Iron Pillar leads $35-mn round in Flipspaces
Summary
The company also aims to strengthen its technology stack and brand leadership, while exploring inorganic growth opportunities in new geographies and adjacent verticals. VCCircle had exclusively reported earlier that Flipspaces was in talks to raise fresh capital.Flipspaces has scaled to $40 million in revenue in a capital-efficient manner. With their tech-first platform spanning design, supply chain, and project management, we believe they are well-positioned to build a leading franchise across India, the GCC, the US, and other global markets, and to establish a large, enduring company, Ananthakrishnan added.Traditional players offer fragmented services, with limited transparency in cost, timelines, and quality. The round was led by Prashasta Seth, former CEO of IIFL Asset Management Ltd, along with other family offices and funds.We continue to be extremely bullish about Flipspaces. We think that the best years of Flipspaces are ahead as it ramps up its supply chain and technology, said Prashasta Seth, founder of Prudent Investment Managers.