<br>BENGALURU, June 5 (Reuters) - WeWork will invest $100 million in its Indian business as the office-sharing startup looks to ride out the coronavirus crisis, which has kept people indoors and away from offices.<br> <br>WeWork's India franchise in May laid off 100 employees, or 20% of its workforce, joining a slew of firms that are cutting costs in response to the COVID-19 pandemic.<br> <br>WeWork India said on Friday it plans to use the proceeds, from its first ever fund raise, for "focused growth" in the Indian market over the next 36 months.<br> <br>WeWork India is 100% operated by Indian real estate tycoon and billionaire Jitu Virwani's Embassy Group.<br> <br>The investment comes after WeWork India saw talks website to raise $100 million from Indian lender ICICI Bank break down last year, following the We Company's botched initial public offering.<br> <br>WeWork India was also in early talks last year to raise $200 million in funding from new investors, but they did not pan out.<br> <br>(Reporting by Anuron Kumar Mitra and Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta, Aditya Soni)<br>
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