Real estate developer Embassy Group has provided $15.7m for WeWork India, a spinoff of co-working space provider WeWork.
WeWork India, an offshoot of US-based co-working space operator WeWork, has received Rs 1bn ($15.7m) in funding from property developer Embassy Group, VCCircle has reported.
The spinoff was launched in 2017 and operates eight co-working hubs across the Indian cities of Bangalore, Delhi NCR and Mumbai, according to VCCircle. The funding will support the opening of additional spaces in the three cities.
WeWork did not invest in WeWork India, instead taking a profit share and fee for providing designs, technology…
