Flipspaces is a virtual reality-powered commercial design and build venture founded in 2015. It has developed a proprietary technology suite called Vizworld, which comprises a product discovery platform, VR and gamification-enabled design visualizer, and an integrated design and project management system. Vizworld allows Flipspaces to streamline the design and build process, enabling better control over cost, quality, and timelines. The company has executed over 600 projects spanning over 6 million square feet in India and the US as of 2022.
Flipspaces enjoys a competitive advantage due to its unique position in the commercial design and build landscape, the size of mandates it executes, and the gross margins it commands. Its robust unit economics have allowed the company to scale the business profitably, even at the EBITDA level. Flipspaces boasts a long repertoire of repeat clients, including The Address, No Broker, Opulence, Times Group, Aditya Birla, InstaOffice, Nivea, Oppo, P&G, Reebok, Royal Enfield, and Razorpay.
In May 2022, Flipspaces acquired Renomania, a platform for end customers to discover and engage with architects, interior designers, and brands. This acquisition aimed to further evolve Flipspaces' design technology stack and create a global consumer-facing interior design and product supply platform.
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