Flipspaces Raises $50M Series C to Expand India, US, UAE Operations

Flipspaces, a tech-driven interior design and build company founded in 2015, has raised $50 million in an expanded Series C funding round from new investors CE-Invests (UAE), Panthera Growth Partners (Singapore), and SMBC Asia Rising Fund (Japan), alongside existing backers. The funding will be used to scale operations in India, the U.S., and the U.A.E., deepen supply chain integration, enhance its AI-powered technology stack, and pursue strategic acquisitions in adjacent categories. Flipspaces differentiates itself through a proprietary technology platform that integrates space planning, immersive VR walkthroughs, procurement, and project execution, serving over 1,000 projects and 8 million square feet across sectors like IT, retail, education, healthcare, and financial services. The company has demonstrated strong growth, with operating revenue increasing 90% in FY24 and losses reducing substantially. Leadership emphasizes leveraging AI and VR to transform the traditionally fragmented commercial design sector and expanding its global footprint, including plans to enter the wider MENA region. Investor confidence is highlighted by the successful exit of early-stage investor Carpe Diem and endorsements from participating funds, which aim to support Flipspaces' expansion and technological innovation.