Flipspaces, India’s office interior design services, received a fresh capital from UAE-headquartered CE-Invests, Singapore-headquartered Panthera Growth Partners, and Japan-headquartered SMBC Asia Rising Fund. It plans to expand its geographical presence, strengthen supply chain, and enhance AI-driven tech. This investment followed the startup’s recent $35 million funding round led by Iron Pillar, with participation from Synergy Capital Partners and Prashasta Seth.
“First we aim to double down on technology, especially AI-powered software for the interior design and build domain, which we’ve already started developing. Second, growth capital will help us expand into more geographies in India and the US. Third, we plan inorganic acquisitions, targeting strong legacy companies in the US, UAE, and India to enhance their scale and EBITDA with our technology and processes”, said CEO Kunal Sharma
The interior design company was founded in 2015 by Kunal Sharma, Ankur Mucchal, Vikash Anand, and Mrinal Sharma. Flipspaces operates with a technology-first approach. It also aims to develop AI-led tools to further improve efficiency, cost transparency, and timely delivery in a traditionally fragmented sector. “Their tech-driven approach and scalable model make them a strong contender to lead the market”, said Shilpa Kulkarni, Founder and Managing Partner at Panthera Growth Partners. While the company initially worked in India keeping office spaces in the centre, its international projects, however, focuses more on restaurants and cafes.
Recently, it has also taken on large enterprise mandates, working with clients such as Adani, Genpact, and L&T, according to Kunal Sharma. Ghada Abdelkader, senior vice president of CE-Invests, said in appreciation, “Flipspaces’ ability to scale profitably across India and the USA, while deploying AI and VR to transform a traditional sector, exemplifies the kind of opportunity we are committed to backing. With the UAE as its launchpad for expansion into the wider MENA region, Flipspaces is uniquely positioned to bridge the Asia-UAE-USA innovation corridor”.
Subscribe to our Website for more such Funding News NOW!
