VC Fund Investments

Co-working startup DevX raises $3-M

Business Line  

Ahmedabad-headquartered co-working space provider DevX has raised USD 3 million from Urmin Family Office, Bidiwala Family Office, Navneet Publications, Venus Infrastructure and structural consulting firm Ducon. The company would use the funds for domestic and global expansion and grow its coworking space area to two million square feet from the current 900,000 sq ft. Founded in September 2017, DevX, besides offering co-working space, also provides accelerator support to startups. It has over 25 centres across 11 cities.

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