Co-working gets hybrid work push

While global co-working company WeWork filed for bankruptcy three weeks ago in the US, it’s Indian arm and peers are thriving amidst the hybrid work models and flexible space strategy adopted by corporates and startups since the pandemic.

Take WeWork India, for instance. The Indian arm of WeWork reported a revenue of Rs 831 crore for April-September 2023, up 40% from a year ago, while Ebitda for the period was up 90% at Rs 532 crore. In Q2FY24, it posted a total revenue of Rs 426.1 crore, the highest revenue per quarter achieved for the firm.