Who’s really winning India’s listed co-working space?

India’s co-working market in the ongoing fiscal year revealed a sharp divide between scale, profitability, and pricing power. Among listed players, WeWork India led in revenue but struggled to convert its premium positioning into profits, while Awfis showed that smaller, lower-cost centres can outmaneuver larger rivals. As real estate prices surge across major cities, the economics tilt further against high-priced operators, indicating that growth will hinge on smarter footprints and more disciplined pricing.

WeWork India posted Rs 575 crore in Q2…