India, May 7 -- Interior design startup Flipspaces has raised $35 Mn (INR 295.8 Cr) in a mix of primary and secondary capital led by Iron Pillar.

The round also saw early investor Carpediem making an exit, while existing investor Prudent Investment Managers and Synergy Capital joined the fundraise.

The startup plans to use the fresh capital to expand its operations in India, US and UAE, enhance technology and strengthen the brand. It also aims to explore acquisitions in newer markets.

Founded in 2011 by Kunal Sharma, Ankur Muchhal, Vikash Anand and Mrinal Sharma, Flipspaces offers a tech-first, end-to-end platform for commercial interiors, aimed mainly at small and medium businesses (SMBs). It competes with the likes of Livspace, HomeL...