WeWork, a US-based co-working firm is mulling over to increase its presence in India with plans to grow its capacity in Bengaluru, Mumbai and Gurugram to have over 35,000 seats in the country by the year end.
WeWork currently has about 12,000 seats across these three cities, is planning to build co-working spaces in Chennai, Pune and Hyderabad next year.
"We have been open for a year and we have grown very quickly. We started with 2,200 desks and we are now over 10,000 members which is pretty amazing," said Ryan Bennett, Chief WeWork Officer at the company.
"We are continuing to grow at a strong pace, we have four locations in Mumbai, four in Bengaluru and one in Gurugram currently. By the end of the year, we will have 5 locations in Gurugram, 10 in Mumbai and 8 in Bengaluru," he noted.
Companies like Discovery India, GoDaddy, Twitter and Jaguar Land Rover use WeWork spaces in India apart from entrepreneurs and startup businesses
Many individuals, startups and even larger enterprises likely to use co-working spaces against the conventional offices for diverse reasons, including lower rentals, savings on operational costs and a more flexible work environment.
"Within six months, almost all of our locations are at 90% occupancy. We are putting a lot of money into growth right... We are not competing with co-working spaces but traditional workspaces and real estate," said Bennett.
