In an exciting move to bolster India’s startup landscape, WeWork India has launched a groundbreaking investment program under its WeWork Labs initiative. This initiative aims to foster innovation, empower budding entrepreneurs, and pave the way for the next generation of startups.
WeWork India is all set to provide selected startups with invaluable support, expert guidance, and pre-seed and Seed capital, with potential funding reaching up to $200,000. To further enhance this endeavour, WeWork has formed a robust co-investor network comprising Chiratae Ventures, Waterbridge Ventures, IIFL, Huddle, AdvantEdge Founders, and Lead Angels.
This initiative plans to have a comprehensive 3-city roadshow series in Bengaluru, Gurugram, and Mumbai, further engaging with the burgeoning startup ecosystem in these thriving locations.
Karan Virwani, CEO of WeWork India, expressed his enthusiasm, stating, “Investments by WeWork Labs marks a pivotal moment in our commitment to this cause, and we are thrilled to support the dreams and aspirations of young entrepreneurs.”
WeWork India is not stopping at just investments; it is also gearing up to introduce an ambitious program called “Jumpstart.” This initiative will provide startup founders with the essential tools and resources needed to launch and scale their businesses successfully.
WeWork Labs has already made a significant impact on the Indian startup landscape, incubating more than 500 startups in the past five years. At present, it boasts an impressive roster of over 330 active startup members.
With these initiatives, WeWork India will play a pivotal role in shaping the future of India’s startup ecosystem, offering a beacon of hope and opportunity for visionary entrepreneurs looking to turn their dreams into reality.
