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One of the leading CoWorking Startup across the Globe – WeWork has launched one of the India’s largest CoWorking space which is said to hold nothing less than 2200 Startup members.
Commenting on the launch, Karan Virwani, Director – WeWork (India) said, “We are excited to officially kick start our operations in India with the launch of ‘WeWork Galaxy’ in Bengaluru. WeWork is a global company with a local playbook and the reason we chose Bengaluru as our first location is because it’s demographically the most diverse city with the second fastest-growing major metropolis in India having a very robust startup ecosystem.”
The space is going to be utilised by Startups, Freelancers as well as Corporate houses looking for people to work for them in Individual Profile role.
WeWork has been one of the fastest growing Co-Space Startup globally which has acclaimed a huge share against any of its competition and also build community to cross-leverage skills, resources and talents through its app. The company is eyeing India since its launch as India stands tall after America as the Startup ground, and it seems to be the biggest bate for companies like WeWork.
Recently its Indian competition Awfis raised $20 million (INR130 Cr) and is expected to launch its leased space of a bigger size soon to encapsulate the opportunity. However, the CoWorking space has seen a huge surge and competitor like Innov8 and WeWork.
WeWork had recently raised $300 million from the Japanese conglomerate SoftBank. Its founder and CEO Adam Newmann had already shared his future plans in his speech on the StartupIndia event Last Year. The current valuation on which the company received the funding was pegged at $17 billion, which is rewarding for a Startup in such a short span of time.