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Founded
2011
Headquarters
Mumbai (India)
Status
Series A
Company Details
Flipspaces is a pioneering design-tech company specializing in end-to-end commercial interior design and build solutions, leveraging proprietary virtual reality (VR) and technology platforms to transform the workspace and real estate industry. Flipspaces is headquartered in West Mumbai, India, with a significant presence in Bengaluru and New York and is rapidly expanding into the US and UAE markets.
product and services
- Interior Design & Build: End-to-end design, product supply and project management for commercial spaces.
- Technology Solutions: VR walkthroughs, digital catalogs and tech-enabled project management tools.
- REBOOTSPACES: Focuses on workplace transformation and home office solutions.
- Design Product Offshoring: Delivers remote design services to US clients.
Business Model & Revenue Streams
Revenue Generation: Primarily project-based fees for design and build services; also generates income from product sales, technology subscriptions, and remote design consulting.
Business Unit/Geography Contribution: India contributes the majority of revenue (63% CAGR last three years), while the US is growing rapidly (300% CAGR in the same period).
Customer Segmentation: B2B focus—serving SMEs, startups, enterprises and co-working operators; minimal B2C exposure except for home office solutions.
Top Clients & Partnerships
- Key Clients: BSH, Aditya Birla, InstaOffice, Nivea, Oppo, P&G, Reebok, Royal Enfield, Google, Incred Financial Services, Freightwalla.
- Marquee Contracts: 1 lakh sq. ft. office project for a leading BFSI client, executed in record time.
- Client Concentration & Diversification: Broad client base across industries and geographies, reducing concentration risk; ongoing efforts to expand in the US and Indian cities (Pune, Hyderabad, Ahmedabad).
Future Outlook & Strategic Priorities
Growth Drivers: Expansion into new Indian cities and deeper US penetration; launch of new business lines like REBOOTSPACES and remote design services; leveraging AI and automation (reflecting recent market trends) to enhance efficiency and user experience.
Risks & Headwinds: Macroeconomic cycles affecting commercial real estate, regulatory changes in construction/design and technological disruption from new entrants.
Management Targets: Focus on maintaining 2X YoY growth in India and accelerating US operations; capital allocation towards technology, talent and geographic expansion.
Key Metrics
Total Equity Funding
$46.5 Million
No. of Funding Rounds
8
Latest Funding Round
$35 Million , Series C
as of May 7, 2025
Post Money Valuation
$26.5 Million
as of September 19, 2023
Funding Multiple
-
as of N/A
Investors
Carpediem Capital
and 5 moreEmployee Count
342
Similar Companies
Spintly
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| May 7, 2025 | Series C | $35 Million | - | - | - | Iron Pillar |
| September 5, 2023 | Series A | $2 Million | - | - | - | - |
| April 29, 2023 | Series A | $991.0 K | $26.8 Million | - | - | Dholakia Ventures, Carpediem Capital , Shatalat Investment Sole Proprietorship, Silver Complex, Dezerv |
| February 14, 2022 | Series A | $3.0 Million | $24.5 Million | - | - | Amrit Prime Properties, MGA Ventures, Mukesh Sharma Family Trust, NISA Family Trust , Dezerv, IIFL Finance, Invictus Capital Partners, Radix Multiventures, Prudent Investment Managers, ACE, RK Somani Trust, HAL Offshore, Shatalat Investment Sole Proprietorship |
| June 22, 2021 | Series A | $2.0 Million | $21.2 Million | - | - | Cardbytes Digital Solution, Amrit Prime Properties , IIFL Finance, Invictus Capital Partners, ACE, Radix Multiventures, Prudent Investment Managers |
| December 14, 2018 | Series A | $3.5 Million | $7.5 Million | - | - | Carpediem Capital,Dexter Capital Advisors |