Flipspaces raises $50 Mn in expanded Series C round to expand, boost AI tech

Flipspaces, an interior design startup has raised an additional $9 million (around Rs 79 Cr) in its extended Series C funding round from CE-Invests, Panthera Growth Partners and SMBC Asia Rising Fund. 

The startup has now raised $50 Mn (around Rs 440 Cr) in this round, with investors like Iron Pillar, Asiana Fund, Prudent Investment Managers, and Synergy Capital.

Flipspace said the round also gave an exit to its early backer Carpediem Capital, which had first invested in the startup in 2018.

Flipspaces Founder & CEO Kunal Sharma told that the new funds will be used across three key focus areas.

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“First, we aim to double down on technology, especially AI-powered software for the interior design and build domain, which we’ve already started developing. Second, growth capital will help us expand into more geographies in India and the US. Third, we plan inorganic acquisitions, targeting strong legacy companies in the US, UAE, and India to enhance their scale and EBITDA with our technology and processes,” Sharma added.

“Their tech-driven approach and scalable model make them a strong contender to lead the market,” said Shilpa Kulkarni, Founder and Managing Partner at Panthera Growth Partners.

“Flipspaces’ ability to scale profitably across India and the USA, while deploying AI and VR to transform a traditional sector, exemplifies the kind of opportunity we are committed to backing. With the UAE as its launchpad for expansion into the wider MENA region, Flipspaces is uniquely positioned to bridge the Asia-UAE-USA innovation corridor,” noted Ghada Abdelkader, senior vice president of CE-Invests.

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About Flipspaces 

Founded in 2011 by Kunal Sharma, Ankur Muchhal, Vikash Anand and Mrinal Sharma, Flipspaces is a tech-first commercial interior design platform focused on SMBs, competing with players like Livspace, HomeLane, and Bonito Designs.

The U.S. contributes 20% of its revenue, with both its India and U.S. operations already profitable. The company now plans to expand into the UAE.

So far, Flipspaces has delivered 8M+ sq ft of space for over 1,000 brands, growing at a 65% CAGR in the past four years. Its proprietary tools enable 3D visualisation, supply chain integration, and real-time project tracking, catering to both SMBs and large enterprises.

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