About FlyRobe
FlyRobe is a company based in Mumbai (India) founded in 2015 was acquired by Rent It BAE in November 2019.. FlyRobe has raised $10.85 million across 4 funding rounds from investors including Rent It BAE, SilverCrest and Sequoia Capital. The company has 143 employees as of April 07, 2024. FlyRobe operates in a competitive market with competitors including Pink Peacock, 101 Hues, TouteStudio, Get It Dress and Iojo, among others.
- Headquarter Mumbai, India
- Employees 143 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Abh Softech Private Limited
- Date of Incorporation 11 May, 2015
- Jurisdiction Nashik, Maharashtra, India
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Annual Revenue
$235.37 K (USD)-88.59as on Mar 31, 2021
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Net Profit
$-53.07 K (USD)93.96as on Mar 31, 2021
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EBITDA
$86.66 K (USD)112.41as on Mar 31, 2021
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Total Equity Funding
$10.85 M (USD)
in 4 rounds
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Latest Funding Round
$60.34 K (USD), Angel Round
Mar 04, 2024
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Investors
Rent It BAE
& 19 more
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Employee Count
143
as on Apr 07, 2024
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Acquired by
Rent It BAE
(Nov 27, 2019)
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Leadership Team
2 people
Co Team
1 people
Software Development Team
1 people
CSA Team
1 people
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Funding Insights of FlyRobe
FlyRobe has successfully raised a total of $10.85M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $60.34 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Angel Round — $60,342
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First Round
First Round
(01 Jul 2016)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Angel Round - FlyRobe | Valuation |
investors |
|
| Aug, 2018 | Amount | Series A - FlyRobe | Valuation | Sequoia Capital | |
| Aug, 2016 | Amount | Series A - FlyRobe | Valuation | IDG Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FlyRobe
FlyRobe has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Rent It BAE, SilverCrest and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Venture capital support is provided to seed and early-stage startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FlyRobe
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FlyRobe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flyrobe Comparisons
Competitors of FlyRobe
FlyRobe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pink Peacock, 101 Hues, TouteStudio, Get It Dress and Iojo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides Hindi news updates, government job alerts, and various articles online.
|
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| domain | founded_year | HQ Location |
Provides rental of designer Indian outfits like lehengas and gowns for events.
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| domain | founded_year | HQ Location |
Runs a direct-to-consumer brand offering rentals of ethnic and bridal wear.
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| domain | founded_year | HQ Location |
Operates an online platform for renting traditional attire with convenience and variety.
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| domain | founded_year | HQ Location |
An online platform for renting women's apparel and accessories.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flyrobe
Frequently Asked Questions about FlyRobe
When was FlyRobe founded?
FlyRobe was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is FlyRobe located?
FlyRobe is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of FlyRobe?
Aanchal Saini is the current CEO of FlyRobe.
Is FlyRobe a funded company?
FlyRobe is a funded company, having raised a total of $10.85M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.29M, raised on Jul 01, 2016.
How many employees does FlyRobe have?
As of Apr 07, 2024, the latest employee count at FlyRobe is 143.
What is the annual revenue of FlyRobe?
Annual revenue of FlyRobe is $235.37K as on Mar 31, 2021.
What does FlyRobe do?
FlyRobe was established in 2015 in Mumbai, India, within the fashion rental sector. An online platform is maintained for renting branded apparel and designer wear across categories for both men and women. Logistics operations are handled internally by the company. Offline stores are operated in select cities across India to support accessibility.
Who are the top competitors of FlyRobe?
FlyRobe's top competitors include TouteStudio, Pink Peacock and 101 Hues.
Who are FlyRobe's investors?
FlyRobe has 20 investors. Key investors include Rent It BAE, SilverCrest, Sequoia Capital, Chiratae Ventures, and STRIVE.
What is FlyRobe's valuation?
The valuation of FlyRobe is $22.13M as of Aug 2018.