Interior design startup Flipspaces raises $35 million from investors to expand business
Startup Flipspaces, which provides design and building solutions for commercial spaces, has raised $35 million (around Rs 297 crore) from investors to expand its business. In a statement on Wednesday, the company said it has "raised $35 million in primary and secondary capital, led by tech growth investor Iron Pillar and supported by existing backer, Prudent Investment Managers, and incoming Synergy Capital."
ADVERTISEMENT This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent categories.
Flipspaces provides a fully integrated, tech-first design and building solution focused on SMB (Small and Medium Business) spaces, which accounts for approximately 60% of the total interior design and build market for commercial spaces.
"We are building a technology-led brand aimed at transforming the customer experience in commercial design and build, globally. Our conviction lies in scaling with both speed and sustainability driven by a replicable, tech-powered delivery model that balances growth with profitability," said Kunal Sharma, Founder and CEO of Flipspaces. Flipspaces has achieved over 65% CAGR in last 4 years while maintaining profitable execution - delivering over 8 million square feet of commercial spaces for 1000+ brands across India and the US.
The round also saw Carpediem, who are the early stage investors in Flipspaces, make an exit.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
19 minutes ago
- India Today
Currency devaluation is quietly eating into your wealth, expert warns
Many people may not realise it, but their savings could already be losing value. Finance educator Akshat Shrivastava has raised a warning that currency devaluation and continuous money printing are slowly reducing the real value of people's wealth. And this is happening without most people noticing a post on social media platform X, Shrivastava explained this through a simple example. 'Imagine that your 2BHK flat is worth Rs 1 crore. The next year, its value falls to Rs 90 lakh. How would you feel?' he asked. 'What if I tell you: this is actually happening—without you even taking note of it.'Shrivastava's concern is not about direct price drops. Instead, he points to the slow and steady fall in the purchasing power of money. He says that this type of devaluation is not just visible when comparing currencies across countries, but also when comparing money to assets like gold, real estate, Bitcoin, or land.'Governments right now can print as much money as they wish. And, guess what? They are doing it,' he wrote. According to him, the rise in the supply of money is one of the key reasons for this quiet loss of gave an example from the United States, where the Federal Reserve reportedly printed 20% of the total US money supply in just one year after the COVID-19 outbreak. While this helped in boosting short-term spending and supported the economy, Shrivastava says the long-term impact is more serious.'If the rate of money printing is 10%, and your post-tax deposit rate is 6%, your money is losing 4% of its value each year,' he said. In simple terms, if you keep your money in a bank savings account or fixed deposit and inflation or money printing rises faster than your interest earnings, you are becoming poorer over also pointed out how many people don't seem worried about it. 'People don't protest. Because most of them don't bother with economics. Cricket and politics keep them busy,' he added, hinting that financial awareness is still low among the general deal with the risk of devaluation, Shrivastava suggests investing in assets that tend to hold or increase value over time. 'Stocks, (good quality) real estate, gold, and Bitcoin are all hedges,' he said. However, he warned that these are not always safe either if one buys them at the wrong an example, he said, 'If you would have bought BTC on its 2021 high, you would have made 0% returns for 3 years—even though its 10-year CAGR is 88%.' This means even strong long-term assets can give flat returns if purchased without proper timing or believes that the real problem is not just picking the right assets but knowing how to invest wisely. 'Most people don't know how to execute these points: what assets to buy when, how to analyse value, how much to buy, how much cash to keep, and how to book profits,' Shrivastava final advice was not to blindly stick to one asset class or investment idea while ignoring the bigger risk. 'Every year, their wealth keeps going down—in real terms,' he warned. advertisement
Time of India
20 minutes ago
- Time of India
engineers india: I-Sec downgrades Engineers India to Add, raises target price to Rs 250
Cancel › › › › Text Size: A A A I-Sec downgrades Engineers India to Add, raises target price to Rs 250 Sign In Sign Up Success This article has been saved
Time of India
25 minutes ago
- Time of India
Gold Price Prediction: Yellow metal slips by Rs 2,900/10 gms, Silver touches another high. What's ahead
Gold August future contracts on MCX fell for the third consecutive session on Monday, slipping by nearly Rs 2,900/10 grams amid strong profit booking. The yellow metal hit a multi-month high last week. The same opened lower by Rs 703 or 0.72% at Rs 96,333/10 grams. Meanwhile, silver July futures contracts stood firm near their higher levels. The white metal hit yet another lifetime high of Rs 1,05,460/kg in early trade, however, slipped from that level to trade slightly lower at Rs 1,05,183/kg. On Friday, gold and silver settled on a mixed note in the domestic and international markets. Gold August futures contract settled at Rs 97,036 per 10 grams with a loss of 0.86% while silver July futures contract settled at Rs 1,05,459 per kilogram with a gain of 0.97%. Gold and silver saw intense price action last week. Gold bulls struggled as prices slipped below the key $3,400 level, pressured by upbeat U.S. JOLTS data and a strengthening dollar. The reopening of trade talks between the U.S. and China added further headwinds. Silver, however, stood out with strong gains, hitting a 13-year high on the global stage and achieving lifetime highs at home. Silver prices crossed $36 per troy ounce levels after a long consolidation and showing strength. Live Events 'Improving sentiment from softer European inflation and trade optimism helped silver breach the $36 level, breaking out of a long-standing consolidation range,' said Rahul Kalantri, VP Commodities, Mehta Equities. Meanwhile, Manoj Kumar Jain of Prithvi Finmart Commodity Research said, 'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geo-political tensions and ahead of the U.S. inflation data; gold prices could hold its support level of $3,240 per troy ounce and silver prices could also hold $34.00 per troy ounce levels on a weekly closing basis.' Today, the US Dollar Index , DXY, was hovering near the 98.99 mark, falling 0.20 or 0.20%. How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 96,600-96,100 and resistance at Rs 97,700-98,200 Silver has support at Rs 1,04,400-1,03,650 and resistance at Rs 1,06,500-1,07,400 Jain suggests buying silver on dips around the Rs 1,04,000-1,03,500 range with a stop loss of Rs 1,02,400 for a target of Rs 1,06,500. Rahul Kalantri noted that gold has support at Rs 96,720-96,390 while resistance is at Rs 97,350-97,640. Silver has support at Rs 1,04,560-1,03,750 while resistance is seen at Rs 1,06,350-1,06,950. Gold rates in physical markets Gold Price today in Delhi Standard gold (22-carat) prices in Delhi stand at Rs 57,800/8 grams while pure gold (24-carat) prices stand at Rs 61,640/8 grams. Gold Price today in Mumbai Standard gold (22-carat) prices in Mumbai stand at Rs 56,624/8 grams while pure gold (24-carat) prices stand at Rs 60,392/8 grams. Gold Price today in Chennai Standard gold (22-carat) prices in Chennai stand at Rs 56,664/8 grams while pure gold (24-carat) prices stand at Rs 60,448/8 grams. Gold Price today in Hyderabad Standard gold (22-carat) prices in Hyderabad stand at Rs 56,960/8 grams while pure gold (24-carat) prices stand at Rs 60,712/8 grams. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
