Tech-led commercial interior design and build startup Flipspaces has secured USD 35 million in a fresh funding round comprising a mix of primary and secondary capital. The round was led by Iron Pillar, with continued backing from Prudent Investment Managers and new participation from Synergy Capital.
Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan, Flipspaces provides a fully integrated, technology-driven platform for commercial interiors. Its end-to-end solution spans space design, product supply, and project execution, catering primarily to Small and Medium Businesses (SMBs)—a segment that constitutes nearly 60% of the commercial design and build market.
The Mumbai-headquartered company plans to utilize the newly raised capital to accelerate its expansion across India, the US, and the UAE, strengthen its proprietary technology platforms, enhance brand leadership, and pursue inorganic growth in new geographies and adjacent categories.
“With their tech-first platform spanning design, supply chain, and project management, we believe Flipspaces is well positioned to build a leading franchise across India, the GCC, and the USA,” said Ashok Ananthakrishnan, Partner at Iron Pillar. “They’ve already achieved USD 40 million in revenue in a capital-efficient, profitable manner.”
Flipspaces sets itself apart in the traditionally fragmented commercial interior design industry by addressing inefficiencies with technology-backed transparency and operational 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.
To date, the company has delivered over 8 million sq. ft. of commercial spaces for more than 1,000 clients, including SMBs, multinational corporations, coworking spaces, and retail chains. It operates profitably in both India and the US, with the latter contributing approximately 20% of its revenue. The firm is also actively expanding in the UAE, capitalizing on the region’s growing demand for high-quality commercial interior solutions.
“At Flipspaces, we’re building a global, tech-led brand aimed at transforming the customer experience in commercial design and build,” said Kunal Sharma, Founder and CEO of Flipspaces. “This funding validates our vision and sets us up to scale with speed and sustainability.”
As part of the transaction, early investor Carpediem has exited, with BDA Partners acting as the exclusive advisor for the deal. Flipspaces continues its trajectory as a category-defining company, committed to redefining commercial interiors through scalable technology and client-centric execution.
