Interior Design VR Startup ‘Flipspaces’ Raises Funds

12 Oct 2021 CW Team

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

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..