- CE-Invests joins a USD 50M Series C round in Flipspaces, alongside Panthera Growth Partners and SMBC Asia Rising Fund.
- Funding will support AI-driven software, strengthen supply chains, expand Flipspaces’ presence across India, the US, and MENA regions.
- Flipspaces plans strategic acquisitions of established design firms to enhance efficiency, revenue, and profitability using technology and processes.
Flipspaces
CE-Invests, the investment platform of Crescent Enterprises, joined the USD 50 million Series C funding round for Flipspaces. The round also included participation from Singapore-headquartered Panthera Growth Partners, and Japan-headquartered SMBC Asia Rising Fund.
Up next, with the funding, the interior design firm aims to expand its geographical presence in the US and India. It also aims to strengthen its supply chain and enhance AI-driven tech. Additionally, it aims to further develop its AI-powered software for interior design.
It also intends to acquire other companies, especially established interior design or construction firms in the US, UAE, and India. By integrating these companies with Flipspaces’ technology and processes, it aims to increase efficiency, revenue, and profitability (EBITDA).
“First, we aim to double down on technology, especially AI-powered software for the interior design and build domain, which we’ve already started developing. Second, growth capital will help us expand into more geographies in India and the US. Third, we plan inorganic acquisitions, targeting strong legacy companies in the US, UAE, and India to enhance their scale and EBITDA with our technology and processes,” said Kunal Sharma Flipspaces Founder and CEO.
Interior Design
Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, and Mrinal Sharma, Flipspaces is a tech-first interior design and build company. It focuses on commercial spaces operating across India and the USA.
“ With the UAE as its launchpad for expansion into the wider MENA region, Flipspaces is uniquely positioned to bridge the Asia-UAE-USA innovation corridor,” said Ghada Abdelkader, Senior Vice President of CE-Invests.
This round comes after Flipspace’s recent USD 35 million funding round in which it aimed to accelerate expansion across India, US and UAE.
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