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Flyrobe is an on-demand fashion rental platform based in Mumbai, India, that provides premium ethnic and western wear for various special occasions and events. The company operates a subscription-based rental model where customers can retain garments for three-day periods, paying between 10 and 20 percent of the original retail price alongside a refundable security deposit. To supply its diverse inventory, the platform partners directly with notable designers and apparel brands such as Ritu Kumar and Masaba Gupta, while utilizing 5asec for dry cleaning services. The enterprise has successfully raised over $7 million in total equity funding to date, which includes a $5.3 million Series A financing round backed by prominent institutional investors like IDG Ventures and Sequoia Capital. Flyrobe was officially founded in October 2015 by Shreya Mishra, Pranay Surana, and Tushar Saxena.
Flyrobe has raised $5.2M across 1 funding round.
Flyrobe has raised $5.2M in total across 1 funding round.
Flyrobe has raised $5.2M in total across 1 funding round.
Flyrobe's investors include IDG Ventures, LEON SEYNAVE, Vijay Shekhar Sharma, GREE Ventures, Abheek Anand.
Flyrobe has raised $5.2M across 1 funding round. Most recently, it raised $5.2M Series A in August 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 31, 2016 | $5.2M Series A | IDG Ventures | Leon Seynave, Vijay Shekhar Sharma, Gree Ventures, Abheek Anand | Announced |