DevX sets up 90,000-sq-ft coworking center in Vadodara

Flexible office space provider DeVX has expanded its footprint in Gujarat’s Vadodara with a 90,000-sq-ft co-working hub in the city. This is the company’s third co-working center in Vadodara.

The company’s earlier two centers in Vadodara are spread across 25,000 sq ft and 20,000 sq ft, respectively.

According to Umesh Uttamchandani, Co-Founder – 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 of Gujarat and 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,” 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 sq ft 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 sq ft across 8 new centers over the next one year in a bid to double its portfolio.