Flipspaces an interior design startup based in Mumbai, India. It has raised a total of $4 million in funding, including a $4 million Pre-Series B round led by Prashasta Seth, the former CEO of IIFL AMC.
The company plans to use the new funding to develop its technology and expand operations on the US West Coast. Flipspaces is also looking to expand its product offerings to include other services, such as home improvement and renovation.
The Indian interior design market is a large and growing market. A Technavio analysis projects that the market will grow at a CAGR of 10.2% between 2021 and 2026, reaching a value of $3.75 billion. Flipspaces is well-positioned to capitalize on this growth, as it is one of the few companies in India that offers VR-based interior design services.
Flipspaces was founded in 2015 by Kunal Sharma, Ankur Muchhal, and Vikash Anand. The company uses virtual reality (VR) technology to help users visualize their interior design projects.
Flipspaces' services include:
Virtual reality visualization: Users can use Flipspaces' VR platform to walk through their interior design project in 3D. This helps them to visualize the space and make changes before the project is finalized.
Interior design consultation: Flipspaces' team of interior designers can provide consultation on design, materials, and finishes.
Project management: Flipspaces can manage the entire interior design project, from start to finish.
Flipspaces' clients include businesses and individuals. Some of its notable clients include Reebok, Oppo, Zeta, and Indiqube.