Interior design and build company Flipspaces 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 participation from existing backers Iron Pillar, Synergy Capital Partners, and Prashasta Seth, while providing an exit for early-stage investor Carpe Diem.
This follows Flipspaces’ earlier raises this year, including a $35 million round in May led by Iron Pillar and a ₹50 crore ($5.5 million) infusion from Asiana Fund in June.
The company said the fresh proceeds will be deployed to scale operations across India, the U.S., and the U.A.E., strengthen supply chain integration, and enhance its proprietary technology stack with AI-driven solutions. 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 on a single platform. This enables efficiency, transparency, and timely delivery in the fragmented commercial design and build sector.
To date, the company claims to have delivered 1,000+ projects covering 8 million sq. ft., serving enterprises, startups, and SMEs across IT, retail, education, healthcare, and financial services.
In FY24, Flipspaces reported ₹190 crore in operating revenue, up 90% YoY from ₹100 crore in FY23, while losses narrowed to ₹8 crore from ₹19 crore. Competitors include traditional firms and tech-led players like Livspace and Space Matrix.
By: Arushi Agarwal
