**IPO-bound WeWork India’s Q1 Revenue Surges 19% to ₹535 Crore**
*By Mudit Dube | Sep 30, 2025, 04:38 PM*
WeWork India, a leading co-working space provider, has reported a 19% increase in revenue from operations for the first quarter of the fiscal year 2025-26. The company generated ₹535.31 crore during the April-June period, up from ₹448.65 crore in the same quarter last year. However, it posted a loss of ₹14.14 crore in Q1, an improvement over the ₹29.17 crore loss recorded in the corresponding quarter of the previous year.
**Financial Overview**
For the full fiscal year 2024-25, WeWork India reported a profit of ₹128.18 crore on a turnover of ₹1,949.21 crore. The company operates under an exclusive license from the global WeWork brand and is primarily owned by Bengaluru-based real estate firm Embassy Group, which holds approximately 76.21% stake. The remaining 23.45% stake is held by WeWork Global.
**IPO Details**
WeWork India has set a price band of ₹615 to ₹648 per share for its upcoming Initial Public Offering (IPO), which aims to raise ₹3,000 crore. At the upper end of the price band, the company’s valuation stands at around ₹8,685 crore. The issue will open for public subscription from October 3 and close on October 7.
Notably, this IPO is structured as an Offer For Sale (OFS) of up to 4.63 crore equity shares by Embassy Buildcon LLP, part of the promoter group, and investor Ariel Way Tenant Ltd. Since it is an OFS, WeWork India will not receive any proceeds from the IPO; all funds will go to the selling shareholders.
**Strategic Operations**
WeWork India currently operates in key Tier-1 cities including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. The company manages 77 lakh sq. ft of space, with an operational area of 70 lakh sq. ft and a desk capacity of 1.03 lakh.
With its promising financial performance and upcoming IPO, WeWork India continues to strengthen its position in the rapidly growing flexible workspace market.
https://www.newsbytesapp.com/news/business/ipo-bound-wework-india-s-q1-losses-shrink-revenue-up-19/story