Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 31 2018

Co-working firm WeWork aims expand across 20 India locations

WeWork currently has about 12,000 seats across these three cities, is planning to build co-working spaces in Chennai, Pune and Hyderabad next year.

WeWork, a US-based co-working firm is mulling over to increase its presence in India with plans to grow its capacity in Bengaluru, Mumbai and Gurugram to have over 35,000 seats in the country by the year end.

WeWork currently has about 12,000 seats across these three cities, is planning to build co-working spaces in Chennai, Pune and Hyderabad next year.

"We have been open for a year and we have grown very quickly. We started with 2,200 desks and we are now over 10,000 members which is pretty amazing," said Ryan Bennett, Chief WeWork Officer at the company.

"We are continuing to grow at a strong pace, we have four locations in Mumbai, four in Bengaluru and one in Gurugram currently. By the end of the year, we will have 5 locations in Gurugram, 10 in Mumbai and 8 in Bengaluru," he noted.

Companies like Discovery India, GoDaddy, Twitter and Jaguar Land Rover use WeWork spaces in India apart from entrepreneurs and startup businesses

Many individuals, startups and even larger enterprises likely to use co-working spaces against the conventional offices for diverse reasons, including lower rentals, savings on operational costs and a more flexible work environment.

"Within six months, almost all of our locations are at 90% occupancy. We are putting a lot of money into growth right... We are not competing with co-working spaces but traditional workspaces and real estate," said Bennett.

Comment
Related opportunities
  • Mens Wear
    About Us:  Mrbutton in is a one-stop shop for men’s wardrobe..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Travel
    About Us: eBike is one of it's kind Revolutionary startup aiming..
    Locations looking for expansion Punjab
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amritsar Punjab
  • Diamond & Platinum wears
    About Us: Pure Platinum is a jewellery manufacturing organization of rare..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: Nirula's is India's oldest fast food restaurant chain. Based..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities