Interior Design VR Startup ‘Flipspaces’ Raises Funds
Interiors

Interior Design VR Startup ‘Flipspaces’ Raises Funds

Home decor and interior design startups devised novel ways to stay afloat during the pandemic, and one of them, Mumbai-based Flipspaces, which provides virtual reality (VR)-based interior design, has raised a $2 million Pre-Series B round led by Prashasta Seth, ex-CEO, IIFL AMC (India-focused, global asset management firm), with participation from undisclosed family groups and high net worth individuals (HNIs)

The company claims to be profitable and plans to utilise the cash to expand its operations in the United States as well as develop its recently established SAAS vertical, VIZSTORE.

Flipspaces is a commercial interior design and construction company founded in July 2015 by IIT Bombay alumni Sharma, Vikash Anand, and Ankur Munchal. Vizstore, the company's B2B SaaS vertical, is a gamified platform that allows users to walk through virtual reality and see furniture and interiors.

Startups such as BharatPe, NoBroker, Openmoney, Indwealth, Gaana, and Addverb are among Flipspaces' clients. The firm previously received $1.15 million in debt financing from UC Inclusive Credit and Alex Group, as well as $3.5 million in Series A capital from Carpediem Capital.

Praful Sahu, the business's head of products, indicated that the company would continue to focus on technological distinction in order to create products that can eventually be turned into SaaS or PaaS. (platform-as-a-service).

In India, the market for house interiors and renovations is estimated to be between $20 billion to $30 billion dollars. Livspace, MS Dhoni-backed HomeLane, Spaceler, Hidecor, and Interazzo are some of the other interior design companies.

Also read:
https://www.constructionworld.in/latest-construction-news/real-estate-news/trichy-city-municipal-corporation-proposes-master-plan-for-panjapur/30366
https://www.constructionworld.in/urban-infrastructure/wastewater-and-sewage-treatment/amrut-projects-in-nine-civic-bodies-delayed-in-kerala/30364

Home decor and interior design startups devised novel ways to stay afloat during the pandemic, and one of them, Mumbai-based Flipspaces, which provides virtual reality (VR)-based interior design, has raised a $2 million Pre-Series B round led by Prashasta Seth, ex-CEO, IIFL AMC (India-focused, global asset management firm), with participation from undisclosed family groups and high net worth individuals (HNIs) The company claims to be profitable and plans to utilise the cash to expand its operations in the United States as well as develop its recently established SAAS vertical, VIZSTORE. Flipspaces is a commercial interior design and construction company founded in July 2015 by IIT Bombay alumni Sharma, Vikash Anand, and Ankur Munchal. Vizstore, the company's B2B SaaS vertical, is a gamified platform that allows users to walk through virtual reality and see furniture and interiors. Startups such as BharatPe, NoBroker, Openmoney, Indwealth, Gaana, and Addverb are among Flipspaces' clients. The firm previously received $1.15 million in debt financing from UC Inclusive Credit and Alex Group, as well as $3.5 million in Series A capital from Carpediem Capital. Praful Sahu, the business's head of products, indicated that the company would continue to focus on technological distinction in order to create products that can eventually be turned into SaaS or PaaS. (platform-as-a-service). In India, the market for house interiors and renovations is estimated to be between $20 billion to $30 billion dollars. Livspace, MS Dhoni-backed HomeLane, Spaceler, Hidecor, and Interazzo are some of the other interior design companies. Also read: https://www.constructionworld.in/latest-construction-news/real-estate-news/trichy-city-municipal-corporation-proposes-master-plan-for-panjapur/30366 https://www.constructionworld.in/urban-infrastructure/wastewater-and-sewage-treatment/amrut-projects-in-nine-civic-bodies-delayed-in-kerala/30364

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?