Flipspaces, an interior design and build startup has raised $1.5 million (approx INR 8 crore) in venture debt funding round from Unitus Capital Inclusive Credit and Alex Group, reported Mint.
The platform Flipspaces will put the infused capital to grow domestic business units, expanding their footprint globally, and enhancing Virtual Reality (VR) technology for better consumer experience.
Kunal Sharma, CEO of Flipspaces said, “We plan to expand to three more business units in India and upscale our business operations to two cities in the US and deliver a differentiated customer experience through cutting-edge web and VR technology.”
Flipspaces was founded by Kunal Sharma and Ankur Muchhal in 2015. The platform Flipspaces offers a one-stop solution for discovery, design, and delivery of commercial spaces for small and medium enterprises (SMEs), startups, and co-working spaces.
The startup Flipspaces provides a tech-enabled approach through its technology suite, powered by VR and a tech-based gaming engine.
As per its LinkedIn page, Flipspaces also helps prospective customers discover a property mapped to their needs using a consultative approach at the discovery stage.
While, as per Flipspaces, it is a profitable and capital-efficient brand.
“Unlike other brands, we can afford to leverage debt as an instrument for growth,” claims Sharma.