Commercial interior design startup Flipspaces raises Rs 50 crore in funding

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Startup Information

  • Startup Name: Flipspaces
  • Founded: 2015
  • Founders:
    • Kunal Sharma
    • Ankur Muchhal
    • Vikash Anand
    • Mrinal Sharma
    • Prafful Sahu
    • Ritesh Ranjan
  • Location: Mumbai, India

Funding Details

  • Recent Fundraise:
    • Amount Raised: Rs 50 crore (approximately $5.9 million)
    • Funding Round: Extension of a previous funding round
  • Previous Round: $35 million funding round closed last month
  • Series: Not specified in the text
  • Date of Recent Fundraise: Not explicitly mentioned, but it is implied to be recent.

Investors

  • New Investors:
    • Asiana Fund (backed by Jalaj Dani, promoter of Asian Paints)
  • Existing Investors:
    • Synergy Capital Partners
    • Iron Pillar
    • Consortium led by Prashasta Seth

Additional Information

  • Purpose of Funds:
    • To deepen its presence in India, the USA, and UAE
    • Accelerate technology investments
    • Explore acquisition opportunities

Financial Overview (FY24)

  • Operating Revenue: Rs 190 crore (90% increase from Rs 100 crore in FY23)
  • Losses: Narrowed to Rs 8 crore from Rs 19 crore the previous year

This summary encapsulates the key details about the startup, the funding it has received, its investors, and other relevant financial information.

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2025-06-27 17:21:41