WeWork's India business is trying to raise $200 million after prior funding was pulled following the firm's botched IPO
Reuters / Kate MunschWeWork India is battling to raise $200 million in fresh capital after a local lender pulled $100 million in funding following the The We Company's failed initial public offering, according to Reuters. The business is a franchise of WeWork owned by investors including the Embassy Group, a real estate developer based in India. Jitu Virwani, the venture's largest shareholder in the venture, said existing investors will inject their own capital into the business if they have to, Reuters reported. Read more WeWork news here.
WeWork's failed initial public offering is sending ripples through its businesses across the world.
WeWork India, a franchise of the co-working giant, is looking to raise $200 million in new capital after a local lender in India pulled $100 million in funding, according to Reuters. See the rest of the story at Business Insider
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