WeWork India Gets Nod From SEBI for IPO

July 16, 2025

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SEBI has finally approved the Premium workplace solutions company, WeWork, for a much-awaited IPO.

We work IPO’s structure is based entirely on an Offer for Sale (OFS), which will see the divestment of up to 43,753,952 equity shares. WeWork India, is poised to offload as many as 33,458,659 shares.

Additionally, 1 Ariel Way Tenant Limited will offer up to 10,295,293 shares.

The IPO will not involve any fresh issuance of shares, indicating that the proceeds will go directly to the selling shareholders.

WeWork India’s public offer was brought out of abeyance by the markets regulator last week.

The company is looking to raise Rs 4,000 crore through listing, ET reported last week.

WeWork: India’s Presence

WeWork India started in 2017 as a part of the global WeWork brand.

It was brought to India by Embassy Group, a big real estate company based in Bengaluru. The company was started under the leadership of Karan Virwani, who is now the CEO.

Unlike the global WeWork, which grew too fast and ran into trouble, WeWork India followed a safer plan.

It focused on slow and steady growth, managing costs, and offering spaces that fit the needs of Indian businesses.

The first office opened in Bengaluru, and soon it expanded to other big cities like Mumbai, Delhi, Gurugram, Noida, Hyderabad, Pune, and Chennai.

Today, WeWork India has over 60 locations, with more than 100,000 desks and nearly 77 lakh square feet of office space. It gives flexible and ready-to-use workspaces to freelancers, startups, and large companies. Embassy Group owns most of the company, while WeWork Global owns a smaller part.

Even when WeWork in the U.S. went bankrupt in 2023, WeWork India was not affected. It became profitable in 2024 and got permission to launch its IPO in July 2025, showing its strong position as a leader in India’s co-working space industry.

In the first half of the financial year 2024 to 2025, it turned profitable with a net profit of ₹174 crore on ₹961 crore in revenue. The company operates in eight major cities, including Bengaluru, Mumbai, Delhi, Gurugram, Noida, Pune, Hyderabad, and Chennai, with over 60 office locations offering more than 1,03,000 desks and covering nearly 77 lakh square feet of space.

Major clients include large enterprises such as Samsung India. With majority ownership by Embassy Group and a minority stake held by WeWork Global, the company is ready for the upcoming IPO.

[Credits for header image: WeWork India
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