Interior design startup Flipspaces has secured $50 million (approximately Rs 4.39 billion) in an expanded Series C funding round, backed by new investors including UAE-headquartered CE-Invests, Singapore-based Panthera Growth Partners, and Japan’s SMBC Asia Rising Fund.

The company said the capital will be used to scale operations in India, the US, and the UAE, strengthen supply chain integration, and enhance its proprietary technology stack with AI-led solutions. Strategic acquisitions in adjacent categories are also planned as part of its growth roadmap.

The round also marked the successful exit of early-stage investor Carpe Diem, underscoring investor confidence in Flipspaces’ business model and international growth potential.

News source: Business Standard