InGovern flags concerns about WeWork India as its IPO goes live
Governance advisory firm InGovern has flagged concerns regarding WeWork India's operations as the startup, which provides shared working spaces across India, launched its ₹3,000-crore IPO. InGovern flagged issues regarding WeWork India's weak financials, lack of transparency in disclosures and high costs. It noted that WeWork India's lease costs account for over 43% of its revenue from operations.