IWG is taking a three-pronged approach to growth in India, according to country manager Harsh Lambah: organic growth, acquisitions and franchising. there is as good, if not better than the major metros. India has around 200 co-workspace providers, not all of which have the funds to expand, Lambah said, and he predicted closures and consolidation in the sector. The company will also focus on expanding its presence into other emerging markets such as China, where it recently acquired an e-commerce platform called Shopping.in. The company currently has 120 centres across 16 cities in India, including tier 2 cities which Lambah said have been very successful.
IWG is taking a three-pronged approach to growth in India, according to country manager Harsh Lambah: organic growth, acquisitions and franchising. India has around 200 co-workspace providers, not all of which have the funds to expand, Lambah said, and he predicted closures and consolidation in the sector. The company will also focus on expanding its presence into other emerging markets such as China, where it recently acquired an e-commerce platform called Shopping.in. The company currently has 120 centres across 16 cities in India, including tier 2 cities which Lambah said have been very successful.