WeWork looks to maintain 20-25% topline growth

CO-WORKING PLAYER WEWORK India is aiming to achieve a topline growth as well as capacity expansion of 20-25% year-on-year.

- RAGHAVENDRA KAMATH & NESIL STANEY

The company has grown its revenues by 20-25% last year and capacity has grown by around 20%.

“We can’t give any future projections, but we will keep sustaining the growth rate that we have had over the last few years,” Karan Virwani, managing director and chief executive at WeWork India told FE.

Earnings before interest, taxes, depreciation, and amortisation (Ebitda) has grown higher than that, Virwani said, adding that the co-working industry is growing at 18-20% and could go higher.