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WeWork India

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WeWork India
Company typePublic
IndustryWorkspaces, Commercial real estate services
Founded2017
FoundersJitendra Mohandas Virwani; Karan Virwani
HeadquartersIndia
Number of locations
68 centres (2025)
Area served
India
Key people
Karan Virwani (CEO & Managing Director)
ProductsFlexible workspaces; private offices
Number of employees
Approximately 500+ (2025)
Websitewww.wework.co.in

WeWork India is an Indian flexible workspace operator and the exclusive licensee of the WeWork brand in India. Launched in 2017, the company leases primarily Grade A office space from commercial developers and designs, builds, and operates those properties as flexible workspaces to global standards.[1][2] Its membership base includes multinational corporations, Fortune 500 companies, large domestic enterprises, MSMEs, startups, and individuals.[3][4]

History

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WeWork India was established in 2017 and began operations that year.[5][6][7] In 2017, the company opened its flagship centre in Bengaluru and launched its first centres in Mumbai and Gurgaon.[8][9]

In 2019, WeWork India introduced the WeWork All Access global membership offering.[10][11] In the same year, Karan Virwani was named to Forbes Asia's Asia 30 Under 30 list for Retail & E‑commerce.[12][13]

In 2020, the company expanded into Noida, Pune and Hyderabad, opened its 25th centre,[14][15] and received the Times Business Award for Best Co‑Working Space.[16]

In 2021, WeWork India launched WeWork On‑Demand and Virtual Office products.[17]

In 2022, the company was certified as a Great Place to Work for mid‑size organisations.[18]

In 2023, WeWork India acquired Zoapi Innovations Private Limited.[19][20][21]

In 2024, the company expanded operations to Delhi and Chennai, increased its managed office footprint, launched its 50th centre and introduced WeWork Workplace;[22][23][24] it was also named Most Socially Responsible Company of the Year at the ASSOCHAM 10th MSME Excellence Awards.[25]

In 2025, WeWork India received multiple industry awards, including the ET Human Capital Awards (Excellence in D&I Practices),[26] the ET Entrepreneur Awards (Co‑working Startup of the Year),[27] the ET Kaleido Awards (Best brand campaign — Start‑ups, Silver),[28] and the ET HRWorld Employee Experience Awards (Exceptional Employee Experience — Small & Mid‑Size).[29]

Business model

[edit]

WeWork India serves a diverse membership that ranges from multinational corporations and Fortune 500 clients to startups, SMBs, and individual professionals.[30] The company's business model includes both direct membership revenues and an operator model in which WeWork India operates centres on behalf of landlords and retains a portion of member revenues as operator fees.[31] For the three months ended June 30, 2025, Enterprise Members contributed 75.67% of Net Membership Fees, and International Clients contributed 65.93% of Net Membership Fees. The Weighted Average Membership Tenure with Large Enterprise Members as of June 30, 2025, was 31 months.[32]

WeWork India is majority owned and promoted by Embassy Group, a large Indian real‑estate developer, and benefits from an affiliation with WeWork Global, which provides brand licensing and access to a global network of locations.[33][34][35]

Operations

[edit]

WeWork India offers a range of flexible workspace and ancillary services, provided across a portfolio of centres in major metropolitan areas.[10][36]

