Private Equity PE-VC Fund Investments
Interior design co. Flipspaces raises $50-M from Panthera Growth Partners, SMBC Asia Rising Fund, ot
Source Flipspaces (opens in a new tab)Business Line (opens in a new tab)
Mumbai-based interior design startup Flipspaces has raised USD 50 million (INR 439 crore) in an extended Series C round with participation from foreign investors CE-Invests, Panthera Growth Partners and SMBC Asia Rising Fund.Founded in 2015 by Kunal Sharma, Ankur Mucchal, Vikash Anand and Mrinal Sharma, Flipspace provides interior design, contracting, and project management services, with a focus on leveraging technology and virtual reality for commercial spaces.The proceeds from the fresh issue will be used by the company for scaling the business in India, the USA and the UAE, deepen supply chain integration and enhance the company's technology stack.
Between Dec-18 and May-25, Flipspaces had attracted about USD 43 M from Carpediem Capital Partner, UC Inclusive Credit, MGA Ventures, Asiana Fund, Iron Pillar, Synergy Capital and others.