Flipspaces, an Indian startup specializing in tech-enabled commercial interior design and build solutions, has announced the successful closure of a $35 million funding round comprising both primary and secondary capital.
The round was led by Iron Pillar, with continued backing from Prudent Investment Managers and new participation from Synergy Capital Partners. Early-stage investor Carpediem Capital exited during this round.
The capital infusion will support Flipspaces’ expansion across India, the United States, and the United Arab Emirates. The company aims to enhance its proprietary technology platforms, strengthen brand leadership, and explore inorganic growth opportunities in new geographies and adjacent categories.
Ashok Ananthakrishnan, Partner at Iron Pillar, commented, “We recognized that this large and growing market was burdened by inefficiencies stemming from fragmented supply chains, operational complexity, and limited technology adoption. 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, the US, and other global markets, and to establish a large, enduring company.”
Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan, Flipspaces offers a fully integrated, tech-driven solution for commercial interiors.
Its platform includes 3D space visualization tools, real-time project tracking, an integrated supply chain with an internal product catalog, and a curated vendor marketplace, providing turnkey project execution with digital transparency.
The company primarily targets small and medium-sized enterprises (SMEs), a segment that comprises nearly 60% of the commercial design and build market.
Flipspaces has delivered over 8 million square feet of commercial spaces for more than 1,000 clients, including SMEs, global MNCs, coworking spaces, and retail chains.
The company reports profitable operations in both India and the US, with the latter contributing nearly 20% of its revenues. Flipspaces is also expanding in the UAE, tapping into the region’s growing demand for premium commercial real estate design solutions.
Kunal Sharma, Co-founder and CEO of Flipspaces, stated, “At Flipspaces, we’re 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.”
Flipspaces: Tech-Driven Solutions for a Fragmented Market
Flipspaces differentiates itself by addressing the inefficiencies of the traditional, fragmented interior design ecosystem with technology-backed transparency and efficiency.
Its proprietary tools offer immersive 3D visualization, real-time project tracking, and access to a backward-integrated supply chain, including an in-house product catalog and vendor marketplace.
The company’s tech-led, integrated model has enabled it to scale at over 65% CAGR over the past four years while maintaining profitability. Flipspaces’ business model has found validation in the US, which now contributes 20% of its overall revenue.
The company also claims profitability in both India and the US and is actively expanding into the UAE, which is fast emerging as a global hub for commercial real estate.
With this funding, Flipspaces is poised to deepen its presence in existing markets and explore new opportunities in adjacent categories and geographies, reinforcing its position as a global leader in tech-enabled commercial interior design and build solutions.
