Indian VR-based interior design startup Flipspaces expands to the US
- Flipspaces, the interiors discovery, design and build startup, launched an operation centre in Boston.
- The company is targeting the $100 billion US commercial design and build market and aims to scale up its operations in the next two years.
- In November 2019,
Flipspaceshad raised $1.5 million in venture debt funding.
AdvertisementFlipspaces, the interiors discovery, design and build startup, launched an operation centre in Boston. It plans to expand to five cities in the US, soon.
“Since the US demography is willing to pay a premium for technology-enabled design services, the design only revenues specifically can be targeted in the US territory which forms an additional layer above the build and product supply revenues,” said Kunal Sharma, CEO and founder of Flipspaces.
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The company is targeting the $100 billion US commercial design and build market and aims to scale up its operations in the next two years.
Flipspaces is focusing on the East Coast market, and has already signed five commercial space projects. The startup also brought brokers, architects and designers onboard.
In India, the startup has operations in Mumbai, Delhi and Bengaluru.
In November 2019, Flipspaces had raised $1.5 million in venture debt funding from Unitus Capital Inclusive Credit and Alex Group. It had also raised $3.5 million from Carpediem Capital in January 2019.
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