Advisor role assumed by Vertices Partners for FlipSpaces in securing investment from the Asiana Fund
Flipspaces Technology Labs Private Limited, a pioneering platform offering integrated, tech-driven solutions for commercial interiors, has secured a ₹50 crore investment from Asiana Fund I. This investment is an extension of the company's recent ₹250 crore Series B fundraise, also advised by Vertices Partners.
The transaction was led by Vishal Mehta, Partner at Vertices Partners, with additional support from Varun Kaka, Senior Associate, Vidhi Shah, and Stuti Jain, Associates. Vinayak Burman, Founder and Managing Partner of Vertices Partners, provided strategic advice throughout the process.
Founded in 2015, Flipspaces primarily targets Small and Medium Businesses (SMBs), which constitute approximately 60% of the commercial design and build market. The platform spans space design, product supply, and project execution, aiming to streamline the process and make commercial interior solutions more accessible.
The funds from the ₹50 crore investment will be directed toward Flipspaces' global expansion efforts. With this investment, the company aims to expand its footprint and offer its tech-driven solutions to a wider audience.
Asiana Fund I, a leading investment firm, has shown its confidence in Flipspaces' growth potential by investing in the company. This investment marks another milestone in Flipspaces' journey towards becoming a leading player in the commercial interiors market.
Flipspaces was founded by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan. The company's mission is to revolutionise the commercial interiors industry by providing integrated, tech-driven solutions that cater to the needs of businesses of all sizes.
With the strategic guidance of Vertices Partners and the support of investors like Asiana Fund I, Flipspaces is well-positioned to achieve its goals and continue its growth trajectory. The company's focus on innovation, customer service, and quality sets it apart in the competitive commercial interiors market.
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- With the recent ₹50 crore investment led by Asiana Fund I, Flipspaces Technology Labs Private Limited is set to invest in expanding its business globally and making its tech-driven solutions more accessible to a wider audience in the commercial interiors market.
- The strategic guidance provided by Vertices Partners, along with the ₹50 crore investment from Asiana Fund I, positions Flipspaces to further its growth trajectory by revolutionizing the commercial interiors industry with integrated, tech-driven solutions for businesses of all sizes.
