# Flipspaces
Flipspaces is a Mumbai-based technology-enabled commercial interior design-and-build startup founded in 2015, which as of 2026 operates independently across India, the United States, and the [United Arab Emirates](https://www.edgepedia.org/united-arab-emirates).[1](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html) The company raised a $50 million expanded Series C in September 2025, following two earlier tranches in the same year.[1](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html)
| Fact | Detail |
|---|---|
| Founded | 2015[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) |
| Headquarters | Eureka Towers, Mindspace IT Park, Malad West, Mumbai (per company site)[3](https://www.flipspaces.com/about-us) |
| Sector | Tech-enabled commercial interior design and build[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) |
| Footprint | 3 countries, 7 offices, 500+ team (company-stated)[3](https://www.flipspaces.com/about-us) |
| Delivery record | 1,000+ projects, over 8 million square feet[1](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html) |
| Notable investors | Iron Pillar, CE-Invests, Panthera Growth Partners, SMBC Asia Rising Fund, Asiana Fund, Synergy Capital Partners[1](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html) • [2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) |
| Status | Independent and operating as of January 2026[4](https://enterpriseam.com/mena-india/2026/01/19/interior-design-startup-flipspaces-plots-gulf-expansion-armed-with-tech/) |
## What Flipspaces does
Flipspaces is a full-stack provider of commercial interior solutions, combining an interior design studio, a technology platform, and turnkey construction execution in a single business. Its platform offers space planning, virtual reality walkthroughs, project management, procurement, and furniture sourcing through a product called Vizstore.[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) According to CE-Invests, the company's proprietary technology integrates AI-led design management, immersive VR walkthroughs, procurement, and turnkey execution, connecting design decisions to supply chain delivery.[5](https://www.crescententerprises.com/news/ce-invests-backs-50-million-funding-round-for-flipspaces/) The company's own descriptions frame its evolution as moving from a traditional design-and-build firm into a tech-enabled workspace solutions platform.[6](https://etedge-insights.com/industry/real-estate/how-flipspaces-is-bringing-predictability-to-indias-commercial-interiors-market/)
## Founding and founders
Per the company's account, Flipspaces began in 2015 as a furniture and furnishings supply and distribution business. As it grew, the founders identified that commercial interiors were fragmented across multiple vendors with inconsistent experiences, and reshaped the business into a design-and-build model that brought discovery, design, and execution into a single journey with technology at its core.[3](https://www.flipspaces.com/about-us)
Entrepreneur India lists six founders: Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Ranjan.[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) The company's own site names Kunal Sharma (Founder and CEO, previously co-founder of Mexus Education), Ankur Muchhal ([IIT Bombay](https://www.edgepedia.org/iit-bombay), leading the US-focused international business), Vikaash Anand (IIT Bombay, previously at Fractal Analytics, and Ispat Industries), Mrinal Sharma (previously at KPMG and Reliance Globalcom) and Ritesh Ranjan (co-founder and Head of Product, leading the Vizworld platform); it does not list Prafful Sahu, so the full founder roster remains unsettled between the two sources.[3](https://www.flipspaces.com/about-us)
## Funding history
The 2025 record shows the Series C was assembled in tranches:[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832)
- **May 2025:** $35 million led by Iron Pillar.[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832)
- **June 2025:** about INR 500 million (INR 50 crore), roughly $5.5 million, from Asiana Fund per Entrepreneur India. [CB Insights](https://www.edgepedia.org/cb-insights) labels this a $5.9 million Series B-II on June 26, 2025; the small difference in the dollar conversion is unresolved between the sources.[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) • [7](https://www.cbinsights.com/company/flipspaces/financials)
- **September 2025:** on September 8, Flipspaces announced a $50 million expanded Series C (about Rs 4.39 billion (Rs 439 crore)), raised in tranches, with fresh participation from UAE-headquartered CE-Invests, Singapore-based Panthera Growth Partners, and Japan's SMBC Asia Rising Fund. Existing investors Iron Pillar, Synergy Capital Partners, and Prashasta Seth also participated, and the round enabled a complete exit for early backer Carpe Diem.[1](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html) • [2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) • [8](https://timesofindia.indiatimes.com/business/india-business/flipspaces-scores-50-mn-in-funding/articleshow/123783488.cms)
