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Flipspaces raises US$3.5 million from Carpediem Capital

Flipspaces raises US$3.5 million from Carpediem Capital

In just four years since its inception, interior design and build company Flipspaces has become a leading player in the market for its tech-enabled approach to design visualisation and efficient project management process. What sets it apart from its contemporaries is that Flipspaces allows customers to experience space-design interactively while making design changes in real time. Virtual Reality technology combined with proficient contracting ability has led this company to become a one-stop shop for interior design and contracting for commercial spaces such as offices, restaurants, educational and financial institutions, and hotels.

Flipspaces has executed commercial projects totalling 1.5 million square feet. Its portfolio including startup offices, coworking spaces, storefronts and corporates such as Bosch, Regus, Radio Mirchi, Quantiphi, Indiqube, Nobroker, Coverfox, Razorpay, Playsimplegames, Moveinsync, Thoucentric and Busago, among others.

Speaking on the funding, Kunal Sharma, Flipspaces’ founder and CEO, said, “We shall be using the funds raised towards enhancing our technology, increasing our market presence across multiple cities in India and further expanding the product database from organised and unorganised suppliers.” Carpediem Capital’s MD, Hithendra Ramachandran, added, “We see great opportunity in commercial interior design and build market in India. Currently, less than 20% of the market is serviced by organised entities. This gap allows an opportunity to create a model of scale, backed by technology-enabled design and execution.”

Caption: Mrinal Shah, Prafful Sahu, Vikash Anand, Ritesh Ranjan (standing L to R), Ankur Mucchal and Kunal Sharma (sitting L to R) from Flipspaces.

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