Flipspaces raises $50 Mn in expanded Series C round

Flipspaces, an interior design company, has raised $50 million in an expanded Series C round from CE-Invests (UAE), Panthera Growth Partners (Singapore), and SMBC Asia Rising Fund (Japan). 

The round also saw backing from existing investors such as Iron Pillar, Synergy Capital Partners, and Prashasta Seth. It also enabled an exit for early-stage investor Carpe Diem.

In May, the company raised a $35 million round led by Iron Pillar. The following month, it secured Rs 50 crore (about $5.5 million) from Asiana Fund.

The fresh proceeds will be used to scale operations across India, the U.S., and the U.A.E., deepen supply chain integration, and enhance Flipspaces’ proprietary technology stack with AI-driven interventions. 

According to the company, strategic acquisitions in adjacent categories are also on the roadmap.

Founded in 2015 by Kunal Sharma, Flipspaces differentiates itself with a proprietary tech suite that integrates space planning, immersive VR walkthroughs, procurement, and turnkey execution into a single platform. 

This approach delivers efficiency, transparency, and timely execution in a traditionally fragmented commercial design and build sector.

The company claims to have delivered over 1,000 projects spanning 8 million sq. ft., serving enterprises, startups, and SMEs across IT, retail, education, healthcare, and financial services. 

While Flipspaces has yet to file its annual financial report for FY25, the company registered an operating revenue of Rs 190 crore in FY24, a 90% increase from Rs 100 crore in FY23. The company reduced its losses to Rs 8 crore in FY24 from Rs 19 crore in FY23.

Its competitors include traditional interior design firms and tech-driven players like Livspace and Space Matrix.