Dev Accelerator Ltd

🚀 Dev Accelerator Ltd Expands with 4.5 Lakh Sq. Ft. Workspace in Ahmedabad

• Approved fundraise of up to ₹35 Crore via Convertible Warrants and Equity Shares.

• Promoters contributing up to ₹15 Crore through Convertible Warrants.

• Non-Promoter investor subscribing up to ₹20 Crore in Equity Shares.

• Funds allocated for ₹35.10 Crore Interest-Free Refundable Security Deposit.

• Signed Letter of Intent for 4,50,000 sq. ft. space in 'Winston' building on Bopal-Ambli Road, Ahmedabad.

• Expansion targets strong demand for managed workspaces in Tier-2 cities.

• Currently operates 28 centres across India with over 14,000 seats and 8.6 lakh sq. ft. under management.