• India’s interior design startup Flipspaces raised USD 35M in a round led by Iron Pillar, Prudent, and Synergy Capital.
• Flipspaces is a tech commercial interior design and build startup that offers an integrated, tech-driven solution for commercial interiors.
• The startup will expand to the UAE and enhance its tech-led commercial interior solutions.

Flipspaces

What happened? Mumbai-based interior design startup, Flipspaces, raised USD 35 million. The round was led by Iron Pillar, Prudent Investment Managers and Synergy Capital. The fundraising process was exclusively run by BDA Partners. In addition, the round saw the startups’ early investor Carpediem make an exit. 

Ashok Ananthakrishnan, Partner, Iron Pillar, said, With their tech-first platform spanning design, supply chain, and project management, we believe they are well positioned to build a leading franchise across India, the GCC, USA, and other global markets, and to establish a large, enduring company.”

Interior Design

What’s next? The startup plans to use the funding to accelerate expansion across India, the US, and the UAE. It also aims to enhance its tech platforms, pursue inorganic growth, and boost brand leadership.

The startup already has business in India and the US but plans to expand to the UAE. This is because the GCC country has positioned itself as a commercial real estate hub.

“At Flipspaces, we’re building a global, tech-led brand aimed at transforming the customer experience in commercial design and build. This funding validates our vision and sets us up to scale with speed and sustainability,” said Kunal Sharma, Founder and CEO. 

Who are they? The startup was founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Ranjan. Flipspaces is a tech commercial interior design and build startup offering an integrated, tech-driven solution for commercial interiors. It primarily targets SMEs because it is a prominent segment of the commercial design and build market