Latest news with #AsianaFund
Time of India
26-06-2025
- Business
- Time of India
Asiana Fund invests ₹50 crore in Flipspaces
NEW DELHI: Flipspaces , an interior design firm, has raised ₹50 crore ($5.9 million) from Asiana Fund , as part of Synergy Capital 's investor block. Asiana Fund is sponsored by Jalaj Dani , one of the promoters of Asian Paints . The investment is a part of a recent $35 million funding round, which also saw participation from Synergy Capital Partners, Iron Pillar and Prashasta Seth consortium. The fresh capital will power the company's next phase of growth, expansion across India, the U.S. and the U.A.E.
Entrepreneur
26-06-2025
- Business
- Entrepreneur
Flipspaces Raises INR 50 Cr from Asiana Fund to Accelerate Global Expansion
The round also witnessed participation from Synergy Capital Partners, Iron Pillar, and the Prashasta Seth-led consortium. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Mumbai-based commercial interior design startup Flipspaces has secured INR 50 crore (approximately USD 5.9 million) in fresh funding from Asiana Fund, marking an extension of its USD 35 million funding round announced last month. The round also witnessed participation from Synergy Capital Partners, Iron Pillar, and the Prashasta Seth-led consortium. The newly infused capital will be used to bolster Flipspaces's operations across India, the United States, and the UAE. The company also plans to enhance its proprietary technology platform and explore strategic acquisitions in related sectors to further drive growth. "We're truly impressed by what the founders have built so far—their world-class platform and processes have already transformed dozens of commercial spaces with seamless, tech-driven design and execution. Asiana is proud to back Flipspaces in their next phase of growth and set a new standard in commercial interior design and build," said Jalaj Dani, sponsor of Asiana Fund. Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Ranjan, Flipspaces provides full-stack interior design and execution services for commercial spaces. Its proprietary software platform integrates space planning, 3D virtual walkthroughs, procurement, and turnkey execution under one roof. With operations spanning India, the US, and the UAE, Flipspaces caters to enterprises, startups, and SMEs seeking agile, future-ready workplace solutions. "Asiana team's collective experience of over 10 decades in scaling operations and building customer-centric brands will be invaluable to Flipspaces," said Kunal Sharma, Founder and CEO of Flipspaces. "Our core team will benefit tremendously from their insights and assistance." "We are elated with Asiana Fund joining our investor group," added Apurva Patel, CIO and Managing Partner at Synergy Capital Partners. "We look forward to working closely with Asiana to help Flipspaces achieve its vision."
