FlipSpaces Technology Labs Pvt. Ltd.
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FlipSpaces Technology Labs Pvt. Ltd. - overview
Established
2011
Location
Mumbai, Maharashtra, India
Primary Industry
Software
About
Founded in 2011 by co-founders Kunal Sharma, Ankur Muchhal, Vikash Anand and Anand Sharma and based in Maharashtra, India, Flipspaces Technology Labs Private Limited specializes in transforming commercial spaces through office interior design and project management services, leveraging technology and design capabilities. In September 2025, FlipSpaces Technology Labs Pvt. Ltd. raised USD 9 million in series C funding from investors Crescent Enterprises Venture Capital, Panthera Growth Partners, and SMBC Asia Rising Fund, with participation from investors Iron Pillar and Synergy Capital Partners.
The funding was the part of larger USD 49. 9 million in series C and secondary stock purchase. The company will use the September 2025 funding to advance its AI-driven design technology and expand geographically into India, Dubai, and the US markets.
Current Investors
Carpediem Capital, MGA Ventures, Iron Pillar
Primary Industry
Software
Sub Industries
Web Applications, Multimedia & Graphics, Engineering Software
Website
www.flipspaces.com/
Verticals
Artificial Intelligence, Cloud Computing, Real Estate Tech, Virtual Reality (VR)
Company Stage
Series C
Total Amount Raised
Subscriber access only
FlipSpaces Technology Labs Pvt. Ltd. - timeline of key events
FlipSpaces Technology Labs Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 996,660 | 90,250,576 | 282,543,028 | 467,684,534 | 903,766,674 | 534,975,866 | - | - | - |
| % Revenue Growth (YoY) | - | 8955.3% | 213.1% | 65.5% | 93.2% | (40.8%) | - | - | - |
| EBITDA (USD) | (521,710) | 2,367,473 | 15,274,381 | 2,133,867 | 9,777,289 | (10,324,435) | - | - | - |
| Operating Income (USD) | (536,850) | 2,320,650 | 15,252,894 | (104,386) | 2,838,329 | (17,623,354) | - | - | - |
| Operating Margin | (53.9%) | 2.6% | 5.4% | (0.0%) | 0.3% | (3.3%) | - | - | - |
| % EBITDA Margin | (52.3%) | 2.6% | 5.4% | 0.5% | 1.1% | (1.9%) | - | - | - |
| NET Income (USD) | (536,850) | 1,756,002 | 10,832,010 | (11,208,436) | (3,229,487) | (32,247,113) | - | - | - |
| % Net Margin | (53.9%) | 1.9% | 3.8% | (2.4%) | (0.4%) | (6.0%) | - | - | - |
FlipSpaces Technology Labs Pvt. Ltd. - employee data
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