WeWork, once at 47 billion $ valuation, at brink of bankruptcy

• WeWork India, a JV between Embassy and WeWork, plans an IPO with a target valuation of $2-2.5bn.
• The company was valued at less than $400m in its last funding round in 2020.
• The IPO is expected to mobilize $350-475m, comprising a s...

I read/heard this somewhere that Zepto would've become bankrupt had they not raised that capital. They're burning 10 crores a day (almost $400Mn/year) which was WeWork figures at one point in time. And this funding round to me is another...