Juggy Marwaha, a top executive at the India unit of New York-based shared workspace provider WeWork, has quit 10 months after joining the firm, a spokesperson told VCCircle.
Prior to WeWork India, Marwaha was managing director for South India at real estate consultancy Jones Lang LaSalle.
“Juggy Marhawa's expertise helped connect many people across India to the space, services and community they need to create their life’s work,” the spokesperson said in a statement.
Karan Virwani, the scion of office space developer Embassy Group, will continue to lead WeWork in the country.
Marwaha, who was lead at WeWork India, did not respond to requests for comment.
The development was first reported by The Times of India on Tuesday.
Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork is valued at over $17 billion, making it the eighth most-valued startup in the world, according to rankings by The Wall Street Journal.
The firm set up its first workspace, christened 'WeWork Galaxy,' in the country at Bengaluru in July this year. It has partnered with Embassy Group to run its operations in India.
Software major Microsoft has taken a 500-seat space at WeWork’s Bengaluru facility.
Besides Bengaluru, the firm is setting up two more centres in Mumbai and Delhi-NCR. Last month, it opened a centre in Mumbai's Bandra-Kurla Complex.
It plans to establish a strong presence of 20-30 facilities in these cities before penetrating Tier II cities.
The company claims that it establishes itself in 10 to 15 locations per month, and currently, it is present in 149 locations, spread across 45 cities in 15 countries, including the US, Israel, the UK, The Netherlands, Canada, Germany, Mexico, China, South Korea, Australia, France and Brazil, housing over 120,000 and more than 10,000 companies.
The concept of co-working seems to be thriving in India and the entry of WeWork will heat up the market. Other co-working spaces operating in India include Awfis, Innov8, 91Springboard, BHIVE, Numa, CoLife, InstaOffice and myHQ. Leave Your Comment