References

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  1. ^ "WeWork India offers employees to surrender up to 25 pc of vested stock option". The Times of India. 2023-04-13. ISSN 0971-8257. Retrieved 2025-11-07.
  2. ^ Dutta, Ujjaini (30 July 2025). ""WeWork India's IPO sounds a bit too familiar"". Reuters. Retrieved 7 November 2025.
  3. ^ "WeWork India gets SEBI nod to launch IPO, promoters to sell shares to monetise investments". Hindustan Times. 2025-07-15. Retrieved 2025-11-07.
  4. ^ Whittaker, Zack (2022-07-04). "WeWork India exposed visitors' personal info and selfies". TechCrunch. Retrieved 2025-11-07.
  5. ^ "WeWork India - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2025-11-07.
  6. ^ Ghosh, Debojyoti (2018-08-01). "WeWork India aims to double its centres by the year end". Fortune India. Retrieved 2025-11-07.
  7. ^ "World's biggest co-working startup WeWork enters India with mega facility". VCCircle. Retrieved 2025-11-07.
  8. ^ Sabharwal, Punita (2018-10-13). "Top 10 Coworking Spaces in India | Entrepreneur". Entrepreneur. Archived from the original on 2025-08-15. Retrieved 2025-11-07.
  9. ^ www.ETBrandEquity.com. "times business awards 2020". ETBrandEquity.com. Retrieved 2025-11-07.
  10. ^ a b "Adding Coworking Access for Employees or Contractors". Deel. 2024-06-17. Retrieved 2025-11-07.
  11. ^ "WeWork - Your Flexible GigStation | HDFC Bank GIGA". v.hdfcbank.com. Archived from the original on 2025-07-18. Retrieved 2025-11-07.
  12. ^ "Karan Virwani - WeWork India". Forbes. Retrieved 2025-11-07.
  13. ^ "Page 32 - Forbes - Asia (April 2019)". online.anyflip.com. Retrieved 2025-11-07.
  14. ^ "Request Rejected". www.avendus.com. Retrieved 2025-11-07.
  15. ^ www.ETRealty.com. "WeWork India starts two new co-working centres in Mumbai, Bengaluru". ETRealty.com. Retrieved 2025-11-07.
  16. ^ www.ETBrandEquity.com. "times business awards 2020". ETBrandEquity.com. Retrieved 2025-11-07.
  17. ^ Nandy, Madhurima (2021-12-20). "WeWork India turns profitable, eyes growth in 2022 | Company Business News". mint. Retrieved 2025-11-07.
  18. ^ "Co-working startup WeWork India invests in conferencing platform Zoapi". The Economic Times. 2022-10-13. ISSN 0013-0389. Retrieved 2025-11-07.
  19. ^ Rudra, Tapanjana (2022-10-13). "WeWork India Invests In Bengaluru-Based Zoapi To Enhance Hybrid Work Experience". Inc42 Media. Retrieved 2025-11-07.
  20. ^ "WeWork India-backed startup Zoapi unveils new brand identity". MediaBrief. 2023-05-05. Retrieved 2025-11-07.
  21. ^ IANS (2022-10-13). "WeWork India makes its 1st investment in Bengaluru-based Zoapi". The Statesman. Retrieved 2025-11-07.
  22. ^ Marketing, Passionate in (2024-06-14). "WeWork India Debuts in Chennai with the Launch of its First Building - Olympia Cyberspace". Passionate In Marketing. Retrieved 2025-11-07.
  23. ^ "WeWork India Expands Its Horizons: 1 Lakh Desks and New Campuses in Bengaluru, Gurugram, and Chennai". www.aurumproptech.in. Retrieved 2025-11-07.
  24. ^ Khan, Sobia (2025-06-03). "WeWork leases over 60,000 sq ft of managed office space to Samsung India Electronics". The Economic Times. ISSN 0013-0389. Retrieved 2025-11-07.
  25. ^ "ASSOCHAM | Knowledge Architect of India". www.assocham.org. Retrieved 2025-11-07.
  26. ^ www.ETHRWorld.com. "ET Human Capital Awards 2025: Celebrating the visionary leaders". ETHRWorld.com. Retrieved 2025-11-07.
  27. ^ "Honouring the visionaries shaping the future of business". The Economic Times. 2025-04-30. ISSN 0013-0389. Retrieved 2025-11-07.
  28. ^ www.ETBrandEquity.com. "Kaleido Awards 2025: India's PR and comms prove their 'metal'". ETBrandEquity.com. Retrieved 2025-11-07.
  29. ^ www.ETHRWorld.com. "World's Happiest Workplaces Announced". ETHRWorld.com. Retrieved 2025-11-07.
  30. ^ "How Much Does a Coworking Space Cost? | Venture X India Guide". 2025-08-05. Retrieved 2025-11-07.
  31. ^ "WeWork Inc. (Form: 10-K, Received: 03/17/2022 16:41:32)". content.edgar-online.com. Retrieved 2025-11-07.
  32. ^ "Wework India management limited" (PDF). wework.co.in.
  33. ^ "WeWork Business Model - GrowthX Deep Dive". growthx.club. Archived from the original on 2025-09-10. Retrieved 2025-11-07.
  34. ^ Pereira, Daniel (2022-03-02). "WeWork Business Model". businessmodelanalyst.com. Retrieved 2025-11-07.
  35. ^ "The WeWork Business Model Explained [+ PDF Guide]". www.coworkingresources.org. 2021-02-10. Retrieved 2025-11-07.
  36. ^ "WeWork Coworking Spaces: A Guide to Flexible Workspace Solutions for Professionals". www.onecoworking.com. Retrieved 2025-11-07.
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