Flexible office space provider DevX has expanded its footprint in Gujarat’s Vadodara with a 90,000 square foot coworking hub in the city. This is the company’s third coworking center in Vadodara.
The company’s earlier two centers in Vadodara are spread across 25,000 square feet and 20,000 square feet, respectively.
According to Umesh Uttamchandani, Co-Founder of DevX, the size of the new center is an indication of the company’s optimism on the next wave of growth from tier II cities like Gujarat.
“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,” Uttamchandani said.
DevX is a coworking cum accelerator founded in September 2017 by three entrepreneurs and one listed entity: Rushit, Umesh, Parth and Dev Information Technology.
The company currently has operational centers in Mumbai, Pune, Hyderabad, Noida, Raipur, and Chandigarh. Its current portfolio comprises over 3.93 lakh square feet of space with 4,500 seats across 12 centers in seven cities.
DevX is planning to add managed office spaces spread over nearly half a million square feet across eight new centers in 2022.