Coworking and managed office space startup DevX reported a net loss of INR 1 crore in the third quarter of FY26, marking a reversal from its earlier profitability and underscoring the growing cost pressures confronting India’s flexible workspace sector. The loss comes at a time when the company continues to scale aggressively across cities, betting on long-term enterprise demand even as short-term margins remain under strain.
According to industry sources and financial disclosures reviewed by the publication, DevX’s revenues continued to grow on a year-on-year basis in Q3 FY26, driven by higher seat additions, expansion into new micro-markets, and increased demand from mid-to-large enterpri
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