Commercial interior design startup Flipspaces raises $50 million in a Series C round

Flipspaces, a technology-driven interior design and build company, has secured an additional $50 million in its Series C funding round to expand operations across India, the United States and the United Arab Emirates.

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The round saw fresh participation from CE-Invests, headquartered in the UAE, Panthera Growth Partners of Singapore, and Japan’s SMBC Asia Rising Fund.

The financing follows a $35 million investment earlier this year led by Iron Pillar with support from Synergy Capital Partners and Prashasta Seth, bringing Flipspaces’ cumulative Series C capital raised to over $85 million. The latest round also enabled an exit for early investor Carpediem Capital.

Kunal Sharma, founder and CEO, said the proceeds would be deployed in three areas: strengthening Flipspaces’ proprietary technology with AI-led tools, scaling its geographic footprint, and pursuing acquisitions in the United States, the UAE and India. “We are building not just a company, but a technology-first ecosystem that is reshaping the future of interior design and building globally,” Sharma said.

Founded in 2015 by Sharma, Ankur Muchhal, Vikash Anand and Mrinal Sharma, Flipspaces operates with a platform-driven model. Its enterprise resource planning system connects business development, design, supply chain and project management, while immersive virtual-reality walkthroughs allow clients to visualize and modify spaces in real time. The company is also developing artificial-intelligence software to improve efficiency, cost transparency and timely delivery in what remains a fragmented industry.

The firm’s portfolio spans more than 1,000 projects covering eight million square feet across India, the United States and the UAE. In India, the business has focused largely on office design, while in the United States it has worked extensively with restaurants and cafés. More recently, Flipspaces has added large enterprise clients such as Adani, Genpact and Larsen & Toubro.