Ayurvedic Babycare Firm BABYORGANO Raises $ 150K Seed Funding From DevX Venture Fund

• Funds will be used for new products development, Also to increase awareness about Ayurveda BabyCare
• Seeking to increase the customer-base 5X and build increase team-size
• Spread awareness about the benefits of incorporating a holistic approach in early childhood. Reaching to 1 million children & empower them by introducing the life-transforming advantages of Ayurveda

The Ayurvedic babycare firm BabyOrgano announced that it has raised $ 150 K in pre-seed funding from DevX Venture Fund. BabyOrgano is a brand that was founded by Riddhi Sharma, who drew inspiration from her own experiences to create safe and effective healthcare solutions for kids. The brand has Ayurveda in it’s roots, but aims to be modern, accessible, and easy to use for parents. The products offered by BabyOrgano are designed to provide kids with safe, natural, and effective healthcare solutions that mothers can trust.

Speaking on the occasion, Ridhi Sharma, Founder – BabyOrgano, said, “The funding comes at a time when we are seeking to expand our product range while increasing awareness about Ayurveda’s intrinsic strengths. At BabyOrgano, we work on offering the best-in-class health & wellness solutions based Ayurvedic products to the Indian Kids. We are at a stage in our growth journey where our focus is to launch new innovative products and benefiting more children with power of Ayurveda. . Funding will be deployed towards these goals and creating a robust team.”

Explaining further, Ripul Sharma - Co-founder at BabyOrgano, said, “There are baby care brands that offer natural approach, but none of them offer the higher order benefit of 'Ayurvedic,' which creates a clear white space. BabyOrgano, a D2C startup stands out from the rest because we focus on nurturing early life with Ayurvedic approach and connecting kids with our 5000 years old culture. From ingredient sourcing to product formulations, and even the manufacturing processes, we are taking care of every minute details.”

Commenting on the funding, Umesh Uttamchandani, Co-founder & CGO, DevX Venture Fund, “Our investment thesis largely revolves around having a strong founding team since that is what early-stage investing is all about. With Riddhi Sharma’s strong credentials in Ayurveda and their value proposition, we had no doubts in capabilities of the team. Also, the wellness and child + family health vertical is growing rapidly and we are confident about BabyOrgano’s prospects, given their high quality product range and domain expertise. Their strong emphasis on new products development and customer experience would enable them to scale rapidly as they expand their customer-base and team”.

DevX Venture Fund is a sector-agnostic fund operational since 2020. Envisioned as a Startup Accelerator, DevX focusses on nurturing innovative startups by providing them with the all the key resources and support to scale rapidly. Founded in September 2017 by 3 entrepreneurs Rushit, Umesh, Parth (the RUPaiyya trio as they are known in the ecosystem) and Dev Information Technology Ltd. Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services.

About DEVX:

DevX Venture Fund is part of DevX 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.

DevX CoWorking Raises $ 3 Mn in Funding from Marquee Investors

• Funds to be used for further expansion
• Plans to grow to 2 Million Sq Feet area in India & Globally
• Total Assets Under Management – 9,00,000 Lakhs Sq feet
• Pan India presence with 25+ Centres across 11 cities

DevX, Gujarat’s largest Managed Office Space provider, today announced that it has raised funding of $ 3 Million from marquee investors like Urmin Family Office, Bidiwala Family Office, Navneet Publications, Venus Infrastructure and Structural Consulting firm Ducon. The funds will be used for national and global expansion & grow to 2 Million Sq feet area from the current 9,00,000 Sq feet under management.

Recently feted as Gujarat’s leader in the Managed office space segment, DevX is a co-working space cum accelerator founded in September 2017 by 3 entrepreneurs Rushit, Umesh Parth (the RUPaiyya trio as they are known in the ecosystem) and one listed entity: Dev Information Technology Ltd.

The company was envisioned as a Startup Accelerator focussed on nurturing innovative startups by providing them with 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, enabling cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address different requirements across the value chain.

