New Delhi, Sept. 8 -- Interior design and build firm Flipspaces has raised $50 million (around Rs 440 crore) in its expanded Series C funding round with fresh participation from the UAE-headquartered CE-Invests, the strategic investments platform of Crescent Enterprises, as well as Singapore-based Panthera Growth Partners and Japan-headquartered SMBC Asia Rising Fund.

Flipspaces had earlier attracted investments from Iron Pillar, Synergy Capital Partners and Prashasta Seth. It had raised $35 million (around Rs 300 crore) in its Series C round, which has now been extended to $50 million with the addition of new investors.

The company plans to use the capital to scale the business in India, the US and the UAE, deepen supply chain integration and enhance its proprietary technology stack with AI-led interventions. It is also looking at striking acquisitions in adjacent categories with the fresh capital.

"Flipspaces' ability to scale profitably across India and the USA, while deploying AI and VR to transform a traditional sector, exemplifies the kind of opportunity we are committed to backing. With the UAE as its launchpad for expansion into the wider MENA region, Flipspaces is uniquely positioned to bridge the Asia-UAE-USA innovation corridor," said Ghada Abdelkader, senior vice president of CE-Invests.

Founded in 2015, Flipspaces is an interior-design-and-build venture focusing on commercial real estate. Its proprietary software suite integrates space planning, VR walkthroughs, procurement, and execution into a unified tech platform.

It claims that it has delivered over 1,000 projects covering more than 8 million sq. ft across India, the US and the UAE. Its clientele includes enterprises, startups, and SMEs across sectors such as IT, retail, education, healthcare and financial services.

"As part of SMBC Group's strategic focus on advancing regional economic development, especially in the APAC region, we are exploring partnerships with businesses that could support innovation and efficiency in underserved markets," said Keiji Matsunaga, general manager of the digital strategy department, SMBC.

"By utilising SMBC's customer network and financial functions, we aim to create new value through multifaceted collaboration, including expanding Flipspaces' customer base and providing financial support such as supply chain financing to its partner companies," Matsunaga added.

Published by HT Digital Content Services with permission from VC Circle.