Flipspaces, a commercial interior design startup, has raised ₹50 crore ($5.9 million) in funding from the Asiana Fund, as part of Synergy Capital’s investor block. Asiana Fund is sponsored by Jalaj Dani, one of the promoters of Asian Paints.
The investment is an extension of the recent $35 million funding round, which also saw participation from Synergy Capital Partners, Iron Pillar and Prashasta Seth consortium.
The fresh capital raised will be used to expand its footprint across India, the U.S. and the U.A.E., strengthen its proprietary technology stack and enable strategic acquisitions in new geographies and adjacent categories.
Jalaj Dani, sponsor of Asiana Fund said, “We’re truly impressed by what the founders have built so far—their world-class platform and processes have already transformed dozens of commercial spaces with seamless, tech-driven design and execution. Asiana is proud to back Flipspaces in their next phase of growth and set a new standard in commercial interior design and build.”
Kunal Sharma, Founder and CEO of Flipspaces said, “Asiana team’s collective experience of over 10 decades in scaling operations and building customer-centric brands will be invaluable to Flipspaces. Our core team will benefit tremendously from their insights and assistance.”
Apurva Patel, CIO and Managing Partner at Synergy Capital Partners said, “We are elated with Asiana Fund joining our investor group. We look forward to working closely with Asiana to help Flipspaces achieve its vision.”
Founded in 2014 by Kunal Sharma, Ankur Muchhal, Vikash Anand and Mrinal Sharma, Flipspaces operates a tech-first platform that provides a fully integrated, tech-first design and build solution focused on the SMB (Small and Medium Business) segment, which accounts for approximately 60% of the total interior design and build market for commercial spaces.
With operations spanning India, the US, and the UAE, Flipspaces caters to enterprises, startups, and SMEs seeking agile, future-ready workplace solutions.
