WeWork India has launched Rivet, an end-to-end design-and-build platform offering a single-contract model for creating customised office spaces. The platform targets large enterprises and GCCs, aiming to streamline the traditionally fragmented office fit-out process.
The move capitalizes on a growing Indian design-and-build market, valued at $30-40 billion, and represents WeWork India's expansion from flexible workspaces into a broader workspace-as-a-service model. Rivet will leverage the company's existing design experience and technology tools to improve project efficiency.
The new platform is expected to contribute around 10% of WeWork India's revenue and will compete with similar offerings from companies like Awfis and IndiQube.
Main Topics: WeWork India's new Rivet platform; the design-and-build (D&B) market in India; business expansion and strategy; competition in the managed workspace sector.
Flexible workspace operator WeWork India on Monday launched Rivet, an end-to-end design-and-build (D&B) platform aimed at enterprises looking to develop customised office spaces, as demand for large, integrated workplace solutions rises in Indiaâs commercial real estate market.
The platform will provide enterprises with a single-contract model covering design, engineering and construction, replacing the conventional multi-vendor approach typically used for office fit-outs, WeWork's managing director and CEO Karan Virwani told ET.
âIn terms of market size, the design-and-build segment in India is valued at roughly $30-40 billion today and has been growing at around 8% annually according to industry reports. We are also seeing this in our own business, where companies are spending more on office environments.
Rivet aims to target large enterprises, global capability centres (GCCs) and companies seeking customised workplaces outside flexible workspace formats. Over the last 12 months WeWork said it has delivered D&B projects worth Rs 55 crore across cities such as Mumbai, Bengaluru and Pune.
WeWork India said Rivet builds on its experience designing and operating over 8.2 million square feet of workspace across India. The platform will use technology-led planning tools, including building information modelling (BIM) and real-time site monitoring, to improve cost control and execution timelines.
âIt is a turnkey solution where we handle everything, from evaluating the space to designing, constructing and delivering it to the customer. We also manage the multiple vendors involved in executing such projects,â Virwani added.
Alongside the launch, the company also elevated Arnav S Gusain as chief executive officer of Rivet, in addition to his role as chief supply officer at WeWork India.
Gusain said while the offering is not restricted to any particular industry, the firm expects stronger demand in bespoke office spaces.
âThe design-and-build segment is quite fragmented, with multiple vendors and operators involved in most projects. Having experienced these challenges ourselves, we believe there is an opportunity to bring greater efficiency and transparency to clients,â he told ET.
CEO Virwani said the new offering Rivet could potentially contribute around 10% of WeWork Indiaâs overall revenue.
The move comes amid strong momentum in Indiaâs office market, with gross leasing touching 83.3 million square feet in 2025, according to JLL. Companies are increasingly seeking customised workspaces designed for collaboration and improved productivity.
The launch marks WeWork Indiaâs push to expand beyond flexible workspaces into a broader workspace-as-a-service model. The company currently operates 73 centres across eight cities including Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad, with more than 1.21 lakh desks.
WeWork India listed on the Indian stock exchanges on October 10, 2025. The company shares were trading at Rs 429 on Monday at around 1:30 pm, a 4.5% lower than the previous trading session.
Rivet will compete with other managed workspace and office design-and-build offerings in the market, including platforms such as Awfisâs Awfis Build, as well as solutions offered by IndiQube, Skootr and TableSpace, which provide enterprises with customised office design, build and managed workspace services.
The platform will provide enterprises with a single-contract model covering design, engineering and construction, replacing the conventional multi-vendor approach typically used for office fit-outs, WeWork's managing director and CEO Karan Virwani told ET.
âIn terms of market size, the design-and-build segment in India is valued at roughly $30-40 billion today and has been growing at around 8% annually according to industry reports. We are also seeing this in our own business, where companies are spending more on office environments.
Rivet aims to target large enterprises, global capability centres (GCCs) and companies seeking customised workplaces outside flexible workspace formats. Over the last 12 months WeWork said it has delivered D&B projects worth Rs 55 crore across cities such as Mumbai, Bengaluru and Pune.
WeWork India said Rivet builds on its experience designing and operating over 8.2 million square feet of workspace across India. The platform will use technology-led planning tools, including building information modelling (BIM) and real-time site monitoring, to improve cost control and execution timelines.
âIt is a turnkey solution where we handle everything, from evaluating the space to designing, constructing and delivering it to the customer. We also manage the multiple vendors involved in executing such projects,â Virwani added.
Alongside the launch, the company also elevated Arnav S Gusain as chief executive officer of Rivet, in addition to his role as chief supply officer at WeWork India.
Gusain said while the offering is not restricted to any particular industry, the firm expects stronger demand in bespoke office spaces.
âThe design-and-build segment is quite fragmented, with multiple vendors and operators involved in most projects. Having experienced these challenges ourselves, we believe there is an opportunity to bring greater efficiency and transparency to clients,â he told ET.
CEO Virwani said the new offering Rivet could potentially contribute around 10% of WeWork Indiaâs overall revenue.
The move comes amid strong momentum in Indiaâs office market, with gross leasing touching 83.3 million square feet in 2025, according to JLL. Companies are increasingly seeking customised workspaces designed for collaboration and improved productivity.
The launch marks WeWork Indiaâs push to expand beyond flexible workspaces into a broader workspace-as-a-service model. The company currently operates 73 centres across eight cities including Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad, with more than 1.21 lakh desks.
WeWork India listed on the Indian stock exchanges on October 10, 2025. The company shares were trading at Rs 429 on Monday at around 1:30 pm, a 4.5% lower than the previous trading session.
Rivet will compete with other managed workspace and office design-and-build offerings in the market, including platforms such as Awfisâs Awfis Build, as well as solutions offered by IndiQube, Skootr and TableSpace, which provide enterprises with customised office design, build and managed workspace services.
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