Flipspaces, a Mumbai-based tech-enabled commercial interior design and build startup, has raised $1.15 million (Rs 8 Crore) in a venture debt funding round from Unitus Capital Inclusive Credit (UCIC) and Alex Group of Companies.
Flipspaces said it will utilise the funds towards the growth of domestic business units, expansion of its foothold globally, and enhancement of VR technology for better consumer experience.
Kunal Sharma, CEO and Founder, Flipspaces, said,“We at Flipspaces aim to establish ourselves as a de facto brand for the real estate expansion management of commercial spaces across different SMEs.
As an investor, we are impressed by the unique competitiveness of Flipspaces,” said Prannay Sureka, Managing Director, Alex Group of Companies.
Flipspaces had earlier secured $3.5 million from Carpediem Capital in Series A funding in January 2019, which was the first institutional funding received by the startup. | To read full story, visit https://startuparound.com/read/1574334019.4021716/[Funding-alert]-Interior-design-startup-Flipspaces-raises-$1.15M-in-debt-from-UCIC-and-Alex-Group-of-Companies?ref=audio_experience