DEVX Launches 3rd Co-working Space in Vadodara

• The 3rd center is spread across 90,000 sq feet
• The company’s 3rd center in Vadodara & 7th in Gujarat
• Recently launched a FinTech accelerator center at GIFT city
• Total Assets Under Management – 5 Lakhs Sq Feet
• Planning a pan-India presence with 15 Centers

DevX today announced the launch of it’s 3rd Coworking space in Vadodara, expanding it’s footprint and further consolidating it’s position as Gujarat’s top Co-working company. DevX is a co-working cum accelerator founded in September 2017 by 3 entrepreneurs and one listed entity: Rushit, Umesh Parth (the RUPaiyya trio as they are known in the ecosystem) and Dev Information Technology Ltd.. The company was envisioned as Startup Accelerator focussed on nurturing innovative startups by providing them with the all requirements. Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services. The different initiatives of DEVX are thus structured to build synergies, encouraging brainstorming and cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address requirements across the value chain.

Speaking on the launch, Mr Umesh Uttamchandani, Co-Founder – DevX said, “Launching our 3rd center in Vadodara helps us deepen our penetration and reaffirms our core values of offering world-class office infrastructure with an immersive experience. Our other 2 centers in Vadodara are spread across 25,000 sq feet & 20,000 sq feet – the new 3rd center, with 90,000 sq feet is an indication of how invested & bullish we are on the next wave from tier 2 cities of Gujarat & India. The recent launch of the dedicated FinTech accelerator center at GIFT city helped us consolidate our position and give further impetus to our plans to establish a pan-India presence in 10 cities with 15 centers. Despite the Pandemic, WFH, lockdown, etc…we have had a good run and have been able to further consolidate our position as Gujarat’s top Co-working company, with operational centers in Mumbai, Pune, Hyderabad, Noida, Raipur and Chandigarh. Corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing. We look forward to setting standards for the segment to aspire to."

Giving insights into the approach, Mr Jaimin Shah, Co-Founder & MD - Dev ITPL, Member- Nasscom Foundation & Co-Chairman Assocham Gujarat Council, said, “The launch of DevX’s 3rd center in Vadodara is yet another sign that the flexible and managed workspaces segment is growing rapidly, especially given the new normal. There is a growing interest in the segment – it makes good business sense for companies not to lock up capital in owning or hiring spaces for the workforce, when they can avail best-in-class, world class facilities at managed workplaces. DEVX is pioneering models that address and embrace the major concerns of the ecosystem. They are spurring immense synergies, collaborations and cross-pollination of ideas that have a huge beneficial ripple effect. Going forward, as more & more organizations recognize the importance of being leaner and agile, the managed workspaces segment will be ideally poised to address these concerns, and grow.”

As a core part of the ecosystem, DEVX also provides, round the year, a platform for industry, academia, professionals and companies to hold hackathons, seminars, events etc…to address trends and issues. The company is planning a pan-India presence by 2021 end.

About DEVX:

DEVX is a co-working cum accelerator envisioned to provide world-class, best-in-breed services to its clients. Firmly rooted in the ethos of collaborative growth through partnerships, DEVX offers immersive accelerator services across the value chain.

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