About DevX
DevX is a company based in Ahmedabad (India) founded in 2017 by Rushit Shah, Parth Shah, Umesh Uttamchandani, and Jaimin Shah. DevX has raised $16.16 million across 7 funding rounds from investors including Navneet Publications, Venus Infrastructure and Ardeko. The company has 39 employees as of April 10, 2024. DevX offers products and services including Managed Offices and Coworking Spaces. DevX operates in a competitive market with competitors including WeWork, BHIVE Workspace, IndiQube, 91Springboard and Cowrks, among others.
- Headquarter Ahmedabad, India
- Employees 39 as on 10 Apr, 2024
- Founders Rushit Shah, Parth Shah, Umesh Uttamchandani, Jaimin Shah
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
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Phone
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Website
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Social
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- Legal Name Dev Accelerator Limited
- Date of Incorporation 29 Aug, 2020
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$7.47 M (USD)155.87as on Mar 31, 2023
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Net Profit
-$1.54 M (USD)-71.55as on Mar 31, 2023
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EBITDA
$3.59 M (USD)113.37as on Mar 31, 2023
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Total Equity Funding
$16.16 M (USD)
in 7 rounds
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Latest Funding Round
$2.9 M (USD), Series B
May 13, 2024
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Investors
Navneet Publications
& 38 more
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Employee Count
39
as on Apr 10, 2024
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Products & Services of DevX
DevX offers a comprehensive portfolio of products and services, including Managed Offices and Coworking Spaces.
Fully managed office spaces for business operations and productivity.
Flexible coworking options across cities for professional collaboration.
People of DevX
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Funding Insights of DevX
DevX has successfully raised a total of $16.16M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $2.9 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in DevX
DevX has secured backing from 39 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Navneet Publications, Venus Infrastructure and Ardeko.
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Single-family office focused on multiple sectors
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Single family office services are provided to the Bidiwala family.
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Equity and debt investments are made across multiple sectors.
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Investor details for DevX
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by DevX
Investment portfolio details for DevX
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Financial Statements - DevX
Detailed financials for DevX
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Devx Comparisons
Peer comparison for DevX
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Competitors of DevX
DevX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, BHIVE Workspace, IndiQube, 91Springboard and Cowrks, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Flexible office and coworking spaces are provided by WeWork globally.
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Flexible workspace solutions, including coworking and managed offices, are offered.
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Flexible workspace solutions are provided for enterprises, startups, and SMBs.
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Operator of shared workspaces, private offices, and virtual office solutions
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Provider of flexible and customized coworking spaces
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Detailed competitors of DevX
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Latest news on Devx
Complete news archive for DevX
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Frequently Asked Questions about DevX
DevX was founded in 2017 and raised its 1st funding round 2 years after it was founded.
DevX is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Jaimin Shah is the current CEO of DevX. They have also founded this company.
DevX is a funded company, having raised a total of $16.16M across 7 funding rounds to date.
As of Apr 10, 2024, the latest employee count at DevX is 39.
Annual revenue of DevX is $7.47M as on Mar 31, 2023.
DevX was founded in 2017 in Ahmedabad, India, as a provider of managed office spaces and coworking facilities. Office designs are planned, buildings are constructed, and operations are managed to support team collaboration. Workspaces are ensured to comply with international standards. Services encompass design planning, execution of builds, and ongoing management within the commercial real estate sector.
DevX's top competitors include WeWork, IndiQube and BHIVE Workspace.
DevX offers Managed Offices and Coworking Spaces.
DevX has 39 investors. Key investors include Navneet Publications, Venus Infrastructure, Ardeko, Shreenath Smart Technologies, and Chhattisgarh Investments.
The valuation of DevX is $17.71M as of Dec 2022.