Speaking on the funding, Mr Umesh Uttamchandani, Co-Founder – DevX said, “We are excited to have raised funding from discerning investors at a time when we are planning aggressive growth. The funds will be deployed for giving further impetus to our national and global expansion goals. The immense experience in real estate, structural engineering, investment that the investors bring to the cap table will enable us to put in place even stronger governance practices. As Gujarat’s leader in the space, the funding helps us reaffirm our core values of offering world-class office infrastructure with an immersive experience. We are proud to be setting standards for the segment to aspire to. With our stated business goal of being the partner of choice for GCCs (Global capability Centres) & ODCs (Offshore Development Centres), I am excited about the future expansions to come. Growth-centric corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing.”

Opining on the event, Mr Devansh Majithia, Urmin Family Office said, “We are delighted to participate in DevX’s latest funding round, which we view as an Investment in the future of India’s Co-working segment. DevX’s innovative approach to providing an immersive, value drive experience for its tenants perfectly aligns with our own Investment philosophy. “

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 further expand and thus consolidate it’s pan-India presence by 2023 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.

DevX Launches 2nd Co-working Space in Mumbai

• The 2nd centre is spread across 30,000 sq feet
• Total Assets Under Management – 7 Lakhs Sq feet
• Pan India presence with 25+ Centres across 11 cities
• To double India portfolio by investing Rs 60 crore

DevX, Gujarat’s largest Managed Office Space provider, today announced the launch of it’s 2nd Coworking space in Mumbai – a 30,000 sq feet, 400 seater centre in Andheri East. DevX will further augment this with additional 50,000 sq feet within next 1 year. To further expand it’s national presence, DevX plans to double it’s India portfolio by investing Rs 60 crore., 

Recently feted as Gujarat’s leader in the Managed office space segment, DevX is a co-working space cum accelerator founded in September 2017 by 3 entrepreneurs Rushit, Umesh Parth (the RUPaiyya trio as they are known in the ecosystem) and one listed entity: Dev Information Technology Ltd. The company was envisioned as a Startup Accelerator focussed on nurturing innovative startups by providing them with 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, enabling cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address different requirements across the value chain.

Speaking on the launch, Mr Umesh Uttamchandani, Co-Founder – DevX said, “Launching our 2ndrd centre in Mumbai helps us deepen our penetration and reaffirms our core values of offering world-class office infrastructure with an immersive experience. We are proud to have global firms like Tim Hortons, IEX, QX Global & Germin8 at the 2nd centre, helping us setting standards for the segment to aspire to. With our stated business goal of being the partner of choice for GCCs & ODCs, I am excited about the future of the Industry. Growth-centric corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing. With 20 centres across India, DevX will double it’s India portfolio by investing 60 crore.”

Reaffirming these views & commenting on their experience, Mr Navin Gurnaney, India CEO, Tim Hortons, said, “We are really excited to be at DevX centre for the vibe, world class facilities and immersive experience it offers. At Tim Hortons we are very enthused, selective and possessive about the work environment, culture and vibe – which the DevX team absorbed & delivered on- totally! From this Mumbai centre we look forward to expanding rapidly across India”.

Opining about their experiences, Mr Chandresh Panchal, Senior Vice President - Employee Services, QX Global, said, “For us at QX Global it was like coming home, when we decided to have a new Mumbai office. We are already there at DevX centres in both Ahmedabad and Noida, so it was a natural fit for us. We are excited to partner DevX in our 3rd team location with them and look forward to continued world-class experiences here”

Putting it in perspective, Mr. Satyanarayan Goel, Chairman and MD, Indian Energy Exchange, stated: “Managed workspaces offer futuristic solutions for organisations to optimise resources and focus on building their business. I am confident that the world-class facilities and infrastructure provided by DevX centre will enhance our team’s coordination and collaboration, leading to increased productivity and satisfaction.” 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 further expand and thus consolidate it’s pan-India presence by 2022 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.

Geospatial Intelligence Startup Intents Mobi Raises $1 Mn Funding in Bridge Round Led by DevX Venture Fund

Intents Mobi Founders Tabrez Alam & Naresh Kachchi

• Had raised 600K USD in seed round in April 2021
• New funding will be used to acquire new customers & service existing ones.
• Allocations for increasing insights & geocodes by 5X
• Recent changes in national GIS policy by Government came as a huge boost

Gurgaon based Intents Mobi, a geospatial intelligence startup, today announced that it has raised $1 Million in a funding round led by DevX Venture Fund. The round also saw participation from other investors like Unnati Labs and multiple marquee strategic angels from Logistics & Mobility sector whose ventures are backed by Tier1 VCs. 

