Flipspaces, a commercial interior design startup born in Mumbai, has bagged ₹50 crore (roughly $5.9 million) in fresh funding from the Asiana Fund—an investment arm supported by Asian Paints promoter Jalaj Dani. The round also saw existing backers—Synergy Capital Partners, Iron Pillar, and a group led by Prashasta Seth—doubling down on their bet.
This new funding is not a standalone move; it’s an extension of the $35 million round Flipspaces closed just last month. The company plans to use the money to ramp up its footprint in India, the U.S., and the UAE, while also doubling down on its tech offerings and scouting for strategic acquisitions.
Flipspaces isn’t your typical design studio. Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Ranjan, the company combines design expertise with in-house tech to offer end-to-end workspace transformations. Its platform includes everything from 3D space-visualization tools to project tracking dashboards and procurement integrations—all aimed at making commercial fit-outs smoother, faster, and more transparent.
Continue Exploring: Lahori Beverages Nears ₹450 Crore Fundraise as Valuation Soars to ₹2,500 Crore – A New Challenger in India’s Booming Drinks Market
“The Asiana team brings decades of operational know-how and brand-building experience,” said Kunal Sharma, Flipspaces’ CEO. “Their support comes at a critical time as we scale across borders and continue to invest heavily in tech. Their guidance will be a huge asset to our leadership team.”
From startups to Fortune 500s, Flipspaces is positioning itself as the go-to name in tech-enabled office design—and this latest cash injection shows investors believe it’s just getting started.
