Dev Accelerator Ltd. has secured Rs 100 Cr in debentures via Catalyst Trusteeship. Promoters have provided personal guarantees, committing to maintain 19% collective shareholding and executive roles. This ensures stability without direct company liability.
DevX received an award for Excellence in Co-working Startup of the Year. Added 1.11 lakh sq ft across two Bengaluru offices, increasing capacity by 1,200+ seats. The company emphasizes experience-driven workspaces over mere square footage.
DevX has launched a new office in Ahmedabad's Million Minds Tech City SEZ. The company highlights India's leading role in APAC's flexible office market and the growing demand for "closer" office spaces near residential areas.
Dev Accelerator received in-principle approval for issuing 33.33 lakh equity shares via warrants and 44.44 lakh shares on a preferential basis.
DevX won 'Coworking Startup of the Year' for the second consecutive year. Its design arm, Phi Designs, was recognized as 'India's Most Futuristic Interior Design and Build Firm'. A new center is planned for Bangalore.
