🎬 The glitzy offices of WeWork Global in New York are in turmoil as the company faces a dramatic twist in its plot. With losses and cash flows doing the limbo dance, WeWork Global's future is hanging by a thread, and they're singing "Will I Stay or Will I Go" in their financial symphony!
Cut to WeWork India, our very own Bollywood superstar, led by the dashing CEO Karan Virwani, who confidently declares, "Hum toh bilkul fine hai, boss!" Despite the global turmoil, WeWork India is grooving to its own tune, showing off dance moves that even Hrithik Roshan would envy. Karan Virwani, in his suave style, drops a dialogue that could rival any Bollywood hero, "Embassy Group is our partner-in-crime, holding the keys to our success. Whatever drama's happening abroad, it's not our party, yaar!" With a wink and a smile, Virwani reveals the impressive box office collection – Rs 1,400 crore in revenue and a whopping Rs 250 crore in "earnings." Move over Rajnikanth, there's a new superstar in town!
🎭 WeWork Global's rollercoaster ride in the stock market is a thriller, making us all feel like we're in a suspense-filled climax. Meanwhile, our desi hero WeWork India is coolly taking center stage, snapping up properties in Delhi, Pune, and Hyderabad like a real estate rockstar.
In a classic dance-off, WeWork India flaunts its moves – securing a lease for a massive office space in Bengaluru and acquiring properties in Hyderabad like a real estate shopaholic. A million-and-a-half square feet? No big deal for our desi dynamo!
💃 Karan Virwani, in an epic dialogue delivery, says, "Our dream is an India IPO story!" Talk about a blockbuster ambition! With a grin worthy of a hero's close-up, he spills the beans – restructuring and resizing operations like a true on-screen hero, ensuring 65% occupancy covers their costs. Move over, Shah Rukh Khan, we have a new king of romance and business strategy!
And just when you think the show can't get any more dramatic, Virwani reveals WeWork India's occupancy is hitting 80-85%, leaving us all speechless in awe. 📽️ Flashback to 2019, when SoftBank infused more money into WeWork Global than the GDP of Bolivia! And just like a surprise twist in a Bollywood flick, they shared $100 million with WeWork India in 2020 during the pandemic. Cue the heartwarming music!
But the climax of this rollercoaster is the recent Rs 550 crore infusion from BPEA Credit. With a triumphant victory dance, WeWork India launches an ESOP surrender scheme for long-term employees, proving they're all about sharing the success and the spotlight. So there you have it, folks – while WeWork Global might be playing musical chairs with its future, WeWork India is taking the stage with all the confidence and flair of a Bollywood superstar. Will WeWork India save the day for the global company? Only time will tell, but for now, we're all sitting back, popcorn in hand, and enjoying the blockbuster drama unfold in the world of co-working! 🍿🎥🏢
Overjoyed with our Bengaluru dashing dynamic CEO Kiran Virwani giggling the box office register for WeWork India where as in the Scillon valley WeWork is on a roller coaster ride going through an ordeal due to the uncertainty of its survival. Jitu Virwani Chairman of Embassy group of realtors is the lodestar along with his young team . Kudos
We Work India doing Great Work