Interior design tech startup, Flipspaces announced that it has raised $2 million in a pre-Series B round from a consortium led by Prashasta Seth, Ex-CEO, IIFL AMC. The round saw participation from family groups and HNIs. Flipspaces is also backed by Carpediem Capital, a growth-stage PE fund for mid-sized ventures.
Flipspaces will use the funds to focus on the US vertical, which has seen 25X growth in a year, and expand its new SAAS vertical.