WeWork India Management Ltd. IPO

We provide flexible, high-quality workspaces to the customers (who we refer to as members) which include companies of all sizes: large enterprises, small and mid-size businesses, startups, as well as individuals. According to the CBRE Report, we have established multi-asset relationships with ... various prominent developers across major Tier 1 cities. We lease primarily Grade A office space from such developers and, according to the CBRE Report, we design, build, and operate them as flexible workspaces as per global standards. Launched in 2017, we are, according to the CBRE Report, a leading premium flexible workspace operator in India, and have been the largest operator by total revenue in the past three Fiscals. According to the CBRE Report, we have played a significant role in the growth of the flexible workspace sector in India and been a key contributor for the evolution of flexible workspace products and services. We are the exclusive licensee of the WeWork Brand in India. Read more

CBRE South Asia Pvt. Ltd. (‘CBRE’) has prepared the report titled “Industry Report on Flexible Workspaces Segment in India” dated September 19, 2025 (“CBRE Report”). CBRE is not operating under a Financial Services License when providing the CBRE Report, which ... does not constitute financial product advice. The CBRE Report is not a recommendation to invest / disinvest in any offer or transaction and no part of the CBRE Report should be construed as an expert advice or investment advice or any form of investment banking within the meaning of any law or regulation. Investors should consider obtaining independent advice from their financial advisor before making any decision to invest in/with the Company. Any reference to CBRE within the Red Herring Prospectus must be read in conjunction with the full CBRE Report, which are available on the website at https://wework.co.in/investors-relations/. The CBRE Report is strictly limited to the matters contained within, and should not be read as extending, by implication or otherwise, to any other matter in the Red Herring Prospectus. CBRE has prepared the CBRE Report relying on and referring to information provided by third parties, publicly available information as well as industry publications and other sources that CBRE considers reliable (“Information”). CBRE assumes that the Information is accurate, reliable and complete. Forecasts, estimates and other forward-looking statements contained in the CBRE Report are inherently uncertain. Changes in factors underlying their assumptions, or events or a combination of events that cannot be reasonably foreseen can have a significant impact on the actual results, and future events could differ materially from such forecasts, estimates, or other forward-looking statements. In making any decision regarding the transaction, the recipient should conduct its own investigation and analysis of all facts and information contained in this CBRE Report. The CBRE Report may not be reproduced in whole or in part without prior written approval of CBRE. References to various segments in the CBRE Report and information derived therefrom are references to industry segments and in accordance with the presentation, analysis and categorization in the CBRE Report. the segment reporting in the financial statements is based on the criteria set out in Ind AS 108, Operating Segments and we do not present such industry segments as financial segments. Unless otherwise stated, in the context of the information derived from the CBRE Report and included herein, references to years and CY shall refer to calendar years ended December 31 of that year and references to Fiscal or FY are to the fiscal year ended March 31 of that year. References to Q1 of a year or CY refers to the three months ended March 31 of that year, and references to Q1 of a Fiscal or FY are to the three months ended June 30 of that year. Read more