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WeWork Global to invest $100 million in Indian business amid coronavirus crisis

Shortpedia

Content Team

WeWork has decided to invest $100 million in its Indian business as the office-sharing startup looks to ride out the coronavirus crisis, which has kept people indoors and away from offices. WeWork India said on Friday it plans to use the proceeds, from its first ever fund raise, for "focused growth" in the Indian market over the next 36 months. WeWork's India franchise in May laid off 100 employees, or 20% of its workforce.