About FlyRobe
FlyRobe is a Retail company based in Mumbai (India) founded in 2015, and was acquired by Rent It BAE in November 2019. Multi-category fashion products are rented online for men and women. 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. FlyRobe was last valued at $22.13 million in August 2018. Its chief executive, as recorded, is Aanchal Saini. Its website flyrobe.com draws about 56 thousand monthly visits. Its Indian entity Abh Softech Private Limited reported revenue of ₹1.75 Cr. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Apparel. Its competitors include Pink Peacock, 101 Hues and TouteStudio.
Company details
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.
- Headquarters Mumbai, India
- Employees 143
- Stage Acquired
- SectorsRetail
- Website flyrobe.com
- Social LinkedIn X Facebook
- Acquired by Rent It BAE (Nov 2019)
- Legal Name Abh Softech Private Limited
- Date of Incorporation 11 May, 2015
- Jurisdiction Nashik, Maharashtra, India
- Annual Revenue₹1.75 Cr
FY 2021 · -89% YoY
- Net Loss-₹39.5 Lakh
FY 2021 · -23% margin
- EBITDA₹64.4 Lakh
FY 2021 · 37% margin
- Total Equity Funding$10.85M (USD)
in 4 rounds
- Latest Funding Round$60.34K (USD), Angel Round
Mar 2024
- InvestorsRent It BAE
& 19 more
- Employee Count143
- Acquired byRent It BAE
(Nov 2019)
Associated legal entities of FlyRobe
FlyRobe is associated with 2 registered companies on The Company Check; the primary company is Abh Softech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Abh Softech Private Limited CIN U72900MH2015PTC264331 | Amalgamated | 11 May 2015 | Nashik, Maharashtra | ₹1.8 Cr | 143 | 3 | View details |
| Aark World Private Limited CIN U74999DL2016PTC299575 | Active | 12 May 2016 | New Delhi, Delhi | ₹2.1 Cr | 3 | View details |
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 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 $10.85M
- Total Rounds 4
- Last Round Angel Round — $60,342
- First Round $1.7M
(Jul 2016)
- Investors Count 19
All 4 funding rounds of FlyRobe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $60,342 | Angel Round | – | – | |
| Aug 2018 | $3.79M | Series A | $22.13M | Sequoia Capital | |
| Aug 2016 | $5.29M | Series A | $17.35M | IDG Ventures | |
| Jul 2016 | $1.7M | Seed | – | Sequoia Capital |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2018 | $22.13M | •••••••• |
| Aug 2016 | $17.35M | •••••••• |
Last known valuation $22.13M (Aug 2018). 20 investors in total: 8 institutional and 12 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital fund focused on seed-stage startups | chiratae.com | Bengaluru, India | ||
Venture capital support is provided to seed and early-stage startups. | strive.vc | Minato City, Japan | ||
Tech focused Venture Capital firm investing globally | idgventures.com | San Francisco, United States | ||
Investments in travel tech startups are managed by Lasmer. | lasmernv.tcc.mode | Singapore, Singapore | ||
Manufactures fine tailored and hybrid clothing for international brands. | 1995 | silvercrest.in | Bengaluru, India | |
Diversified operations are conducted across multiple industries by Tandon Group. | tandongroup.com | Mumbai, India | ||
SM Shreya Mishra | Co-founder of SolarSquare, active angel investor in Indian startups | unknown_7d76510a2a6a4eb2b | ||
PA Pranay Ashok Surana | Angel investor, tech enthusiast, supporting early-stage Indian startups | unknown_76374c8c29fe4d19b | ||
VS Vijay Shekhar Sharma | Founder of Paytm, leading Indian fintech innovator and active angel investor | unknown_e6c73f546c584afcb |
Investor details for FlyRobe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Abh Softech Private Limited (FlyRobe)
Abh Softech Private Limited is the primary company behind FlyRobe. The boards of the 2 registered companies of FlyRobe currently have 6 directors; the longest-serving is Aanchal Saini, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aanchal Saini DIN 07484207 | Director | 12 May 2016 | 10 yrs 5 mo | Aark World Private Limited |
| Karandeep Singh Gujral DIN 06846263 | Director | 30 Sep 2018 | 8 yrs | Aark World Private Limited |
| Jaspreet Singh Gujral DIN 07582901 | Director | 30 Sep 2018 | 8 yrs | Aark World Private Limited |
