About Flipspaces
Flipspaces is a company based in Mumbai (India) founded in 2011 by Ritesh Ranjan, Mrinal Vijaykumar Sharma, Ankur Muchhal, Vikash Anand, and Kunal Sharma.. Flipspaces has raised $21.3 million across 11 funding rounds from investors including Dezerv, IIFL Finance and UC Inclusive Credit. The company has 292 employees as of October 17, 2024. Flipspaces has completed 1 acquisition, including Renomania. Flipspaces operates in a competitive market with competitors including Matterport, Trezi, Officebanao, iStaging and Spacely, among others.
- Headquarter Mumbai, India
- Employees 292 as on 17 Oct, 2024
- Founders Ritesh Ranjan, Mrinal Vijaykumar Sharma, Ankur Muchhal, Vikash Anand, Kunal Sharma
- Stage Minicorn
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Sectors
Business ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Flipspaces Technology Labs Private Limited
- Date of Incorporation 08 Jul, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$10.46 M (USD)28.47as on Mar 31, 2023
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Net Profit
$-1.84 M (USD)-338.82as on Mar 31, 2023
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EBITDA
$-1.14 M (USD)-1691.7as on Mar 31, 2023
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Total Equity Funding
$21.3 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Dezerv
& 52 more
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Employee Count
292
as on Oct 17, 2024
- Investments & Acquisitions
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Funding Insights of Flipspaces
Flipspaces has successfully raised a total of $21.3M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
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First Round
First Round
(06 Nov 2018)
- Investors Count 53
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series C - Flipspaces | Valuation |
investors |
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| Jun, 2025 | Amount | Series C - Flipspaces | Valuation |
investors |
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| May, 2025 | Amount | Series C - Flipspaces | Valuation | Iron Pillar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Flipspaces
Flipspaces has secured backing from 53 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dezerv, IIFL Finance and UC Inclusive Credit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth capital provision and investment services for tech entrepreneurs across multiple locations.
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Founded Year | Domain | Location | |
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Minority stakes are invested in early-growth stage companies.
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Founded Year | Domain | Location | |
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Investing in pre-seed to Series A startups across various sectors in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flipspaces
Flipspaces has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Renomania. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home designs, interior designers, and products are discovered online.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Flipspaces
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flipspaces Comparisons
Competitors of Flipspaces
Flipspaces operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Matterport, Trezi, Officebanao, iStaging and Spacely, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cloud and AI-based virtual tour solutions for construction professionals
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| domain | founded_year | HQ Location |
Immersive AR/VR platform for collaborative design is developed.
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| domain | founded_year | HQ Location |
Provider of technology-driven solutions for office interior designing
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| domain | founded_year | HQ Location |
Augmented and virtual reality platforms are built online for businesses.
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| domain | founded_year | HQ Location |
Developer of AI-enbaled virtual reality solutions for real estate and construction projects
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flipspaces
Frequently Asked Questions about Flipspaces
When was Flipspaces founded?
Flipspaces was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Flipspaces located?
Flipspaces is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Flipspaces?
Kunal Sharma is the current CEO of Flipspaces. They have also founded this company.
Is Flipspaces a funded company?
Flipspaces is a funded company, having raised a total of $21.3M across 11 funding rounds to date.
How many employees does Flipspaces have?
As of Oct 17, 2024, the latest employee count at Flipspaces is 292.
What is the annual revenue of Flipspaces?
Annual revenue of Flipspaces is $10.46M as on Mar 31, 2023.
What does Flipspaces do?
Flipspaces was founded in 2011 in Mumbai, India, as a provider of integrated solutions for commercial spaces. Interior design services incorporating visualization technology are offered to clients. A supply chain ecosystem for interior products and construction materials is maintained. Project management is executed by combining operational expertise with supporting technology. Operations focus on facilities within the design and construction sector.
Who are the top competitors of Flipspaces?
Flipspaces's top competitors include Matterport, Officebanao and iStaging.
How many acquisitions has Flipspaces made?
Flipspaces has made 1 acquisition, including Renomania.
Who are Flipspaces's investors?
Flipspaces has 53 investors. Key investors include Dezerv, IIFL Finance, UC Inclusive Credit, Iron Pillar, and Dholakia Ventures.
What is Flipspaces's valuation?
The valuation of Flipspaces is $26.83M as of Apr 2023.
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