- WeWork India, the local affiliate of New York-based co-working startup, The We Company, is working on improving profitability, rationalizing the rate of expansion and product prices, and catering to large enterprises, said a top company executive.
- ” One of the biggest components of spending money in this business is capex (capital expenditure).
- As we scale, we are looking at lower capex, lower rents and at prices, where all our competitors are.
- We are focusing on profitability, and while we will continue to grow, it will be rationalized,” Karan Virwani, WeWork India’s ” chief We officer” , said in a telephonic interview.
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