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

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?