CosmicTaco

WeWork India Raises Rs 500 Crore to Become Debt-Free

CosmicTaco · 2025-01-14T10:46:17.188666+05:30

- WeWork India successfully raises Rs 500 crore through a rights issue to repay debt, aiming to become debt-free and reduce its cost of capital. - CEO Karan Virwani highlights the infusion will strengthen the balance sheet and drive growth, solidifying WeWork India's industry position. - Founded in 2016, the company operates 63 centres across major cities, offering flexible workspaces to diverse businesses. Source: [MoneyControl](https://www.moneycontrol.com/news/business/startup/wework-india-raises-rs-500-crore-via-rights-issue-firm-says-on-path-to-become-debt-free-12909275.html)

WeWork India successfully raises Rs 500 crore through a rights issue to repay debt, aiming to become debt-free and reduce its cost of capital.
CEO Karan Virwani highlights the infusion will strengthen the balance sheet and drive growth, solidifying WeWork India's industry position.
Founded in 2016, the company operates 63 centres across major cities, offering flexible workspaces to diverse businesses.

Source: MoneyControl