WeWork India (which operates separately from WeWork) has set a price band for their IPO at 615-648 rupees per share, targeting a valuation of $979.6M according to Reuters. 35.4M of the shares being sold belong to Embassy Group, while 10.9M are held by one of their affiliates. To date they operate 59 spaces, offering 94,440 desks.

Retail investors can begin trading shares October 3rd 2025. This offering will bring the total number of public coworking brands to three, joining Awfis and Smartworks.

While this Reuters article pokes at a few concerns around WeWork India‘s IPO it also highlights two interesting things we thought you might find interesting.

First, the terms of the independent Indian network negotiated with the global brand (who is minority shareholder, alongside Embassy Groups 74%) – a 2.84% rev share as a management fee. And second, The Executive Center is also preparing to list and Smartworks recently went public in the region.

And yes, we need to split the WeWork and WeWork India coworking profiles on TWIC. We’re on it.

Smartworks, a Gurugram-based office space provider, has raised USD 12 million in a funding round led by Ananta Capital, with participation from around 45 investors including Plutus Capital, Kili Ventures, and Dhawan Family Trust.

Smartworks have announced they’re expanding into another "Tier-II city" in India. The 56k sqft location joins 38 locations in 12 cities.