Flipspaces secures $2M in pre-Series B to grow its newly launched SaaS Vizstore

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Flipspaces has secured $2 million from a group of family offices and high-net-worth people led by former IIFL AMC CEO Prashasta Seth. The money will be used to build its US business and the newly created SaaS vertical Vizstore


Flipspaces, a technology-enabled workplace interior designer, has secured $2 million from a consortium of high-net-worth people led by former IIFL AMC CEO Prashasta Seth in a pre-Series B round to build its US business, which has grown 25 times, and expand its recently launched SaaS Vizstore, reports state.

The previous funding for Flipspaces was in 2019, where it raised $1.2 million in debt financing. Flipspaces, founded in 2015, aspires to disrupt the way customers design and implement the interiors of their spaces. Its B2B SaaS component, Vizstore, allows furniture and furnishing firms and merchants to virtualize the showroom experience, lowering real estate expenses.

Flipspaces focuses on India’s $5 billion commercial interior design and build industry, with clients spanning BharatPe, NoBroker, Open Money, INDwealth, Gaana, and Addverb Technologies. 

We believe Flipspaces is at the cusp of becoming a market-defining venture. On the one hand, leveraged by our tech-suite for Interior design, our US vertical has grown 25X in the last four quarters and is now profitable at the EBITDA level. On the other hand, the first 3rd party SAAS product from the Flipspaces stable meant for furniture and furnishing brands, retailers, and SMBs has seen a fantastic initial response. We are getting close to our vision of building a domain which is a $1 trillion-plus market globally,

Kunal Sharma, founder and CEO of Flipspaces

We have been impressed by the capital efficiency of the team, their vision for technology to drive transformation in all aspects of the Design and Build domain, and the strong and diverse founding team. These factors have been key to our decision of investing in the business,

Prashasta Seth lauded the capital efficiency and the vision of the Flipspaces team and added,

We have been impressed by the capital efficiency of the team, their vision for technology to drive transformation in all aspects of the Design and Build domain, and the strong and diverse founding team. These factors have been key to our decision of investing in the business,

Prashasta Seth

Vikash Anand, co-founder and head of business development of Flipspaces, stated that the company is now a diversified business and added,

We have kept furthering our differentiation through tech-enablement in every vertical of business while keeping a sharp focus on profitability which has helped us tide through difficult times of covid infused shut-down.

Vikash Anand, co-founder and head of business development of Flipspaces
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