Flipspaces, the tech-enabled commercial interior design and build company, has secured $50 million in an expanded Series C funding round. The fresh investment was led by CE-Invests (the strategic investment arm of Crescent Enterprises, UAE), Singapore-based Panthera Growth Partners, and Japan’s SMBC Asia Rising Fund. The capital infusion strengthens Flipspaces’ position as a fast-scaling global design-tech company.

Round Structure and Earlier Tranches

The $50 million addition follows an earlier Series C tranche of $35 million announced in May this year, led by Iron Pillar with support from Prudent Investment Managers and Synergy Capital Partners. In June, Flipspaces also raised ₹50 crore (approximately $5.9 million) from Asiana Fund, bringing the total size of the Series C to over $90 million.

The expanded close also enabled an exit for early-stage investor Carpediem Capital, which had backed the company in its formative years. This marks a significant moment in Flipspaces’ funding journey, as the company brings in global institutional investors while rewarding its earliest supporters.

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Use of Proceeds and Growth Strategy

The new funding will be used to expand Flipspaces’ presence in India, the United States and United Arab Emirates where they already have a presence. The management indicated it wants to deepen their supply chain integration with a focus on procurement and vendor management, and continue to build its AI-based technology stack.

Management also expressed interest in exploring strategic acquisitions in related categories such as furniture supply chains, and digital procurement platforms. These pursuits are expected to help efficiency as well as further elevate Flipspaces’ position as a full-stack commercial design and build entity.

Technology-First Approach

Founded in 2015 by Kunal Sharma and his team, Flipspaces differentiates itself through a proprietary technology suite that unifies multiple aspects of the design and build process. Its platform integrates:

• Space planning with smart tools.
• Immersive VR and 3D walkthroughs that allow clients to visualize projects before execution.
• Centralized procurement with access to a wide vendor ecosystem.
• Turnkey project execution, ensuring seamless delivery.

This model has helped Flipspaces address inefficiencies in a traditionally fragmented sector, improving both timelines and cost transparency for clients.

Business Scale and Financial Performance

Flipspaces has delivered over 1,000 projects spanning more than 8 million square feet for a wide mix of clients, including enterprises, startups, and SMEs across IT, retail, education, healthcare, and financial services.

Financially, the company posted an operating revenue of ₹190 crore in FY24, nearly double the ₹100 crore recorded in FY23. Losses were also significantly reduced, with the company reporting ₹8 crore in FY24 compared to ₹19 crore the previous year.

Flipspaces has also achieved EBITDA-level profitability, driven by strong growth in both India and the U.S. Over the past three years, it has maintained an impressive 83% compound annual growth rate, including a 63% rise in India and a 300% surge in its U.S. operations. For FY25, the company has publicly set a target of crossing ₹320 crore in revenue, supported by expanding operations in Mumbai, Bengaluru, and New York.

Investor Perspectives

CE-Invests highlighted that Flipspaces’ rapid scaling across India and USA, coupled with its AI and VR based platform, uniquely positions it to bridge the Asia-UAE-USA innovation corridor.From SMBC’s perspective, the investment also brings synergies through its global customer base and financial solutions, such as supply chain financing, which can further enhance Flipspaces’ ecosystem.

These endorsements highlight the confidence international investors place in Flipspaces’ business model and its ability to scale profitably.

Competitive Landscape

Flipspaces is part of a competitive landscape with numerous traditional interior design firms as well as tech-enabled firms like Livspace and Space Matrix. Livspace has stated that they have over ₹1,000 crore in revenue and are continuing to operate at significant losses. Flipspaces has made clear that it is aiming for a path toward long-term profitability, much more sustainable market differentiation in time.

Globally, the commercial interior design software and solutions market is expected to be worth $11.7 billion by 2030, driven by demand for cloud-based collaboration tools, artificial intelligence, and immersive visualization. Flipspaces’ integrated model puts it in a favorable position to capture a significant share of this growth.

A Well-Capitalized Path Ahead

This development comes as the latest funding milestone for Flipspaces, which is one of the most capitalized players in the design-tech ecosystem. With its diversified global investors, technology-first business model, and path to profitability, the company is well-positioned for significant momentum.

As Flipspaces continues to expand across India, the U.S. and the Middle East, the focus will remain on technology, optimizing efficiency in the delivery, and building a scalable ecosystem that can radically change the design and delivery of commercial spaces around the world.

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