WeWork India Raises INR 500 Cr Via Rights Issue

The company has a portfolio of over 6.5 Mn sq. ft across 44 locations in Delhi NCR, Mumbai, Bengaluru, Pune and Hyderabad

The company competes with other major players in the Indian coworking market, including 91Springboard, Awfis, The Hive

The funds will be used to repay debt, support the company in becoming debt-free and lowering the cost of capital

Coworking major WeWork has raised INR 500 Cr (around $57.7Mn) through rights issue, nearly two months after it bolstered its leadership team with key appointments to…