Home / Business and Economy / WeWork India Raises ₹3,000 Crore, Promoter Stake Drops to 48.1%
WeWork India Raises ₹3,000 Crore, Promoter Stake Drops to 48.1%
3 Oct, 2025
Summary
- WeWork India plans ₹3,000 crore IPO, reducing promoter stake to 48.1%
- Company's revenue and EBITDA higher than peers, but just turned profitable
- 47% of revenue from Bengaluru, 24% from Mumbai, occupancy below peers
As of October 3rd, 2025, WeWork India, a flexible workplace operator, is preparing to raise ₹3,000 crore through an initial public offering (IPO). The IPO will reduce the promoter stake in the company from 73.6% to 48.1%.
Incorporated in 2016 and headquartered in Bengaluru, WeWork India provides flexible workspace solutions, custom-designed buildings, floors and offices, and hybrid digital solutions. As of June 2025, the company operated 68 centres across eight cities, including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai, with a total capacity of 114,077 desks spanning 7.7 million square feet.
Financially, WeWork India has seen strong growth, with its revenue and operating profit before depreciation and amortisation (after adjusting for lease rental payments) increasing by 22% and 48% annually between FY23 and FY25, reaching ₹1,949.2 crore and ₹1,235.9 crore, respectively. The company reported a profit of ₹128 crore in FY25, primarily due to a deferred tax credit of ₹286 crore. Its adjusted EBITDA margin expanded to 21.6% in FY25 from 14.6% in FY23, and its net debt declined to ₹215.3 crore from ₹339.1 crore during the same period.
However, the company's geographic concentration is a concern, with 47% of its revenue coming from Bengaluru and 24% from Mumbai. Additionally, the occupancy rate in its mature centres is less than that of its peers. Given these factors, investors may wait to see more clarity in the company's financials after the IPO listing.
