WeWork India Management Private Limited
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WeWork India Management Private Limited - overview
Established
2017
Location
Bangalore, Karnataka, India
Primary Industry
Real Estate Development & Operating Companies
About
Based in Bengaluru, India, and founded in 2017 by Karan Virwani, WeWork India Management Private Limited operates as a service provider company that engages in entity file sharing and connectivity. In December 2022, WeWork India Management Private Limited raised INR 550 million in venture funding from BPEA Credit. WeWork India Management Private Limited is a provider of shared workspace community and office services to help small business owners and startups collaborate and engage. The company provides co-working spaces and uses technology to create a more efficient environment for using the space, allowing startups, entrepreneurs, and small businesses to cultivate creativity and teamwork by bringing like-minded and motivated people together.
The company plans to use the December 2022 funding for business growth and business opportunities.
Current Investors
Ascertis Credit
Primary Industry
Real Estate Development & Operating Companies
Sub Industries
Application Integration Software, Real Estate Development & Operating Companies
Website
www.wework.co.in
Verticals
Cloud Computing, Real Estate Tech
Total Amount Raised
Subscriber access only
WeWork India Management Private Limited - timeline of key events
WeWork India Management Private Limited - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 567,331,681 | 3,016,095,458 | 6,910,882,854 | - | - | - |
| % Revenue Growth (YoY) | - | - | 431.6% | 129.1% | - | - | - |
| EBITDA (USD) | (82,747,281) | (595,320,082) | (1,169,382,099) | (574,910,496) | - | - | - |
| Operating Income (USD) | (82,805,378) | (743,987,151) | (2,284,634,804) | (2,752,029,395) | - | - | - |
| Operating Margin | - | (131.1%) | (75.7%) | (39.8%) | - | - | - |
| % EBITDA Margin | - | (104.9%) | (38.8%) | (8.3%) | - | - | - |
| NET Income (USD) | (80,092,985) | (757,840,213) | (2,374,958,309) | (3,174,124,355) | - | - | - |
| % Net Margin | - | (133.6%) | (78.7%) | (45.9%) | - | - | - |
WeWork India Management Private Limited - employee data
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