Sravya Kurumella shares what it took for their team to convert an old hospital into a fully functional coworking space for WeWork India in Bangalore.

Editors Note: Given the divergent strategies and businesses, we’ve now split WeWork and WeWork India into their own contextual brand profiles.

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.

WeWork India, controlled by Embassy Group, has filed for an initial public offering (IPO) on the Mumbai stock exchange.

While the official valuation is unconfirmed, it could reach $2.5B. WeWork India operates independently from the U.S.-based WeWork group and has seen significant revenue growth and profitability. The company manages 50 locations with over 90,000 desks across seven cities in India. They saw 26.7% growth in revenue in 2024 to around $190M, and reported an operating profit of around $20M in first half of 2024.

This IPO comes amidst a booming coworking sector in India, with several other operators also expanding and attracting significant investments. Worth noting that the IPO would not inject cash into the company, but will offer liquidity to the ownership group.

WeWork India faced criticism after a potential customer took to social media to complain about the "arrogant" and "intrusive" sales approach he experienced at their Gurgaon location, where excessive questions were used to "judge" him.

The post went viral, with many users sharing similar experiences. WeWork India CEO Karan Virwani issued a public apology, acknowledging the unacceptable sales tactics and promising immediate changes.