WeWork, the New-York based co-working space provider, which recently entered in the Indian market, has unveiled its second community workspace in India – WeWork BKC.
This new center of WeWork is located in Bandra Kurla Complex (BKC), the commercial and financial center of Mumbai. The development comes just two months after the company launched its first Indian co-working space WeWork Galaxy in Bengaluru.
The company says that WeWork BKC has a seating capacity of 1900+ sprawled over 1.9 lakh sq. ft. The look and feel of the facility in the economic Capital of India is on par with the global design and aesthetic standards of WeWork.
Commenting on the Mumbai launch Karan Virwani, Director for India, said,
The sharing economy trend in India is gaining traction as more consumers, particularly urban millennials, are finding it convenient and cost-effective. Thus, we need a collaborative workspace that resonates well with the millennial workforce. WeWork is the first brand in the world that adopted a different approach to traditional workspaces. Our locations will help companies of all sizes with the opportunity to collaborate through refreshing design, engaging community, and added benefits. Today we are not only building workspaces, but enabling entrepreneurial stories in India.
In Mumbai, the co-working space provider is offering three types of memberships, including hot desks, dedicated desks, and private offices. The price ranges from ₹18,000 to ₹40,200 per month.
The company has also said that it has signed two more locations in Mumbai, which are set to open in the first quarter of 2018. Further, it also plans to open 12-15 locations over the next 12-18 months.
WeWork started its operations in 2010 and today has offices in around 190 locations globally. The company is adding approximately 10 to 15 new locations per month, all over the world.
As per the reports, the US-based is in talks with global investors such as KKR, TPG, and Goldman Sachs to raise funds of over $100 million (₹640 crore) to open centers in major cities in the next three to four years.