WeWork India in talks to raise $200m after funding talks with ICICI collapse

WeWork India in talks to raise $200m after funding talks with ICICI collapse

Signage is displayed on glass doors at the WeWork Cos. 32nd Milestone co-working space in Gurugram, India, on Monday, Feb. 18, 2019. Photographer: Ruhani Kaur/Bloomberg

WeWork’s India franchise has seen talks with local lender ICICI Bank Ltd on $100 million in funding break down since The We Company’s botched stock market launch, and is in early discussions to raise $200 million from new investors, the venture’s chief shareholder Jitu Virwani said on Thursday.