WeWork’s brutal markdown saga: The big question
The new economy playbook has started wearing out. The signs are ominous. Positioning oneself as a tech company—exaggeration, outright lie, or the truth—is all shades of grey now.
The new economy playbook has started wearing out. The signs are ominous. Positioning oneself as a tech company—exaggeration, outright lie, or the truth—is all shades of grey now.
Less than a month after WeWork’s IPO was postponed and Adam Neumann stepped down as CEO, Embassy Group-run WeWork India is looking to raise $200 million to fund its growth.
The Bengaluru-based real estate developer plans to almost double WeWork India’s flexible space operations over the next 12 months.
While New York-headquartered WeWork has come under severe scrutiny in the past weeks, can Embassy-controlled WeWork India negate the negative impact on its valuation and future expansion plans?
The Indian co-working space is the newest battleground for entrepreneurs and investors alike, with global giant WeWork looking to lead the way.