Flipspaces, a commercial space design platform, has secured $35 million in primary and secondary capital, led by Iron Pillar, with participation from existing backer Prudent Investment Managers and incoming investor Synergy Capital. The funding will fuel growth across India, the US, and UAE, enhance technology and brand leadership, and explore inorganic growth opportunities.
According to Ashok Ananthakrishnan, Partner at Iron Pillar, “We recognised 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.”
Flipspaces offers a tech-driven design and build solution for commercial interiors, streamlining cost, time, and quality through a one-stop platform. Founded in 2015 by Kunal Sharma, Ankur Mucchal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan, the Mumbai-based startup targets SMBs and large enterprises.
The company plans to leverage the funding to strengthen its technology and brand leadership, expanding its presence in existing markets and exploring new geographies and adjacent categories.
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