Interior design tech startup Flipspaces raises $35M led by Iron Pillar

The funding will be used to accelerate growth across India, the US, and UAE, strengthen Flipspaces' technology and brand leadership, and explore inorganic growth opportunities in new geographies and adjacent categories, said the company.

May 7, 2025 - 04:38

Interior design tech startup Flipspaces raises $35M led by Iron Pillar

Commercial space design platform Flipspaces has raised $35 million in primary and secondary capital, led by Tech growth investor Iron Pillar along with existing backer, Prudent Investment Managers, and incoming Synergy Capital.

The funding will be used to accelerate growth across India, the US, and UAE, strengthen Flipspaces' technology and brand leadership, and explore inorganic growth opportunities in new geographies and adjacent categories, said the company.

"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 USD 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, USA, and other global markets, and to establish a large, enduring company,” said Ashok Ananthakrishnan, Partner, Iron Pillar.

Flipspaces was founded in July 2015 by Kunal Sharma, Ankur Mucchal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan.

The Mumbai-based startup offers a fully integrated, tech-driven design and build solution for commercial interiors, targeting both SMBs and large enterprises. Unlike traditional players, it streamlines cost, time, and quality through a one-stop platform, with operations across India, the US, and now the UAE.

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“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. We’re deeply grateful to our incoming and existing investors for their belief in our vision and we’re excited for what’s ahead. The journey is just getting started,” said Kunal Sharma, Founder and CEO of Flipspaces.

The round also sees Carpediem who are the early stage investors in Flipspaces make an exit. The mandate is run by BDA Partners who have been exclusive advisors for Flipspaces in this fund raise.

Edited by Megha Reddy