DevX, a leading provider of managed coworking spaces and startup accelerator in Gujarat, has opened a new 35,000 square foot facility in Jaipur. The company aims to expand this new center by an additional 200,000 square feet in the next year. Founded in 2017, DevX supports startups through infrastructure, partnerships and events. It takes an equal partner approach to help companies grow. The new Jaipur center will deepen DevX's presence in North India and accommodate global clients like Persistent Systems. DevX plans to invest 60 crores to double its national portfolio to 25 centers by 2024, targeting growth-focused companies seeking top-quality managed workspaces.
DevX, Gujarat's largest provider of managed office spaces, recently announced the opening of its second coworking center in Jaipur. The new 35,000 square foot, 500-seater facility is located in Malviya Nagar. DevX plans to further expand this center by an additional 200,000 square feet within the next year.
The company aims to add more assets across India, with a total planned area of over 2 million square feet.
DevX is a co-working space and startup accelerator focused on nurturing innovative startups. It was 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.
DevX positions itself as an equal partner in its clients' growth. Through strategic partnerships and services, it supports startups by enabling collaboration and the cross-pollination of ideas. The company's various initiatives are designed to build synergies and foster collaborative development.
Speaking on the Jaipur center launch, DevX Co-Founder Umesh Uttamchandani said the new facility will help deepen their presence in North India while reaffirming their commitment to offering world-class infrastructure and an immersive experience.
With global clients like Persistent Systems at the new center, DevX aims to set standards for the industry. Uttamchandani expressed excitement about India's growth being driven from tier 2 and 3 cities, and DevX's plans to expand accordingly.
DevX plans to double its India portfolio by investing 60 crores to expand to 25 centers nationwide. The company believes growth-oriented companies increasingly prefer managed workspaces, which aligns with DevX's goal of providing best-in-class work experiences at competitive prices.
Spaulding Ridge Senior Director Nimit Walia praised DevX's commitment to personalized service and efficient execution. He said partnering with DevX has supported Spaulding Ridge's growth journey in Jaipur, and that he looked forward to continuing that partnership.
As a core part of the ecosystem, DEVX also provides a year-round platform for industry, academia, professionals and companies to hold hackathons, seminars, events, etc., to address trends and issues. The company is planning to further expand and thus consolidate its pan-India presence by 2024 end.
The new Jaipur facility underscores DevX's commitment to enabling collaboration and innovation across India. By expanding access to resources and connections, DevX hopes to support more startups and businesses in realizing their full potential. With ambitious plans to consolidate its national presence, DevX aims to play a key role in driving growth from emerging markets over the coming years.
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