Commercial interior design and build startup Flipspaces has raised $50 million in a fresh Series C funding round, taking its total capital raised in this round to more than $85 million. The latest financing, announced on Monday, will be used to scale operations in India, the United States and the United Arab Emirates, while also bolstering its proprietary technology platform.
The round saw participation from CE-Invests, based in the UAE, Panthera Growth Partners from Singapore, and Japan’s SMBC Asia Rising Fund. Earlier this year, Flipspaces closed a $35 million investment led by Iron Pillar, with backing from Synergy Capital Partners and Prashasta Seth. The latest tranche also enabled an exit for early investor Carpediem Capital.
Kunal Sharma, founder and chief executive officer, said the company plans to channel the proceeds into three areas: artificial intelligence-led technology development, international market expansion, and targeted acquisitions across its key geographies. “We are creating a technology-first ecosystem that redefines how interior design and execution are delivered globally,” Sharma said.
Founded in 2015 by Sharma along with Ankur Muchhal, Vikash Anand and Mrinal Sharma, Flipspaces has built a platform-driven model that integrates business development, design, procurement and project management. The company also offers virtual reality walkthroughs that allow clients to visualize and tweak layouts before execution. Its next phase of technology innovation includes AI tools aimed at enhancing efficiency, transparency and delivery timelines in what remains a fragmented global interiors industry.
Flipspaces has delivered more than 1,000 projects covering eight million square feet across its three core markets. In India, it has largely focused on commercial office spaces, while in the US its portfolio includes restaurants and cafés. Its client roster features large enterprises such as Adani, Genpact and Larsen & Toubro.
