Flipspaces, a commercial interior-design tech venture, is nearing a Rs 400 crore revenue run rate, driven by tech innovation and profitability. The venture is gearing up for further expansion through acquisitions in India and the US.
“We are looking to partner with legacy companies in new geographies with a similar client persona and focus on profit. This acquisition strategy also extends to acquisition of businesses in adjacent categories like hospitality, healthcare, and education, where Flipspaces sees an opportunity to scale rapidly by building on the expertise and vintage of these firms,” said Kunal Sharma, Founder & CEO of Flipspaces.
The company recently announced profitability at the EBITDA and PBT levels. “Achieving profitability at the EBITDA level while maintaining a 65% CAGR across 3 years validates our one-stop-shop model for commercial design and build,” added Sharma. Flipspaces’ proprietary tech suite, VIZWORLD, streamlines the design and build process.
Flipspaces operates through a structure of SBUs, allowing it to operate in every geography with a PnL center focused on a certain revenue outcome and EBITDA as a localized unit. It currently operates out of Mumbai, Bangalore and NYC in the USA.
Source: cxotoday.com