New Delhi, July 23 -- Commercial interior design-and-build startup Flipspaces is stepping up its international expansion as it looks to scale its business across key overseas markets following its latest fundraise, a senior executive told VCCircle.

The company is targeting revenue of around Rs 700 crore in FY27 after closing FY26 at nearly Rs 500 crore, broadly in line with its earlier guidance, Ritesh Ranjan, co-founder and head of product, said.

"We landed close to that only. plus or minus 10%. We are targeting somewhere around Rs 700 crore this time around," Ranjan said, adding that it typically takes about six months for the company to establish local teams, partnerships and go-to-market operations before a new international market begins contributing meaningfully.

Founded in 2015, Flipspaces provides end-to-end commercial interior design-and-build services for enterprises and SMEs. It operates across India, the US and the UAE, with commercial office projects accounting for the bulk of its business. Following its latest funding round, the company plans to continue investing in international expansion and technology.

The growth plans come after Flipspaces raised $50 million (around Rs 440 crore) in an expanded Series C funding round from UAE-headquartered CE-Invests, the strategic investment platform of Crescent Enterprises, Singapore-based Panthera Growth Partners and Japan's SMBC Asia Rising Fund.

The company is currently prioritising expansion in the UAE, where it has already completed several commercial projects since entering the market. It is also widening its presence across the US, where it is expanding beyond its initial operating regions into newer geographies.

Ranjan said building a new market requires more than setting up a sales presence. The company hires local talent, onboards contractor partners and adapts its design approach to local customer preferences before scaling operations.

International markets are expected to contribute a larger share of Flipspaces' business over the coming years. India currently accounts for roughly 80% of the company's revenue, although Ranjan said the US business is growing rapidly and could match the domestic business much sooner than initially anticipated.

"The US is the largest market. this year, it might equal India revenue," he said, citing the company's maturing supply chain and project execution capabilities in the country.

Despite increasing investments in expansion, Flipspaces expects to remain profitable.

"There would be a slight dip, but we will still keep our heads above water in terms of profitability," Ranjan said, adding that margins are expected to improve as operations scale in newer markets.

Technology drives execution

Alongside its overseas expansion, Flipspaces is continuing to invest in its proprietary technology platform, which the company says has evolved from a visualisation tool into the operating backbone of its business.

Ranjan said the company's initial focus was solving one of the biggest pain points in commercial interior design to help customers visualise multiple design options before construction began. That technology later expanded into a broader platform that manages design workflows, project execution and customer collaboration.

"Our vision is that every day when a person logs in, they start with (our) Vizdom (platform). Their day-to-day operations should happen on that platform," he said.

The platform allows customers to review design iterations, monitor project milestones and track construction progress through a client dashboard. Engineers on project sites upload geo-tagged photographs at regular intervals, enabling project managers and customers to monitor execution remotely and identify quality issues at an early stage.

Ranjan said the company is also building AI-powered capabilities to improve customer experience and operational efficiency as Flipspaces scales across geographies. Rather than serving as a standalone technology product, the company's software is designed to support every stage of project execution, from design and procurement to delivery.

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