The capital is earmarked for scaling in India, the US, and the UAE, deepening supply-chain integration, AI-led upgrades to the technology stack, and possible strategic acquisitions in adjacent categories.[1](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html) CB Insights lists total funding of $101.55 million over 10 rounds, but this is an unverified aggregator figure; the press-verified 2025 tranches alone sum to roughly $90 million, and earlier rounds are not itemized in retained sources.[7](https://www.cbinsights.com/company/flipspaces/financials)
## Business and traction
As of September 2025, Flipspaces had delivered more than 1,000 projects covering over 8 million square feet across India, the US and the UAE, serving clients in technology, retail, healthcare, education, and financial services.[1](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html) • [2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) The company states it runs 7 offices in 3 countries (Mumbai, New York, Dubai, Bengaluru, Hyderabad, Gurugram, and Noida) with a team of more than 500.[3](https://www.flipspaces.com/about-us) In the US, per the company, it has executed enterprise and multi-market projects across 12 states with over 200 design-and-build mandates.[3](https://www.flipspaces.com/about-us) No independent source verifies revenue, profitability, or headcount; CB Insights lists FY2025 revenue of $40M, an unverified aggregator figure.[7](https://www.cbinsights.com/company/flipspaces/financials)
## How it compares
In commercial design, Flipspaces' reported rivals include traditional design firms and technology-driven players such as Livspace and Space Matrix.[2](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832) Describing the UAE market in a January 2026 interview, CEO Kunal Sharma said most local players are "either design-centric or contractor-led", positioning Flipspaces as offering single-point accountability from design to delivery.[4](https://enterpriseam.com/mena-india/2026/01/19/interior-design-startup-flipspaces-plots-gulf-expansion-armed-with-tech/) No retained source compares Flipspaces specifically with HomeLane or Interia or quantifies its market share.
## Status and recent developments
The record through September 2026 shows a company still independent and expanding. In January 2026, with its Series C complete and backing from Sharjah-based CE-Invests, Flipspaces announced plans to expand into the Middle East's commercial fit-out market. Sharma said the company is pursuing a build-and-buy strategy, evaluating specialized design-only firms, and boutique design-and-build studios, with a UAE acquisition under consideration.[4](https://enterpriseam.com/mena-india/2026/01/19/interior-design-startup-flipspaces-plots-gulf-expansion-armed-with-tech/) In a company-statement Q&A, Sharma said an IPO is a future possibility but that timing must align with strong fundamentals: consistent profitability across regions, well-established international expansion, and wide adoption of its proprietary platforms. This is the company's own claim, not independent reporting.[6](https://etedge-insights.com/industry/real-estate/how-flipspaces-is-bringing-predictability-to-indias-commercial-interiors-market/)
## References
1. [Flipspaces secures $50 mn funding to expand business in India, abroad](https://www.business-standard.com/companies/news/flipspaces-secures-50-mn-funding-to-expand-business-in-india-abroad-125090800493_1.html), Business Standard
2. [Flipspaces Secures USD 50 Mn in Expanded Series C Funding](https://india.entrepreneur.com/news-and-trends/flipspaces-secures-usd-50-mn-in-expanded-series-c-funding/496832), Entrepreneur India
3. [About Flipspaces](https://www.flipspaces.com/about-us), company website (company claims)
4. [Interior design startup Flipspaces plots Gulf expansion armed with tech](https://enterpriseam.com/mena-india/2026/01/19/interior-design-startup-flipspaces-plots-gulf-expansion-armed-with-tech/), Enterprise AM
5. [CE-Invests backs $50 Million Funding Round for Flipspaces](https://www.crescententerprises.com/news/ce-invests-backs-50-million-funding-round-for-flipspaces/), Crescent Enterprises (investor statement)
6. [How Flipspaces is bringing predictability to India's commercial interiors market](https://etedge-insights.com/industry/real-estate/how-flipspaces-is-bringing-predictability-to-indias-commercial-interiors-market/), ET Edge Insights (company statement)
7. [FlipSpaces Stock Price, Funding, Valuation, Revenue & Financial Statements](https://www.cbinsights.com/company/flipspaces/financials), CB Insights (unverified aggregator data)
8. [Flipspaces scores $50 mn in funding](https://timesofindia.indiatimes.com/business/india-business/flipspaces-scores-50-mn-in-funding/articleshow/123783488.cms), The Times of India
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