The company plans to use the funds to invest in its tech capabilities, increase the collection of GIS information for the country and to further pump up their enterprise sales. Founded by Naresh Kumar Kachhi and Tabrez Alam while joined by Balasubramaniam S and Prakash Velusamy, the company is now 15 people strong with 10 members purely focussing on the technology development. The company utilises a network of ‘Scouts’ which is a community of over 700,000 users who contribute to the data generation for location intelligence.

Speaking on the occasion, Naresh, Founder - Intents Mobi, said, “It is heartening to bag funding at this crucial stage when we are focussing on growing our capabilities and widening our tech stack. At Intents Mobi, we work on solving the issues with GIS data that impacts every industry connected to mobility.”

Further to this, Naresh commented, “India is a unique country with one of the highest densities of roads in the world and addresses that are inconsistent. Hence we focus on gathering situational awareness information about the two most critical elements of routing: the destination and the route. Our hardware independent technology ensures that we are able to map the entire country without investing heavily in capex. The funds will be used for increasing the collection of GIS information for India and for further product development. Since we already generate insights for almost 4.5 crore kms of roads per day and process 3 million geocodes every month, the funds will enable us to increase this by 5X and cover the 50 most populous cities of the country by the end of the year”.

Commenting on the funding, Umesh Uttamchandani, COO, DevX Venture Fund, said “At DVF (DevX Venture Fund) we are excited to lead the funding round in Intents Mobi with our follow-on participation! It is a testament to the strong track record and our confidence in the massive potential of the enterprise. Our investment approach largely revolves around having a strong founding team, which Tabrez and his team match. With their immense understanding of the location intelligence segment, Intents Mobi is having a huge impact on every industry connected to and dependent on mobility. Envisioning the all-pervasive impact their location intelligence will have across segments, industries and markets is extremely heartening. Most importantly, it is a true “Make-in-India story”!

Intents Mobi counts some of the biggest names in various industries as their clients including Here Maps, TomTom and Honda among others. The startup aims to raise their Series A of over $5 Million by the end of this financial year.

DEVX is a co-working cum accelerator & VC 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.

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.

Incentivized Wellness Platform Growfitter Raises Additional $120K from DevX Venture Fund

• Funding will be used to grow membership, users
• Grow Tech capabilities to offer more user-immersive experiences
• Also, to widen & deepen interactions with health, wellness & fitness industries

GrowFitter, India’s biggest incentivized wellness platform, today announced that it has raised additional $120K from DevX Venture Fund, the investment arm of DevX Coworking & Accelerator. The platform’s stated vision is to motivate individuals and families to adopt an active and healthy lifestyle. GrowFitter is a machine learning technology startup building the health quotient of India and revolutionizing the health, wellness & fitness industry with technology solutions.

The startup also pitched at Sony Televisions Shark Tank India and raised INR 50 Lacs from the Shark Aman Gupta on the show. They are looking to venture into providing support for the booming wearables market.

 

Harshit Sethy & Sanmati Pande - GrowFitter

Speaking on the occasion, Mr. Harshit Sethy Founder & CTO, GrowFitter, said, “At Growfitter, we are focussed on revolutionizing the health, wellness and fitness industry by leveraging technology. Our focus is to motivate individuals and families to adopt an active and healthy lifestyle. With 5 million+ registered users, 1 million+ memberships and 10 million+ workout sessions, the next spurt in growth for us is through more user-friendly technology, scalable models and expanding to more cities. The funding will be used to grow our technology stack, offer more immersive experiences to our users & members and to develop a wider embrace of our target segments. We stand committed to motivate India to be fitter and healthier and also provide them with incentivise premium pricing for health insurance and the funding is a definitive step in that direction.”

Sanmati Pande, Co-Founder & CEO of Growfitter shares, “DevX is one of the best investment platforms run by Industry veterans & professionals. Mr Umesh Founder & CGO, DevX has been a great support by providing not just growth capital but also strategic partnerships to scale the business.”

