WeWork India to invest up to $200,000 in early-stage startups

Flexible workspace provider WeWork India said on Tuesday it has launched an investment program for early-stage Indian startups, under which it will invest pre-seed or seed capital of up to $200,000 in selected startups.

“Investments by WeWork Labs will focus on helping early-stage startups through a blend of pre-seed capital, competitive guidance and comprehensive business support to help them scale,” the company said in a statement.

Prior to launching an investment program, WeWork Labs mainly functioned as an incubator and accelerator for over 500 startups during the last five years. Currently, 330 startups are under its acceleration programme.