WeWork India looks to rationalize expansion, focus on profitability

  • 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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