Interior Designer Startup Flipspaces Raises $4 Million In Equity-Debt Mix
09/05/23, 3:21 PM
Location
new yorkMoney raised
$4 million
Round Type
seed
Interior designer startup Flipspaces on Tuesday said it has raised $4 million in a mix of equity and debt from a consortium of existing investors led by former IIFL AMC chief executive Prashasta Seth. Other family groups and funds also participated, as per a statement.Flipspaces operates a platform that manages interior designers, product suppliers and contractors for SME clients. “We’ve seen rapid growth in the US market combined with robust India numbers. Leveraging this momentum, our impetus is to enhance our focus on tech to enable processes at scale and double down on building on our supply chain capability to serve global demand,” Kunal Sharma, founder and CEO of Flipspaces, said.Elevate Your Tech Process with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Digital MarketingVisitIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitThe company is preparing for a larger fundraise in the future and continues engaging with investors in line with its vision of disrupting interior design by building for small and medium enterprises globally, Sharma added.Founded in 2015, Flipspaces currently operates in the United States and India.“The decision to invest in Flipspaces for a second time is driven by the company's impressive growth since the previous investment
Company Info
Location
new york, new york, united states
Additional Info
A Global venture in Real Estate with offerings spanning tech-enabled space planning, consulting, interior design, contracting and Furniture Furnishing & Equipment (FF&E) solutions with a robust manufacturing and global supply chain ecosystem. We are a brand with footprints across the globe, and have catered to millions of square feet of spaces. We are differentiated by a tech-centric approach, efficient design & execution process, providing a seamless experience and by staying true to our promise of supreme quality products at best rates and always being on time!