Commenting on the funding, Mr Umesh Uttamchandani, Co-founder & CGO, DevX, “We are excited to partner with team Growfitter. At DVF (DevX Venture Fund) our investment approach largely revolves around having a strong founding team since that is what early-stage investing is all about. The Pandemic has reinforced the need for focusing on health and wellness and Growfitter already has made huge strides in the field. Going forward we strongly anticipate a huge demand for they very value-proposition that GrowFitter offers. With people increasingly focussing on health and mentored experiences, the health & wellness movement can only grow bigger. Not only that, it also dovetails admirably with Hon. PM Modi’s Fit India movement – a healthier, fitter population can be more productive, reducing the burden on the health infrastructure. Against this backdrop, our investment in GrowFitter was a given.”

DevX Venture Fund invests early-stage startups, already having invested in 9 ventures and has a strong pipeline to complete its target of 15 startup portfolio before the year end. Though sector agnostic, DVF’s investments so far are largely into Fintech, SaaS, Healthcare, PropTech, AgriTech and DeepTech and offlate into Consumer Brands (D2C). They not only invest in startups but also help them with rapid scaling through their existing network, strategy support and follow-on fundraising. DVF is part of of DevX coworking & Accelerator, Gujarat’s top and largest provider in the Co-working and Managed Office Space segment, founded in September 2017 by 3 entrepreneurs Rushit, Umesh, Parth (the RUPaiyya trio as they are known in the ecosystem) and Dev Information Technology Ltd.

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.

Autonomous Tech Co. FLO MOBILITY Bags $400K Funding in Round Led by DevX Venture Fund, Venture Garage Angels and Blume Founder Fund

Flo Founders

• Funding will be used to expand the network in India
• Company to foray into Europe, USA, Middle East & East Asian markets
• Build Tech capabilities and recruit aggressively

Flo Mobility, a vision-based autonomous technology company, today announced that it has raised $400K from DevX Venture Fund, Venture Garage Angels, Blume Founders Fund and other marquee angels. The company’s stated vision is to build a universal autonomy platform that can bring autonomous capabilities to vehicles across industries and form factors. The company is deploying its stack on a wide variety of vehicles like electric scooters, delivery bots, agri-weeders, surveillance bots, golf carts, lawnmowers, etc. Founded in 2019 by Manesh Jain and Mohan Kumar Flo Mobility aims to democratize autonomy by building an affordable, compute lite and interoperable stack that can also be retrofitted into existing vehicles and equipment.

Speaking on the occasion, Mr Manesh Jain, Founder - Flo Mobility, said, “The funding from DVF and others comes at an exciting time as we seek to expand nationally and to the US, Middle East, Europe and East Asia. As we recruit aggressively across our technology, product and engineering teams, we will be further deepening our research on vision-based perception, low latency remote operations and proprietary Flo operating system. Autonomous tech is finding its way around multiple applications and I believe our platform-centric approach and subscription-based pricing will pave the way to build a multi-billion-dollar business"

Commenting on the funding, Mr Umesh Uttamchandani, Co-founder & CGO, DevX, (lead investor), “We are excited to infuse funds in Flo Mobility. At DVF (DevX Venture Fund) our investment approach largely revolves around having a strong founding team which, someone of the likes of Manesh with a previous exit under the belt where his venture was acquired by Jio Embibe, serves as a perfect match. Smart solutions for the Autonomy-as-a-Service are the future and given Flo Mobility’s deep understanding and tech capabilities, I am confident that their offerings will find many takers. Going forward we strongly anticipate a massive impact on the sector, given the game-changing proposition that Flo Mobility’s offerings have.”

“We see a great future in autonomous technologies and an estimated market opportunity of US$ 40-50 bn. The team has the right domain understanding, not only to build the tech but to also expand globally. My best wishes to the founders to build a 100X business”, commented Vivek of Venture Garage.

Sarita Raichura of Blume founder's Fund added, "Manesh has been known to us as the founder of Mockbank, a Blume portfolio that exited to Jio Embibe. His co-founder Mohan, has a solid background in hardware and tech. What intrigued us was Flo Mobility's focus on low-end autonomy. We believe there could be a leap in the adoption of autonomous technology - Flo Mobility's tech stack can be used to convert a large range of vehicles to autonomous vehicles (like golf carts, e-scooters, Agri equipment, lawnmowers) at a significantly lower cost. Indian deep-tech ecosystem is showing signs of maturity where companies like Flo Mobility are building for the world out of India and we are excited to be part of Manesh’s second innings through the Blume Founders Fund".

