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DevX, Gujarat's premier provider of managed office space, has opened its latest coworking facility in Udaipur, Jaipur. The 25,000 square foot space can accommodate 300 individuals. Recently, DevX secured USD 7 million in funding through a mix of equity and debt to support ambitious national and global expansion plans. As part of its growth strategy, the company aims to increase its real estate portfolio across India to over 2 million square feet.
Founded in September 2017, DevX has established itself as a versatile organization skillfully integrating core coworking elements with an incubator's supportive environment. Through a mutually beneficial approach, DevX positions itself as a driver of entrepreneurship, cultivating a dynamic ecosystem rich in creative pursuits. At its core is nurturing strategic partnerships and services to foster an idea-sharing environment conducive to collective progress.
DevX carefully tailors diverse initiatives to address challenges along the entrepreneurial journey. Umesh Uttamchandani, co-founder of DevX, explained the importance of the Udaipur launch as a deliberate step to strengthen their North India presence by investing in tier-2 and 3 cities' untapped potential. With a commitment to excellence, DevX aims to redefine client-centric service through infrastructure and experiences.
Uttamchandani expressed optimism for the industry, emphasizing DevX's strategy as the preferred partner for multinationals, global capability centers and offshore development centers. Echoing this, Kshitiji Patel of Manubhai Shah & LLP praised DevX's seamless client transitions across centers, emphasizing their role in upholding high service standards - the foundation for a sustained partnership aligned in values and client-focused growth.
As an ecosystem hub, DevX convenes industry leaders, academia, professionals and corporates, providing a platform for discourse, innovation and knowledge exchange. With unwavering commitment to expansion, DevX has plans for a pan-India presence by 2024.
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