Tech-enabled commercial design and build firm Flipspaces has raised $35 million in a mix of primary and secondary funding. The round was led by growth-stage investor Iron Pillar, with participation from existing backer Prudent Investment Managers and new investor Synergy Capital. This fresh capital is a strong endorsement of Flipspaces’ tech-first, scalable, and profitable model that has proven its mettle across international markets.
The funds will be used to accelerate growth across key markets—India, the U.S., and the UAE. Flipspaces also plans to invest in strengthening its technology backbone, boosting brand visibility, and exploring strategic acquisitions in adjacent sectors and new geographies.
Commenting on the investment, Ashok Ananthakrishnan, Partner at Iron Pillar, said, “This large and growing market suffers from inefficiencies due to fragmented supply chains and low tech adoption. Flipspaces has addressed these issues through a vertically integrated platform covering design, supply chain, and project management. Their capital-efficient scale-up to $40 million revenue positions them to lead not just in India but across global markets including the GCC and the USA.”
Unlike traditional players offering piecemeal services, Flipspaces offers a fully integrated, tech-first platform tailored for Small and Medium Businesses (SMBs)—a segment that comprises nearly 60% of the commercial interior design and build market. Flipspaces has validated this model in the U.S., which now contributes 20% of its revenue. Both India and the U.S. operations are reported to be independently profitable, with the UAE set to become the next growth frontier.
Beyond SMBs, Flipspaces is also gaining ground with large enterprises, having executed tech-enabled, high-speed projects for global MNCs. The company’s delivery model leverages proprietary technology, immersive visualisation tools, and a backward-integrated supply chain, ensuring cost, time, and quality transparency—an edge over traditional service providers.
“We’re on a mission to transform commercial design and build through a replicable, tech-powered delivery model. This funding validates our approach and fuels our ambition to scale sustainably,” said Kunal Sharma, Founder and CEO of Flipspaces.
The company’s integrated model has enabled it to grow at a 65% CAGR over the past four years, completing over 8 million sq. ft. of commercial space for more than 1,000 brands in India and the U.S. Today, Flipspaces serves a diverse client base, including large corporates, co-working spaces, builders, retail chains, and food & beverage brands.
Prashasta Seth, Founder of Prudent Investment Managers, remarked, “Flipspaces has stayed true to its tech-led thesis, delivering exceptional growth with strong profitability. With the ongoing ramp-up in supply chain and tech, their best years lie ahead.”
The Flipspaces platform continues to delight clients with 360-degree site views, remote project tracking, and a rich catalog of in-house and third-party products. Their new project management tool provides real-time execution updates, enhancing transparency and client confidence.
Synergy Capital’s Apurva Patel added, “Flipspaces is redefining customer experience in a traditionally outdated industry. We’re excited to support their journey.”
Notably, early-stage investor Carpediem has exited in this round. BDA Partners acted as the exclusive advisor for Flipspaces during the transaction.
With strong fundamentals, robust tech infrastructure, and seasoned leadership, Flipspaces is well-positioned to replicate its successful model across global markets and redefine the commercial interiors space.
