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
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- 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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People of FlyRobe
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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 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.
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.
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Sequoia Capital is engaged in venture capital investments.
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Venture capital fund focused on seed-stage startups
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Venture capital support is provided to seed and early-stage startups.
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Investor details for FlyRobe
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Investments & Acquisitions by FlyRobe
Investment portfolio details for FlyRobe
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Financial Statements - FlyRobe
Detailed financials for FlyRobe
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Flyrobe Comparisons
Peer comparison for FlyRobe
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides Hindi news updates, government job alerts, and various articles online.
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Provides rental of designer Indian outfits like lehengas and gowns for events.
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Runs a direct-to-consumer brand offering rentals of ethnic and bridal wear.
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Operates an online platform for renting traditional attire with convenience and variety.
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An online platform for renting women's apparel and accessories.
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Detailed competitors of FlyRobe
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Latest news on Flyrobe
Complete news archive for FlyRobe
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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 current CEO of FlyRobe.
FlyRobe is a funded company, having raised a total of $10.85M across 4 funding rounds to date.
As of Apr 07, 2024, the latest employee count at FlyRobe is 143.
Annual revenue of FlyRobe is $235.37K as on Mar 31, 2021.
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.