Archive · 25 Sep 2025
Carpediem Capital Exits Flipspaces Investment with 9x Returns
Carpediem Capital, a company that invests in other businesses, sold its investment in a commercial design company called Flipspaces in August 2025.
This resulted in Carpediem making nine times the amount they originally invested.
Carpediem initially invested in Flipspaces in December 2018.
Flipspaces has grown a lot, expanded into the US, and now has a valuation of $120 million.
This successful exit helps Carpediem Capital show that it makes profitable investments.
Flipspaces has worked with over 1,000 clients, including Tata Consultancy Services.
Carpediem Capital exited its investment in Flipspaces in August 2025.
The exit generated a 9x return on investment for Carpediem Capital.
Carpediem initially invested in Flipspaces during its Series A round in December 2018.
Flipspaces' valuation was approximately $120 million during its Series C funding.
Flipspaces expanded into the US market, which contributes to about 20% of total revenues.
- Who
- Carpediem Capital exited its investment in Flipspaces.
- What
- Carpediem Capital sold its stake in Flipspaces through a secondary sale.
- When
- August 2025 (exit completed); December 2018 (initial investment)
- Where
- Mumbai, India (Carpediem Capital); US Market (Flipspaces expansion)
- Why
- To realize a return on investment and strengthen Carpediem's fund performance.
- Investor
- Carpediem Capital
- Company
- Flipspaces
- Investment Round
- Series A and Series C
- Exit Return
- 9x return on invested capital
- Internal Rate of Return
- 40%
- Company Valuation
- $120 million
- Flipspaces Revenue Growth
- 11-fold
- Employee Count
- 400