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
  • E-Commerce & Related
    MOS Utility Private Limited is offering franchise with high potential..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 10000 - 50 K
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Malad west Maharashtra
  • Others Food Service
    About Us: What The Fork is an established brand in OMR,..
    Locations looking for expansion Tamil nadu
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chennai Tamil nadu
  • Casual dine Restaurants
    About Us: Company is into F&B Business with concepts such as..
    Locations looking for expansion Karnataka
    Establishment year 2011
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Designer jewellery
    About Us: It all started when PC Jeweller first opened its..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2016
    Investment size Rs. 5 Cr. above
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New 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