FlyRobe - About the company
FlyRobe is an acquired company based in Mumbai (India), founded in 2015 by Pranay Ashok Surana, Shreya Mishra and Tushar Saxena. It operates as an Online rental platform for fashion products. FlyRobe has raised $10.8M in funding from Sequoia Capital and IDG Ventures, with last known valuation of $*****. The company has 3 active competitors, including 1 that has exited. Its top competitors include companies like Pink Peacock, 101 Hues and TouteStudio.
Company Details
FlyRobe is an online rental platform for multi-category fashion products for both men and women. Its catalog includes branded apparel as well as designer wear. Logistics is handled by FlyRobe. The company also operates offline stores in select Indian cities.
- Website
- flyrobe.com
- Social
- Registered Address
- 1/2 Ground Floor, Sumangal Heights, Sadhu Vasavani Road, Holaram Colony, Nashik, Nashik, Nashik, Maharashtra, India, 422001
Key Metrics
Founded Year
2015
Location
Mumbai, India
Stage
Acquired
Total Funding
$10.8M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Nov 27, 2019
Investors
Ranked
1st among 3 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2023
Employee Count
100 as on May 31, 2026
Exit Details
Acquired by Rent It BAE (Nov 27, 2019)
Legal entities associated with FlyRobe
FlyRobe is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
AARK WORLD PRIVATE LIMITED CIN: U74999DL2016PTC299575 , India, Active | May 12, 2016 | $0 - $1M (As on Mar 31, 2023) | - | |
ABH SOFTECH PRIVATE LIMITED CIN: U72900MH2015PTC264331 , India, Amalgamated | May 11, 2015 | $0 - $1M (As on Mar 31, 2022) | 129 (As on Feb 28, 2019) |
FlyRobe's acquisition details
FlyRobe got acquired by Rent It BAE on Nov 27, 2019 at an acquisition amount of $*****.
Click here to take a look at FlyRobe's acquisition in detail
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FlyRobe's funding and investors
FlyRobe has raised a total funding of $10.8M over 4 rounds. Its first funding round was on Aug 11, 2015. Its latest funding round was a Angel round on Mar 04, 2024 for $*****. 1 investor participated in its latest round. FlyRobe has 10 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of FlyRobe:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 04, 2024 | 5845790 | Angel | 4703492 | 1009624 | 2391756 | 3756689 |
Aug 24, 2018 | 7533910 | Series A | 3593424 | 1387351 | 4844791 | |
Aug 13, 2016 | 4507619 | Series A | 5097755 | 8639564 |
Access funding benchmarks and valuations. Sign up today!View details of FlyRobe's funding rounds and investors
FlyRobe's founders and board of directors
Founder? Claim ProfileThe founders of FlyRobe are Pranay Ashok Surana, Shreya Mishra and Tushar Saxena. Aanchal Saini is the CEO of FlyRobe.
Here are the details of FlyRobe's key team members:
- Pranay Ashok Surana: Former Co-Founder of FlyRobe. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Shreya Mishra: Former Co-Founder & CEO of FlyRobe. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Tushar Saxena: Former Co-Founder of FlyRobe.
- Aanchal Saini: Co-Founder & CEO of FlyRobe. They serve on the board of 1 company.Contact Info: 1 email address
FlyRobe's Board of Directors
FlyRobe's board has 5 active members. Pranay Ashok Surana is part of team and Prashant Mohanlal Bagmar, Nishit Vijaygopal Atal, Ritesh Dharmapal Hansawani and Rakesh Phirthu Yadav are independent board members.Here is the list of FlyRobe's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 0m | |
ueqqtiw | Team | - | Past | 3y 6m |
Independent board member | - | Current | 3y 5m | |
qjlwotl | Independent board member | - | Current | 5y 3m |
pm{{its | Independent board member | - | Current | 2y 6m |
lflvkci | Independent board member | - | Current | 4y 8m |
View details of FlyRobe's Founder profiles and Board Members
FlyRobe's employee count trend
FlyRobe has 100 employees as of May 26. Here is FlyRobe's employee count trend over the years:
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FlyRobe's Competitors and alternates
Top competitors of FlyRobe include Pink Peacock, 101 Hues and TouteStudio. Here is the list of Top 10 competitors of FlyRobe, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online rental platform for fashion products | $10.8M | 54/100 | ||
2nd | Pink Peacock 2017, Jaipur (India), Unfunded | Online rental platform for ethnic women apparel | - | - | 24/100 |
3rd | Online platform to rent premium fashion apparel | - | - | 24/100 | |
4th | _1551785346752.png?devicePixelRatio=2&height=30&width=30){kind=logo} TouteStudio 2019, Bengaluru (India), Deadpooled | Internet first brand offering rental ethnic and bridal wear | - | - | 21/100 |
5th | Online rental platform for apparel for women | - | - | 17/100 | |
6th | Get It Dress 2015, Indore (India), Deadpooled | Online rental platform for traditional attire | - | - | 15/100 |
7th | The Style Door 2015, Mumbai (India), Deadpooled | Online platform to rent premium ethnic wear dresses for women | - | - | 15/100 |
8th | Dress Like Celebrity 2014, Delhi (India), Deadpooled | Online ethnic fashion rental platform | - | - | 14/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on FlyRobe's competitors? Click here to see the top ones
FlyRobe's Latest cap tables and shareholding
Founders own 36.74%, Funds (largest shareholder) own 52.99%, Enterprises own 2.53% and Angels own 1.37%. The net worth of FlyRobe's founders is INR 56.9Cr as of Aug 24, 2018.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 36.74% | 56.9Cr | 6337232 | 7939171 | 3551681 | 4443212 |
1217147 | 5409075 | 3657198 | 5001409 | 9391044 | 9962832 | |
1465230 | 4013679 | 2492393 | 6923798 | 2960487 | 1227750 | |
41874 | 92318 | 65169 | 88036 | 71343 | 77435 | |
Fund | 52.99% | 82Cr | 1092630 | 7689299 | 9965355 | 9435490 |
9478493 | 6877836 | 8545386 | 5408987 | 2603217 | 8718998 | |
1533780 | 2186216 | 3690165 | 9829513 | 2545195 | 9944438 | |
Enterprise | 2.53% | 3.92Cr | 61 | 89 | 68 | 63 |
Angel | 1.37% | 2.1Cr | 4 | 6 | 1 | 6 |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 6.37% | 9.86Cr | 908558 | 438695 | 439166 | 180530 |
Total | 100.00% | 155Cr | 5215873 | 8072289 | 5909976 | 4213945 |
To unlock detailed Cap Table of FlyRobe Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of FlyRobe's Shareholding
FlyRobe's Investments and acquisitions
FlyRobe has made no investments or acquisitions yet.
Reports related to FlyRobe
Here is the latest report on FlyRobe's sector:
News related to FlyRobe
Filter this list•
Flyrobe Expands to Bilaspur: Your Ultimate Destination for Rental fashionAsian News International•Jan 21, 2025•FlyRobe
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Flyrobe opens first 'alliance store' in partnership with Mumbai rental business Sri SringarrFashion Network•Jul 31, 2024•FlyRobe
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Flyrobe's First Alliance Store: Partners with Sri Sringarr in Ville Parle, MumbaiAsian News International•Jul 30, 2024•Srishringarr, FlyRobe
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ALTBalaji partners with Flyrobe for their recent launch The Married WomanAdgully•Mar 13, 2021•ALT Balaji, FlyRobe
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