Interior design startup Flipspaces has closed an expanded $50 million Series C round to disrupt the commercial interior design industry by scaling tech-enabled solutions, fueling global expansion, and strengthening AI-driven innovation.

Investments came from CE-Invests (UAE), Panthera Growth Partners (Singapore), and SMBC Asia Rising Fund (Japan). Existing backers like Iron Pillar, Synergy Capital Partners, and Prashasta Seth also participated, while Carpediem Capital secured a complete exit.

The round, structured in three tranches, included $35 million in May and nearly $6 million in June, culminating in the latest $9 million infusion. With this momentum, Flipspaces plans to accelerate global expansion across India, the US, and the UAE.

“Asiana team’s collective experience of over 10 decades in scaling operations and building customer-centric brands will be invaluable to Flipspaces. Our core team will benefit tremendously from their insights and assistance,” said Flipspaces founder and chief executive Kunal Sharma, commenting on the fresh funds.

Driving Growth with Technology

Flipspaces sets itself apart by integrating commercial interior design with a proprietary technology suite. Its tools support immersive VR walkthroughs, supply chain integration, AI-powered project management, and real-time execution. This unified approach offers efficiency, transparency, and speed in a sector that has traditionally been marred by fragmentation.

In commercial interior design, many providers offer piecemeal services, with different vendors often handling design, supply, and execution. That causes misaligned timelines, unclear costing, quality mismatches, and frustrating surprises for clients.

Flipspaces addresses this by combining design visualization, supply chain management, and project execution into a single, unified platform. The company has already delivered over 1,000 projects spanning 8 million sq. ft. to enterprises, startups, and SMEs in industries such as IT, retail, education, healthcare, and finance.

Expanding Global Presence

The US currently contributes 20 percent of Flipspaces’ revenue, and operations in both India and the US are already profitable. With the UAE market as its next target, the company plans to leverage its new funding to strengthen its presence across multiple geographies.

Moreover, Flipspaces aims to pursue strategic acquisitions in adjacent categories, enhancing its ecosystem of design and build solutions. The fresh capital will also power deeper AI-driven innovation in its proprietary platform.

Flipspaces reported revenue of INR 190 crore in FY24, nearly doubling from INR 100 crore in FY23, while reducing losses from INR 19 crore to INR 8 crore. This growth trajectory highlights the company’s ability to scale sustainably.

Globally, the interior design software market is expected to reach $11.74 billion by 2030, driven by the integration of AI, advanced visualization, and cloud-based platforms. Rivals like Livspace, HomeLane, and Space Matrix are also competing aggressively, underscoring the renewed investor interest in design-tech startups.

Looking ahead, Flipspaces plans to go public by 2026, becoming one of the early Indian startups to explore a reverse flip mechanism for fast-track listing. This strategy signals confidence in its financial stability and long-term growth prospects.

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