Browsing Tag

India

27 posts
WeWork

WeWork India Raises INR 500 Crore via Rights Issue to Reduce Debt

WeWork India has successfully raised INR 500 crore through a rights issue, focusing on debt repayment and strengthening its financial position. CEO Karan Virwani emphasized that the move underscores investor confidence and supports long-term growth. Operating in eight cities, WeWork India offers over 1 lakh desks, catering to businesses of all sizes.
India’s HNIs and UHNIs are growing rapidly in 2024

The Rise of Indian HNIs and UHNIs in 2024: A New Era of Wealth and Influence

India’s population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) is surging in 2024, fueled by tech, start-ups, and real estate. With a growing focus on luxury consumption, global investments, and sustainability, India’s wealthy are reshaping the global economic landscape, with younger entrepreneurs at the forefront of this transformation.
Minimalist Coworking

Innov8 Reports Net Profit of INR 62 Crore in FY 2024

Innov8, India’s leading flex space startup, reported a net profit of INR 62 crore for FY 2024, a sharp increase from INR 2.5 crore in FY 2023. The company is planning a major expansion, aiming to increase its seat capacity to over 50,000 by 2025, and is raising ₹100 crore to support its growth initiatives.
Flex Office spaces

India Leads Asia Pacific Office Market with 70% of Demand in Q3 2024, Driven by Flight to Quality

The Asia Pacific office market saw a 10.7% increase in demand in Q3 2024, driven by strong activity in India, New Zealand, and Singapore. India continues to dominate, accounting for over 70% of regional demand, as occupiers seek premium, ESG-compliant office spaces.
Innov8 reception

Innov8 to Double Coworking Centers to 100 by 2025

Innov8, a leading coworking startup in India, has announced plans to double its number of centers to 100 by 2025, increasing capacity to over 50,000 seats. This expansion is driven by the growing demand for flexible workspaces from various sectors, including startups and large enterprises, amidst evolving market dynamics.