India is an important market for WeWork, CEO Sandeep Mathrani

The cost structure in India is very attractive and the Indian market is poised to become even more important as we see hub and spoke models evolve with not many large corporations re-looking at capital expenditure, said Sandeep Mathrani, Global CEO, WeWork.

Mathrani said that though India was a small part of WeWork’s global business at this time, it was an important market in terms of global growth strategy.

In September, US-based office space provider WeWork Global bought 25% stake in WeWork India, a fully-owned subsidiary of Bengaluru-based estate developer Embassy Group, for $100 million as the company looks to scale up India operations over the next 36 months.