Business APAC
May 8, 2025
The technology-focused commercial interior design company, Flipspaces, has received substantial funding of $35 million. Iron Pillar, a technology growth investor, led the funding round, with continued support from Prudent Investment Managers and new investment from Synergy Capital. This investment, a mix of primary and secondary capital, also facilitated a successful exit for early investor Carpediem.
For Flipspaces, this funding is a significant boost to its mission of revolutionizing how commercial spaces are designed and delivered. Thus Flipspaces $35 Million Funding can be fruitful in many different ways.
Tech-Driven Design, Simplified
Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan, Flipspaces offers a comprehensive, technology-first solution for commercial interiors. Leveraging tools like VR for 3D visualization, the platform streamlines the entire process from discovery to execution, tackling industry inefficiencies for clients ranging from SMBs to large enterprises.
“We are building a technology-led brand aimed at transforming the customer experience in commercial design and build, globally,” stated Kunal Sharma, Founder and CEO of Flipspaces. “Our conviction lies in scaling with both speed and sustainability.”
Fueling Ambitious Growth and Innovation
The new Flipspaces $35 Million Funding expansion across India, the US (where operations are already profitable and contribute 20% of revenue), and the UAE. Funds are also allocated to enhancing its proprietary technology, strengthening brand leadership, and exploring strategic acquisitions.
Flipspaces has demonstrated strong growth, achieving over 65% CAGR in the last four years and delivering over 8 million square feet of commercial space. The company reported $40 million in revenue in a capital-efficient manner.
Investor Confidence in Market Disruption
The funding underscores strong investor belief in Flipspaces’ approach. Ashok Ananthakrishnan, Partner at Iron Pillar, commented, “Flipspaces has scaled to $40 million in revenue in a capital-efficient manner. With their tech-first platform spanning design, supply chain, and project management, we believe they are well-positioned to build a leading franchise across India, the GCC, USA, and other global markets.”
A New Chapter
This funding round not only injects fresh capital but also signifies a maturing business, as evidenced by the exit of early backer Carpediem. BDA Partners served as the exclusive financial advisor for Flipspaces in this transaction.
Looking ahead, Sharma expressed excitement for the journey ahead. “We are grateful to our incoming and existing investors for their belief in our vision. The journey is just getting started,” he affirmed, emphasizing the team’s commitment to revolutionizing the commercial interior space on a global scale. With a proven model, a passionate team, and now, significant new resources, Flipspaces is poised to design an even bigger future for itself and its clients.
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