Flipspaces, a startup offering design and construction solutions for commercial spaces, has secured $35 million (approximately Rs 297 crore) from investors to support its expansion efforts.
In a statement released on Wednesday, the company said it has “raised $35 million in primary and secondary capital, led by tech growth investor Iron Pillar and supported by existing backer, Prudent Investment Managers, and incoming Synergy Capital.”
The newly secured funds will accelerate its growth in India, the US, and the UAE, enhance the company’s technology capabilities, and explore inorganic growth opportunities in new markets and adjacent sectors.
Flipspaces offers a fully integrated, technology-driven design and build solution tailored specifically for small and medium business (SMB) spaces. This segment represents around 60% of the total commercial interior design and build market, highlighting the company’s strategic focus on a significant share of the industry.
“We are building a technology-led brand aimed at transforming the customer experience in commercial design and build globally. Our conviction lies in scaling with both speed and sustainability, driven by a replicable, tech-powered delivery model that balances growth with profitability,” said Kunal Sharma, founder and CEO of Flipspaces.
Flipspaces has achieved a compound annual growth rate (CAGR) of over 65% over the past four years, maintaining profitable operations. The company has delivered more than 8 million square feet of commercial space for over 1,000 brands across India and the US.
Additionally, the funding round saw early-stage investor Carpediem exit, marking a key transition in the company’s growth journey.
With impressive growth and a strategic focus on SMB spaces, Flipspaces aims to further expand its footprint in the commercial design and build market. The successful funding round, coupled with its strong performance across India and the US, signals the company’s continued commitment to innovation and growth.