DevX Venture Fund invests in early-stage startups, already having invested in 8 ventures, DVF’s investments so far are largely into Fintech, SaaS, Healthcare, PropTech, AgriTech and DeepTech. They not only invest in startups but also help them with rapid scaling through their existing network, strategy support and follow-on fundraising. DVF is part of DevX Co-working& Accelerator, Gujarat’s top and largest provider in the Co-working and Managed Office Space segment, founded in September 2017 by 3 entrepreneurs Rushit, Umesh, Parth (the RUPaiyya trio as they are known in the ecosystem) and Dev Information Technology Ltd.

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.

DevX Launches Women-Centric Co-Working Spaces

Team DevX

• Aimed at accelerating Women Entrepreneurship & Ventures
• Scheme available at each one of DevX Centers in India
• Full access to DevX’s extensive network, partners and mentors
• Direct and early access to scaling and funding opportunities

Ahmedabad, August 24, 2021: DevX, the Co-Working spaces company, today announced the launch of dedicated Women-Centric co-working spaces across India. The initiative is envisioned with the specific goal of accelerating Women-led entrepreneurship, providing them access to specially-designed packages, growth opportunities, network access and funding. 

DevX, as Gujarat’s top and largest provider in the Co-working and Managed Office space segment, 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 a Startup Accelerator focussed on nurturing innovative startups by providing them with the all requirements.

Speaking on the launch, Mr Umesh Uttamchandani, Co-Founder – DevX said, "In keeping with DevX’s foresighted culture, we are immensely proud to pioneer yet another initiative to spur enterprise, innovation and growth. The Women-Centric co-working space initiative is aimed at providing a dedicated array of resources to Women-led enterprises. In these spaces, Women-founded and led businesses will be accorded every opportunity to leverage the extensive DevX network to form alliances, avail services from best-in-class service providers and scale faster. Opportunities for collaborating, building synergies and translating these into mediums for growth are amongst the benefits women entrepreneurs can aspire to at DeVX centers. We are bullish on kickstarting and fast-tracking Women-Entrepreneurship and enterprises, offering a custom set of solutions as required. For suitable ventures, DVF (DevX Venture Fund) is committed to invest and mentor through the growth journey".

Sharing her experience and elaborating, Ms Margi Shah, Founder, Finex Accounting Pvt. Ltd, stated, “Deciding to base ourselves at DevX is one of the best business decisions I have taken – undoubtedly. Not only the world-class infrastructure and the facilities, but also the sheer ease with which we have been able to build collaborative, mutually-beneficial partnerships, thanks to DevX accelerator. Leveraging the DevX network has helped us bond with like-minded partners and mentors, helping us scale faster. This initiative is definitely the need of the hour as Women-led entrepreneurship is fast becoming a rapidly growing segment, contributing towards a truly Aatmanirbhar India.”

Reinforcing these views and welcoming the development, Mr Jaimin Shah, Board member – Nasscom Foundation, Co-Chairman – ASSOCHAM Gujarat & Co-Founder and Managing Director, DeV IT Ltd, said, “This is a pioneering initiative by DevX, providing a much-needed platform to women entrepreneurs and founders. Especially now, when more & more women aspire to realise their dreams and start ventures. This Women-centric initiative will enable them fast-track their business, build peer networks and collaborative networks. In turn, this will usher in a more evolved and diverse ecosystem, benefitting the industry and whole ecosystem at large."

DevX, through its venture arms (Bus), address the various parts of the value chain, attempting to plug the gaps and create value for clients. Round the year, DevX also provides a platform for industry, academia, professionals and companies to hold hackathons, seminars, events etc. to address trends and issues.

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.

