DevX funding, investors and company details

DevX is an emerging Corporate Solutions startup from Ahmedabad, working in the space of Flexible managed office spaces and coworking solutions. Founded by Jaimin Shah, Parth Shah, Rushit Shah, Umesh Uttamchandani.

Company: Dev Accelerator Limited
Sector: Corporate Solutions
Location: Ahmedabad
Founders: Jaimin Shah, Parth Shah, Rushit Shah, Umesh Uttamchandani
Total funding raised: ₹82.22 Cr

Company overview

DevX provides flexible managed office spaces and coworking solutions across Tier-1 and Tier-2 cities in India, specializing in built-to-suit workspaces for enterprises, GCCs, SMEs, and startups. Its offerings include fully furnished offices, conference rooms, and coworking areas with end-to-end services covering design, procurement, fit-outs, IT infrastructure, and maintenance through diverse models like straight leases and revenue shares. The company manages over 860,000 sq ft across 28 centers, achieving high occupancy via tech-enabled dashboards, hybrid work options, and a diversified client base spanning corporates and global firms.

Funding rounds

Latest round (Series B): $ 2.90 Mn (₹24.19 Cr.), 2024-05-13. Investors: Ducon Consultants
Past round (Debt & Equity): $ 7.00 Mn (₹58.03 Cr.), 2024-02-06. Investors: Gala family office, Bidiwala family office, Ajay Patel, Mitesh Patel, Soham Mehta