BDA advises Flipspaces on capital raise from Crescent Enterprises, Panthera, and SMBC Asia

BDA Partners (“BDA”) is pleased to announce that its client Flipspaces, a leading tech-led commercial interior design & build venture, has completed its Series C capital raise.

In May 2025, Flipspaces raised capital from Iron Pillar and other investors. The latest tranche was led by Crescent Enterprises, Panthera Growth Partners, and SMBC Asia Rising Fund. The transaction includes both a primary capital infusion, and a secondary exit for existing financial investor Carpediem Capital and several angel investors.

This investment will accelerate Flipspaces’ growth across India, the US, and the UAE, and strengthen technology and brand leadership. Flipspaces will explore inorganic growth in new geographies and adjacent categories.

BDA was the exclusive financial advisor to Flipspaces on the transaction. Terms of the transaction were not disclosed.

Flipspaces’ tech-first platform streamlines design and build operations, accelerating project timelines and enhancing client experience. Its proprietary tools include VizWalk for immersive space visualization before execution, Vizcart for a curated product catalogue with a back-integrated supply chain including Vietnam, and Vizdom for real-time, remote site monitoring for clients.

This model has enabled Flipspaces to profitably deliver 8 million sq ft of commercial space for a thousand brands across India and the US, positioning it as a strategic partner for enterprises, small and medium businesses, and coworking firms.