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Flipspaces

Real Estate · Mumbai, India · Founded 2011

Established in 2015 by Kunal Sharma and Ankur Muchhal, Flipspaces operates as a technology-enabled venture specializing in the interior design and build market. Sharma, an alumnus of IIT Bombay, and Muchhal, a graduate of IIT Roorkee, both brought prior entrepreneurial experience to the firm. Sharma previously founded and sold a logistic-tech startup, while Muchhal had experience in consulting and real estate. Their combined expertise in technology, analytics, and real estate laid the groundwork for the company's approach to disrupting the traditionally fragmented interior design sector. The company targets commercial real estate, including offices, retail spaces, and hospitality venues such as hotels and restaurants. Flipspaces’ business model integrates design, product supply, and project execution, offering a single point of contact for clients. Revenue is generated through fees for these bundled services, covering the entire project lifecycle from initial concept to final handover. A significant part of its strategy involves catering to businesses in the US market, which now accounts for a substantial portion of its revenue. At the core of its operations is a proprietary technology suite. One key product is VIZSTORE, a virtual reality tool that allows clients to experience and customize their future space in a 3D environment before any physical work begins. This platform helps bridge the gap between client expectations and the final outcome. The company also utilizes software for managing project workflow and supply chains, aiming to standardize processes and ensure timely delivery. This technology-first approach to commercial interior design and build allows for greater cost transparency and efficiency for its clients, who range from startups to established enterprises looking to create or remodel their physical environments. Keywords: interior design, commercial real estate, design and build, property technology, virtual reality design, office interiors, retail design, project management, furniture supply, US market