India, June 26 -- Interior design startup Flipspaces has raised INR 50 Cr ($5.9 Mn) from Asiana Fund as a part of its $35 Mn funding round.

The fundraise also saw participation from Synergy Capital Partners, Iron Pillar and a consortium led by former CEO of IIFL AMC Prashasta Seth.

Flipspaces plans to use the fresh capital to fuel its next phase of growth for expanding its presence across India, the US and UAE, strengthening its proprietary tech stack and enabling strategic acquisitions.

"Asiana team's collective experience of over 10 decades in scaling operations and building customer-centric brands will be invaluable to Flipspaces. Our core team will benefit tremendously from their insights and assistance," said Flipspaces founder an...