🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
WeWork appoints David Tolley as CEO
Economic Times
·
1y ago
Medial
WeWork has announced the appointment of David Tolley as its new CEO. Tolley, who has been a board member since February 2023, has been serving as the interim CEO since May 2023. This leadership change comes after the departure of Sandeep Mathrani as CEO. Under Mathrani's tenure, WeWork successfully went public, implemented cost-cutting measures, boosted revenue, and strengthened its balance sheet.
View Source
Related News
Adam Neumann submits bid to buy back WeWork: report
Economic Times
·
1y ago
Medial
Former WeWork CEO, Adam Neumann, has reportedly submitted a bid of over $500 million to buy back the office-sharing company he co-founded. Neumann aims to acquire WeWork, which was valued at $47 billion before filing for bankruptcy, though it remains unclear how he plans to secure financing for the bid. Neumann's pursuit of expansion over profit and his eccentric behavior led to his departure in 2019 and the subsequent cancellation of WeWork's initial public offering. WeWork is currently focused on its restructuring efforts to emerge from Chapter 11 as a financially strong and profitable company.
View Source
Embassy Group-controlled India franchisee of WeWork files for IPO
VCCircle
·
6m ago
Medial
The Indian franchisee of WeWork, managed by the Embassy Group, has filed for an initial public offering in Mumbai. The IPO will include the sale of 33 million shares by Embassy Group and 10.3 million shares by 1 Ariel Way Tenant, without issuing new shares. WeWork India won't receive proceeds from this sale. The company operates a total leaseable area of 602,012 square meters and is led by Karan Virwani, CEO of WeWork India.
View Source
WeWork India CEO Highlights Surging Demand for Co-Working Spaces in the Country
Business Bytes
·
1y ago
Medial
The co-working industry in India is experiencing remarkable growth, with the demand for flexible office spaces doubling over the past year, according to Karan Virwani, CEO of WeWork India. This surge in demand is indicative of the evolving work preferences and the influence of India’s young demographic on shaping contemporary work environments. As a testament to this trend, WeWork India has recently expanded its footprint by leasing a substantial 54,000-square feet office space in New Delhi.
View Source
WeWork Inc’s plans fail to work out
Economic Times
·
10m ago
Medial
WeWork's plan to sell its 27% stake in WeWork India and exit the country has fallen through due to a valuation mismatch. The Competition Commission of India had previously approved the proposal, which would have seen WeWork and its partner, the Embassy Group, divest a total of 40% stake to new investors. WeWork India's CEO, Karan Virwani, is now in talks with 360 One to potentially buy some of the stake. This comes after rival coworking firm Awfis had a successful IPO in May, indicating a positive turn for the industry in India.
View Source
Adam Neumann opens up about his billion-dollar plan to transform apartment living and explains why he wants to buy back WeWork
Business Insider
·
1y ago
Medial
Former WeWork CEO Adam Neumann has launched a new company called Flow, backed by a $350 million investment from Andreessen Horowitz. Flow aims to transform apartment living and is positioned as an experience-first residential real estate company. Neumann stated that Flow leverages technology to improve the backend systems of buildings and offer a seamless experience through a native app. He also hinted at potential partnerships with WeWork and revealed discussions with various stakeholders. Flow currently operates two apartment buildings in South Florida and has plans for expansion in the future.
View Source
Intel CEO Pat Gelsinger retires from struggling chipmaker
Economic Times
·
8m ago
Medial
Intel announced that CEO Pat Gelsinger will retire from the company on December 1. In the meantime, CFO David Zinsner and senior executive Michelle Johnston Holthaus will serve as interim co-CEOs. Intel's board will commence the search for a permanent CEO. As a result of this news, the company's shares saw a near 3% increase in premarket trading.
View Source
WeWork India says business not affected by US bankruptcy
Economic Times
·
1y ago
Medial
WeWork India has clarified that its business will not be affected by the recent bankruptcy filing of its global parent company, WeWork. The Indian unit, a separate entity backed by Embassy Group, reassured members and stakeholders that it will continue to operate as usual. WeWork India, which has been running profitably since 2021, closed the previous financial year with revenue of Rs 1,400 crore ($168.99 million). The Chapter 11 filing by WeWork in the US is aimed at restructuring debts and leases in order to improve the company's financial condition.
View Source
CCI approves WeWork Inc's exit from India unit
Economic Times
·
1y ago
Medial
The Competition Commission of India (CCI) has approved WeWork Inc's plan to sell its entire 27% stake in its Indian coworking firm. This deal involves the Enam group family office, A91 Partners, and CaratLane founder Mithun Sacheti investing in WeWork India. WeWork Inc and Embassy Group, WeWork India's parent company, will sell about 40% of the coworking unit. This move marks WeWork Inc's exit from the Indian market. The Indian business of WeWork reported strong revenue growth and narrowed net losses in the past year.
View Source
Here's why Adam Neumann's mysterious billion dollar real estate startup will go head-to-head with WeWork
Business Insider
·
1y ago
Medial
Adam Neumann's secretive residential real estate startup, Flow, aims to compete or partner with WeWork. However, based on a visit to its first building, Flow appears to be self-sufficient and doesn't rely on WeWork. Neumann's noncompete agreement with WeWork expired, and Flow offers its own coworking spaces, making a WeWork subscription unnecessary. Flow emphasizes commerce and professional networking to support residents' businesses, providing an alternative value proposition to WeWork.
View Source
KKR appoints former CIA director and US army general as Middle East chairman
VCCircle
·
3m ago
Medial
KKR has appointed retired US Army General and former CIA Director David Petraeus as chairman of its Middle East operations, enhancing its regional presence. Petraeus will use his extensive knowledge and relationships to bolster KKR's initiatives. Additionally, a new investment team led by Julian Barratt-Due will focus on opportunities in the Gulf Cooperation Council countries. These strategic moves signify KKR's commitment to the Middle East's growing economic landscape, marked by reforms and pro-investment policies.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
