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WeWork India, a premium flexible workspace operator, has filed preliminary papers with SEBI for an IPO.
The deets: The issue is an Offer for Sale (OFS) of 4.37 crore shares, with promoters Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd offloading their stake.
Launched in 2017, WeWork India leases Grade A office spaces across Tier 1 cities, catering to startups, SMBs, and large enterprises.
The company operates under a franchise agreement with WeWork Global.
The IPO is a full stake sale, meaning WeWork India won’t receive any fresh capital.
What’s new: The IPO comes months after WeWork Global filed for bankruptcy, weighed down by $15 billion in debt. The Indian unit, however, has turned things around—posting a ₹174 crore net profit in Q2 FY25 after losses in previous years.
Why it matters: WeWork India is filing for an IPO at a time when flexible workspaces are gaining mainstream adoption, with WeWork Global’s struggles still fresh.
Bottom line: India’s co-working sector is projected to reach $2.91 billion by 2030, growing at a 7% CAGR. But for WeWork India, the real challenge will be proving that profitability isn’t just a post-pandemic fluke.