DevX Emerges as Gujarat’s Top Co-working Space

RuPaiyya Trio - Rushit Shah, Parth Shah, Umesh Uttamchandani

• Emerges as Gujarat’s Top Co-Working Company
• 2000 seats across Ahmedabad & Vadodara
• Additional 900 seater Managed Office Space planned
• Planning a pan-India presence by December 2021 with 15 Centers 

Ahmedabad, January 21, 2021: DevX, the Co-Working spaces company, today emerges as Gujarat’s top and largest provider in the Co-working and Managed office space segment. 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 A 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 occasion, Mr Umesh Uttamchandani, Co-Founder – DEVX said, “Emerging as Gujarat’s leading Co-Working space reaffirms our core values of offering world-class office infrastructure with an immersive experience. The recent plan of the 900 seater capacity has helped consolidate our position and gives impetus to our plans to establish a pan-India presence. We are striving to be there across India by December 2021, with 10 cities and 15 centers. Despite the Pandemic, WFH, lockdown, etc…we have had a good run in 2020 and have been able to start new centres in Mumbai, Hyderabad, Pune and Noida. Offering best-in-class work-space experiences at competitive pricing is one of our hallmarks and we look forward to setting standards for the segment to aspire to.”

Reinforcing these views and elaborating on DEVX’s larger framework, Mr Rushit Shah, Co-Founder, DEVX stated, “At inception, our views and vision were considered incongruent with the market trends – but DEVX’s consistent growth and expansion speak for themselves. As an accelerator it gives immense satisfaction to reaffirm that our belief in partnering startups and enterprises in their growth journeys is justified. Towards that, the other DEVX accelerator services address core requirements across the value chain and further consolidate our vision of being an enabler. Set norms about workspaces are fast being reconsidered - managed workspaces are here to stay and are the future – and our clientele ranging from corporates, SMEs, startups etc…is ample testimony to this. We continue to form, nurture, build and sustain strong relationships with clients, partners and the eco-system, firmly believing in collaborative growth.”

Giving insights into the approach, Mr Jaimin Shah, Co-Founder & MD - Dev ITPL, Member- Nasscom Foundation & Chairman, IT Committee FICCI Gujarat Council, said, “The flexible and managed workspaces segment is growing rapidly, especially given the new normal. We are witnessing 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.

Dev Accelerator Launches India's 1st Work-from-Home Co-working Membership

Dev Accelerator LLP (DBA DevX), a coworking space provider in India has launched a 'tech-enabled' Co-working Membership Plan that lets you co-work from home. The motive behind launching this plan is to facilitate a smooth transition from the traditional ways of working to the trending 'Remote Working' culture.

DevX WFH Membership Plan

The membership plan enables individuals to work remotely while staying connected with the team through DevX Collab, an indigenous technology developed by DevX that gives access to multiple work management, video conferencing, & productivity tools. It enables DevX's huge community of members & partners to network with each other.

As a part of the WFH membership, in addition to being able to access DevX's secure workspaces pan India for 3 days in a week, it also delivers a one-of-its-kind Work Pod to their members' home as an effort towards enhancing their WFH experience. The pod is an aesthetically designed cabin, with ergonomic chair, high-speed internet connectivity, exhaust and electricity plug, and a lot more.



Benefits of the Membership Plan are listed as follows:

DevX Collab

• Access an indigenous technology developed by DevX for its community.


• Work Pods


• Experience a private work area designed to enhance your productivity.


• Internet Connectivity


• Benefit from seamless high-speed Wi-Fi network connectivity.


• Allied Services


• Let your business leverage from our wide range of allied services.

DevX Workspace

• Access our vibrant workspaces for 3 days a week across India.


• COVID-19 Insurance


• Get an all-inclusive health insurance plan against Corona Virus.


• Further details about the WFH Membership Plan & Work Pods can be found on our website: devx.work/work-from-home.

On the launch of Work-From-Home membership, Co-founder, Umesh Uttamchandani says, "This pandemic event has made Work from Home a buzz word and being in the business of providing quality and aesthetically designed office spaces, we took this initiative upon us to mitigate the challenges associated with WFH. We've launched a WFH Membership plan that provides the flexibility to efficiently work from home while replicating the entire arrangement of a productive office work environment provided by DevX."

About DevX

DevX has created an innovative framework to assist businesses and boost the startup ecosystem in India. It was established in the year 2017 and started the journey from Ahmedabad. Today, being the largest Co-working Space provider in Gujarat, DevX is spread across various cities in India including Vadodara, Mumbai, Indore, Goa, Pune, Gurgaon, & Hyderabad.

