“WeWork’s exponential growth across three major cities in the last 18 months has proven that they are still scratching the surface. WeWork is reportedly in talks with Embassy Group over a potential $1bn deal to take a 51% stake in their Indian joint venture. The co-workspace operator wants to take back control before the licensing deal expires in 2021. Real estate developer Embassy has built co-working sites in 17 locations in India comprising 35,000 desks, which it plans to expand to 90,000 by the end of this year,two years ahead of schedule. In India, there are more than 100 million people who work from home, according to data provided by the Ministry of Corporate Affairs, and about half of them have access to an Internet connection. WeWork may be seeking ownership before the valuation increases and the companies are due to meet in the third week of January.
WeWork is reportedly in talks with Embassy Group over a potential $1bn deal to take a 51% stake in their Indian joint venture. The co-workspace operator wants to take back control before the licensing deal expires in 2021. Real estate developer Embassy has built co-working sites in 17 locations in India comprising 35,000 desks, which it plans to expand to 90,000 by the end of this year,two years ahead of schedule. In India, there are more than 100 million people who work from home, according to data provided by the Ministry of Corporate Affairs, and about half of them have access to an Internet connection. WeWork may be seeking ownership before the valuation increases and the companies are due to meet in the third week of January.