Flipspaces Technology Labs Private Limited, an interior design tech startup, has raised ₹250 crore from a Series B fundraise led by Iron Pillar India Fund II and saw participation from Synergy Capital Partners, as well as existing investors.
The transaction comprised both primary and secondary investments in the Company. As part of the secondary component, Carpediem Capital Partners, an existing investor, will make a complete exit from the Company in a staggered manner.
VERTICES PARTNERS advised FlipSpaces on this fundraise.
The transaction team was led by Vishal Mehta (Partner) along with a team that included Varun Kaka (Senior Associate), and Associates, Vidhi Shah and Stuti Jain.
Founder and Managing Partner Vinayak Burman provided strategic inputs.
The Firm had previously advised FlipSpaces on their Pre-Series B fundraise.
IndusLaw advised lead investor Iron Pillar on this fundraise.
The transaction team consisted Minhaz Lokhandwala (Partner), Maitri Parekh (Principal Associate), Martin Mathews (Senior Associate), Rishika (Associate), Kamayani Mittal (Associate), Yash Borana (Associate), Roshni Mulchandani (Associate), Saket Mishra (Associate), Ankit Sharma (Associate), Shreya Parashar (Associate) and Tarun Pydah (Associate).
They were supported by Ruhi Jain (Executive Director), Chetna Agarwal (Assistant Manager) and Samiksha Nayak (Executive) in Corporate Secretarial aspects.
Jerome Merchant + Partners represented existing investor Prashasta and Affiliates.
The transaction team consisted of Sameer Sibal (Partner) and Akshay Dixit (Senior Associate).
Antares Legal represented exiting investor Carpediem Capital Partners.
The transaction team consisted of Siddharth Bhavnani (Partner) and Moksh Roy (Associate).
Agram Legal Consultants advised Synergy Capital Partners and Catalyst Advisors on this fundraise.
The transaction team consisted of Karuna Thapa (Partner) and Rhythm Kalra (Associate).
Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan, Flipspaces offers a fully integrated, tech-driven solution for commercial interiors. Its platform spans space design, product supply, and project execution, primarily targeting Small and Medium Businesses (SMBs), which constitute approximately 60% of the commercial design and build market.
The funds will be utilized to accelerate Flipspaces’ expansion across India, the US, and the UAE, enhance its proprietary technology platforms, strengthen brand leadership, and explore inorganic growth opportunities in new geographies and adjacent categories.