Interior-Design-Tech Venture, Flipspaces has expanded its tech-enabled offering of Interior Design products and Services in the US market successfully. Over the last 4 quarters, Flipspaces claims to have grown 350% in the US market and is now profitable at the EBITDA level in the geography.
Entering the US markets has allowed Flipspaces to play out a global thesis, expand its market size (USD 100 Billion US market size), and improve on the margin profile of the business. The venture now has a fully functional presence with an office in New York City and is looking to expand presence to Texas and California soon.
At the core of all offerings is their global-first proprietary technology suite called VizWorld which creates efficiency at every level of workflow including design, product fulfilment, and project management.