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WeWork India reports FY24 loss but sees revenue growth and raises Rs 500 crore for expansion.
WeWork India, a flexible workspace provider, reported a FY24 loss of Rs 130.8 crore, down from Rs 144.5 crore the previous year.
Despite a 19% rise in total expenses to Rs 1,864.3 crore, operating income grew 26% to Rs 1,661.6 crore, with membership fees making up 84% of income.
The company raised Rs 500 crore to reduce debt and support expansion, highlighting investor confidence in its growth strategy.
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WeWork India informa de pérdidas FY24, pero ve el crecimiento de los ingresos y eleva Rs 500 crore para la expansión.