*WeWork India valued at $1.5 billion ahead of IPO* Bengaluru-based property group Embassy Buildcon has raised its shareholding in coworking venture WeWork India from 68.8% to 73.8%.   Embassy invested Rs 501 crore ($58 million) through a rights issue, which pegged IPO-bound WeWork India’s valuation at Rs 12,665 crore ($1.46 billion).    The point to note here is that promoter shareholders have set the valuation and not an external investor.  https://www.thearcweb.com/article/wework-india-embassy-co-working-ipo-TpB32Zhf4bDgH1VS