US bankruptcy will not hit WeWork business in India

November 7, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Advertisements

WeWork India’s CEO, Karan Virwani, stated that the US-based co-working startup’s bankruptcy filing will not affect WeWork India’s business, as it operates independently. WeWork India is backed by the Embassy Group and has been profitable since 2021. WeWork’s bankruptcy proceedings in the US and Canada do not involve its locations outside of these countries, and its franchisees worldwide will not be affected. WeWork had filed for Chapter 11 bankruptcy and revealed nearly $19 billion in debt. WeWork India currently operates in seven cities with 50 locations.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

US bankruptcy will not hit WeWork business in India

Share this:

Share this:

Discover more from Maheri Network