Commercial interior design startup Flipspaces has raised ₹50 crore (~$5.9 million) in fresh funding from Asiana Fund, extending its earlier $35 million round raised just last month.
The Mumbai-headquartered startup plans to use the capital to scale operations across India, the US, and the UAE, strengthen its proprietary tech stack, and explore strategic acquisitions in adjacent sectors.
Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Ranjan, Flipspaces brings a full-stack, tech-driven approach to commercial interior design—one that blends 3D space visualization, project management tools, and product sourcing into a unified platform.
“Asiana’s decades of experience in building operational scale and customer-first brands will be of immense value to us,” said Kunal Sharma, Co-founder and CEO. “Their insights will help our leadership team sharpen strategy and execution.”
The startup claims to have delivered 8 million+ sq. ft. of workspace globally, catering to SMBs, enterprises, coworking hubs, and retail chains. With immersive 360° walkthroughs and remote monitoring, Flipspaces’ tools enhance both client experience and execution precision.
Financially, the company reported ₹190 crore in revenue for FY24, up 90% from FY23. Importantly, it also reduced losses to ₹8 crore in FY24, from ₹19 crore in the previous year—a sign of improving unit economics as it scales.
With design and technology at its core, Flipspaces is positioning itself as a global leader in commercial space transformation—one that’s as focused on aesthetics and efficiency as it is on scale and sustainability.
-By Muskan Dengra | Indian Startup Times
