Interior design start-up Flipspaces has acquired Renomania, a platform for end customers to comprehensively discover and engage with architects, interior designers and brands. The acquisition is a 100% sale of the platform’s assets, database and all technology and intellectual property (IP), Flipspaces said in a statement Thursday.
The company did not disclose the value of the deal. Renomania, founded by Navneet Malhotra and Ritu Malhotra, has developed a web-based platform for architects, interior designers and contractors, who are present on the platform with their detailed portfolio including their vast body of work , for end customers to interact and engage. with. Kunal Sharma, Founder and CEO of Flipspaces, said, “Renomania’s technology provides an impetus to further evolve Flipspaces’ design technology stack to provide a signature platform for our design and vertical construction where we can partner with interior designers and architects to create a global consumer-oriented interior design and product delivery platform. ”Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu and Ritesh Ranjan, Flipspaces focuses on the multi-billion interior design and construction market in India and the US.
Flipspaces is currently backed by CarpeDiem, a growth-stage private equity fund and consortium led by Prashasta Seth, ex-CEO, IIFL AMC.
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