, pushed by its largest investor, SoftBank.
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