WeWork India receives capital infusion of $100 Mn from Parent firm

WeWork India, the affiliate company of the U.S. based co-working company WeWork, said that it will receive $100 Mn funding from its parent company – WeWork Global. The latest funding will surely come as a huge boost for WeWork India as the global co-working industry tries very hard to grapple with the impact of the…

ByGirish ShettiJune 5, 20200Comments

Not Just Startups

Facebook Launches an Experimental App for Couples – Top Trending News

Here are the top 5 trending news from the world of technology 1 Facebook launches an experimental app for couples Facebook surprised everyone on Tuesday by launching a new app completely dedicated to ‘couples.’ The app is called ‘Tuned.’ Nope, it is not a dating app but an app that is meant…

ByGirish ShettiApril 8, 20200Comments

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SoftBank Forsakes WeWork’s $3 Bn Stock Deal

SoftBank has decided to pull the plug on WeWork’s bailout deal, after the latter announced on Thursday that SoftBank won’t be buying $3 Bn WeWork shares from its existing shareholders. Image Courtesy - Flickr The news comes as a major setback for WeWork’s existing shareholders including former CEO Adam Neumann, since they were hoping to earn handsome…

ByGirish ShettiApril 2, 20200Comments

Not Just Startups

Facebook & Twitter Pull down Brazil President’s COVID 19 Messages

Here are top 5 trending and happening news from the world of technology 1 Facebook and Twitter Pull down Coronavirus messages from Brazil President Facebook and Twitter are apparently practicing intolerable attitude towards misleading messages about coronavirus. So much so that it did not even spare Brazil President Jair Bolsonaro. Both…

ByGirish ShettiMarch 31, 20200Comments

Not Just Startups

Reddit CEO blasts TikTOK app, calls it ‘Fundamentally Parasitic’

1 Reddit CEO calls popular video sharing app TikTOK a ‘Parasite’ Reddit CEO Steve Huffman, image courtesy: Flickr The world has gone ga ga over TikTok app but Reddit CEO Steve Huffman had some pretty harsh things to say about the popular video sharing app. Speaking at a panel discussion, Huffman labeled the app…

ByGirish ShettiFebruary 28, 20200Comments

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Coworking Startup WeWork all set to Secede Complete Control to SoftBank

It seems that SoftBank’s rescue operation to rescue crisis laden co-working giant WeWork is now reaching the final stage. According to reports, SoftBank has initiated talks to take complete control of the San Francisco based company. The Japanese tech congloromate is planning to spearhead a new funding round of $4-5 Bn that will eventually increase…

ByGirish ShettiOctober 23, 20190Comments

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SoftBank readies a rescue plan for Co-working Startup WeWork

SoftBank Group is on a damage control mode to rescue co-working giant WeWork (one of its high-profile portfolio companies) from imminent collapse. According to Wall Street Journal, SoftBank is giving final touches to a financial package that will infuse fresh capital in the shared office company. Image Source: Flickr Japanese tech conglomerate’s fresh capital infusion will help…

ByGirish ShettiOctober 14, 20190Comments

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Post IPO Botch, WeWork India plans to Raise $200 Mn from Investors

How will WeWork’s IPO botch impact its India business? Well, the apparently tentative answer is ‘next to nothing.’ Else, why would its India business (owned by realty firm Embassy Group) plan to raise $200 Mn; when its parent company is currently busy in streamlining its global business in the aftermath of the IPO fiasco. “There is…

ByGirish ShettiOctober 11, 20190Comments

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More Indian Startups may Warm up for IPOs in next two-three years

Conventionally, an IPO launch makes for a landmark moment for most startups. From an unassuming and sometimes even a shabby offices to a blockbuster IPO launch in the capital market encapsulates the dream that probably every startup nurtures. It is not merely profit seeking investors or easy reach out to huge capital but also the…

ByGirish ShettiOctober 9, 20190Comments

News

WeWork finally Blinks to Postpone its Ill-fated IPO

WeWork on Monday finally gave into the market pressures as the company’s parent organization announced to delay its controversial IPO launch. The Co-working giants’ parent company The We Company said that it is withdrawing the S1 filing for its IPO launch. The company did not disclose any timeline about when it plans to re-fill for…

ByGirish ShettiOctober 1, 20190Comments

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