| Nishit Vijaygopal Atal DIN 05179430 | Director | 30 Nov 2022 | 3 yrs 10 mo | Abh Softech Private Limited |
| Prashant Mohanlal Bagmar DIN 00356475 | Director | 30 Nov 2022 | 3 yrs 10 mo | Abh Softech Private Limited |
| Ritesh Dharmapal Hansawani DIN 07753380 | Director | 30 Nov 2022 | 3 yrs 10 mo | Abh Softech Private Limited |
People of FlyRobe
5 people are tracked at FlyRobe (3 in leadership, 2 in team); the tracked headcount is 143.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Karan Gujral | Co-founder & CTO | Leadership |
| Chief Operating Officer | Leadership | |
Jeff Kapoor | Software Engineer | Team |
Farhin Ansari | CSA | Team |
Complete people profiles for FlyRobe
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of FlyRobe
Figures of Abh Softech Private Limited, the primary company behind FlyRobe, for FY 2021. Revenue was ₹1.75 Cr (-89% year on year). Net loss was -₹39.5 Lakh (-23% margin). EBITDA was ₹64.4 Lakh (37% margin). Revenue has grown at a compounded annual rate of -40% over three years and +31% over five years.
- ₹1.75 CrRevenue · FY 2021 · -89% YoY
- -₹39.5 LakhNet loss · -23% margin
- ₹64.4 LakhEBITDA · 37% margin
- ₹1 LakhPaid-up capital
- 143Employees (provident fund records)
- -40%Revenue CAGR, 3 years
- +31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Abh Softech Private Limited are on its company page.
Detailed financial statements for FlyRobe
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of FlyRobe
5 dated milestones of FlyRobe across 9 years, from founding to its latest funding, stage changes and deals.
- Founded FlyRobe is founded.
- Funding First funding round of $1.7M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Rent It BAE.
- Funding Latest funding round, Angel Round, of $60K.
Competitors of FlyRobe
FlyRobe has 3 listed competitors in our database. They include Pink Peacock, 101 Hues and TouteStudio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pinkpeacock.co.in | 2017 | Jaipur, India | Provides Hindi news updates, government job alerts, and various articles online. | |||
| 101hues.com | 2016 | Ahmedabad, India | Provides rental of designer Indian outfits like lehengas and gowns for events. | |||
| toutestudio.com | 2019 | Bengaluru, India | Runs a direct-to-consumer brand offering rentals of ethnic and bridal wear. |
Detailed competitors of FlyRobe
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of FlyRobe
The website of FlyRobe (flyrobe.com) receives about 56K visits a month.
- Monthly visits56K
▲ 33.8% vs previous month
Websites whose visitors overlap most with FlyRobe. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rentanattire.com | 100% | 19.7K | #1,118,619 | View details | |
| infinitimall.com | 100% | #1,268,063 | View details | ||
| datetheramp.com | 96% | 34.4K | #756,524 | View details | |
kuroindia.in | kuroindia.in | 96% | #481,073 | – | |
candidmen.in | candidmen.in | 95% | #350,514 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for FlyRobe
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as FlyRobe (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Flyrobe
Complete news archive for FlyRobe
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about FlyRobe
FlyRobe was founded in 2015 and raised its 1st funding round 1 year after it was founded.
FlyRobe is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Aanchal Saini is the CEO of FlyRobe, as recorded in our data.
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 Seed of $1.7M, raised on Jul 2016.
FlyRobe has 143 employees.
The primary company behind FlyRobe, Abh Softech Private Limited, reported revenue of ₹1.75 Cr for FY 2021, down 89% year on year.
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.
FlyRobe's top competitors include TouteStudio, Pink Peacock and 101 Hues.
FlyRobe has 20 investors. Key investors include Rent It BAE, SilverCrest, Sequoia Capital, Chiratae Ventures, and STRIVE.
The valuation of FlyRobe is $22.13M as of Aug 2018.
FlyRobe is associated with 2 legal entities: Abh Softech Private Limited, Aark World Private Limited.
Yes. FlyRobe was acquired by Rent It BAE in November 2019.