Flipspaces turns profitable at an EBITDA level, with 2X YoY growth in India & US this fiscal

Interior design-tech venture Flipspaces recently announced that it is now profitable at an overall EBITDA level. According to the leadership, this is a significant milestone for the new-age interior-design-tech startup, which is focused on becoming a global one-stop-shop for commercial design and build. It is one of the first ventures to be able to do so in the category of funded new-age startups focussed on tech-enabled interior design.

The venture has seen robust revenue growth through the years of the pandemic and the growth rate has improved with the go-back-to-work drive over the last year with the trend expected to continue. It is reflected in the audited numbers and FY24 projections.