They've had the privilege to cater an elite list of clientele. Few of the names are as follows: DCB Bank, Thomson Reuters, Sharechat, Sugarbox, Mobile Tornado, Afford Plan, QX Global, American Express, and many more.

Introducing 'DevX', Gujarat's Largest Startup Accelerator Coming Up In Ahmedabad

As PM Narendra Modi's ambitious plan 'Start-up India' is about to celebrate its two-year anniversary, this year in August, a new milestone in the start-up field is to be achieved in PM's home state Gujarat creating co-working spaces for tech startups to incubate and get nurtured.

An Ahmedabad-based end-to-end IT services provider, Dev Information Technology Ltd, has announced setting up a massive Accelerator Center for startups in Gujarat, making it a one-stop solution for entrepreneurs to conceive, develop, test and commercially rollout their ideas.

Called as DevX, the startup accelerator will be Gujarat's largest accelerator which will also have co-working space of about 15,000-18,000 square feet at single location with seating capacity for over 250 people.

DevX will focus on Artificial Intelligence (AI), Internet of Things (IOT), Augmented Reality (AR), Virtual Reality (VR) and Financial technology areas.

The first phase of DevX will get ready by May 2018 with about 10,000 sqft area. The full commissioning will happen by December 2018.

An individual startup can hire upto 1-100 seats for a duration of one month to one year at DevX. The Common business center will also help them use the common utilities. The charges will start from Rs. 7,500 per month per seat which includes mentorship, assistance on Intellectual Property rights as well as using the common infrastructure besides the working space.

The above development was first reported in Business Line.

Jaimin Shah, Managing Director and CEO of Dev IT told the business daily, "India has already leap-frogged in the start-up space, while Gujarat is matching the footsteps. Currently, the challenges that we face is the angel investment, mentor-ship, quality of ideas and an accelerator space for tech startups."

Earlier this week, Ratan Tata, in his ₹900 million plan, has also announced that Tata Trusts will be setting up lab-style startup incubators across the country.

Additionally, in this month, Haryana state government has also announced the plan to set up an startup incubator called 'Global Start-up Village', which will be India's biggest startup hub and will be located in Gurugram in next couple of years.

Introducing 'DevX', Gujarat's Largest Startup Accelerator Coming Up In Ahmedabad

As PM Narendra Modi's ambitious plan 'Start-up India' is about to celebrate its two-year anniversary, this year in August, a new milestone in the start-up field is to be achieved in PM's home state Gujarat creating co-working spaces for tech startups to incubate and get nurtured.

An Ahmedabad-based end-to-end IT services provider, Dev Information Technology Ltd, has announced setting up a massive Accelerator Center for startups in Gujarat, making it a one-stop solution for entrepreneurs to conceive, develop, test and commercially rollout their ideas.

Called as DevX, the startup accelerator will be Gujarat's largest accelerator which will also have co-working space of about 15,000-18,000 square feet at single location with seating capacity for over 250 people.

DevX will focus on Artificial Intelligence (AI), Internet of Things (IOT), Augmented Reality (AR), Virtual Reality (VR) and Financial technology areas.

The first phase of DevX will get ready by May 2018 with about 10,000 sqft area. The full commissioning will happen by December 2018.

An individual startup can hire upto 1-100 seats for a duration of one month to one year at DevX. The Common business center will also help them use the common utilities. The charges will start from Rs. 7,500 per month per seat which includes mentorship, assistance on Intellectual Property rights as well as using the common infrastructure besides the working space.

The above development was first reported in Business Line.

Jaimin Shah, Managing Director and CEO of Dev IT told the business daily, "India has already leap-frogged in the start-up space, while Gujarat is matching the footsteps. Currently, the challenges that we face is the angel investment, mentor-ship, quality of ideas and an accelerator space for tech startups."

Earlier this week, Ratan Tata, in his ₹900 million plan, has also announced that Tata Trusts will be setting up lab-style startup incubators across the country.

Additionally, in this month, Haryana state government has also announced the plan to set up an startup incubator called 'Global Start-up Village', which will be India's biggest startup hub and will be located in Gurugram in next couple of years.