In brief: Indian interior design firm nets $3.5m to enhance VR technology

Mumbai-based Flipspaces, a virtual reality-powered design and contracting firm, has raised US$3.5 million from Carpediem Capital. India’s commercial interior design and build market is worth US$5 billion, the company said.

Source: Press release

Founded in 2015, Flipspaces will use the money to enhance its VR tech, expand its product suppliers database, and increase its presence across India.

Through VR, Flipspaces lets its customers experience their interior design choices interactively and make changes on the fly.

The company has executed projects for more than 1.5 million square feet of commercial spaces, including startup offices, co-working spaces, and storefronts.