**IPO-bound WeWork India Reports 19% Revenue Surge to ₹535 Crore in Q1**
*By Mudit Dube | September 30, 2025, 04:38 PM*
WeWork India, a leading co-working space provider, has announced a 19% increase in revenue from operations for the first quarter (April-June) of the fiscal year 2025-26, reaching ₹535.31 crore. This marks a significant rise compared to ₹448.65 crore reported in the same period last year.
Despite the revenue growth, the company posted a loss of ₹14.14 crore for the quarter. This is an improvement from the loss of ₹29.17 crore recorded during Q1 of the previous fiscal 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% is owned by WeWork Global.
**Upcoming IPO Details**
WeWork India has set the price band for its upcoming Initial Public Offering (IPO) between ₹615 and ₹648 per share. The IPO aims to raise ₹3,000 crore, and at the upper price band, the company’s valuation stands around ₹8,685 crore.
The public subscription for the IPO will open on October 3 and close on October 7. The issue is structured as an Offer For Sale (OFS) of up to 4.63 crore equity shares by promoters Embassy Buildcon LLP and investor Ariel Way Tenant Ltd.
Since the IPO is an OFS, WeWork India will not receive any proceeds from the sale; the funds will go entirely to the selling shareholders.
**Strategic Operations**
WeWork India currently operates in major Tier-1 cities including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. The company manages 77 lakh square feet of space, with an operational area of 70 lakh square feet and a desk capacity of approximately 1.03 lakh.
This strong presence in key cities, coupled with its recent financial performance, positions WeWork India for growth as it prepares for its public listing.
https://www.newsbytesapp.com/news/business/ipo-bound-wework-india-s-q1-losses-shrink-revenue-up-19/story