WeWork Is Only Making Life Harder For Lockdown-Hit Indian Startups

If the slump in business due to the coronavirus pandemic was not enough already, several young Indian startups are now facing a death knell due to contractual technicalities and indifference from co-working major WeWork.

“Those with deeper pockets ought to take deeper responsibility in such a grave situation,” said Sanchit Vir Gogia, founder of advisory firm Greyhound Research, who also operates from one of WeWork’s Gurugram offices, paying Rs21,000 plus tax per head for his team.

“WeWork has a lot to lose. Their scale of payouts is unimaginable. You cannot compare it to an Innov8 or 91springboard,” Gogia of Greyhound said.

The best WeWork can do at this time is to go back to landlords and renegotiate rentals, experts say.

[Quartz]

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Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

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