Tag: flyrobe

  • Top 19 Delhi Based Startups | List of Successful Startups in Delhi

    Delhi is making great strides in its journey to become the hottest startup destination in India with more than 1500 startups. The list given below discusses some of the most successful startups in Delhi that are in the process of leaving a lasting impact.

    Before proceeding, if you know about any other startup in Delhi that can or is making a difference, please let us know in the comments below. We would love to cover them in this post.

    You can also go through the list of startups in Lucknow, Gurgaon, and Goa.

    Also readFunding & Investors for your startup.

    List of Startups in Delhi

    1. Zomato
    2. Inshorts
    3. Snapdeal
    4. MobiKwik
    5. Green Cure Wellness
    6. Hike
    7. Collegedunia
    8. Zostel
    9. GoldSeat
    10. Chaayos
    11. Revfin
    12. Dogspot
    13. TrulyMadly
    14. Flyrobe
    15. 3Hcare
    16. Ikka Dukka
    17. Imperial Knots
    18. Wingify
    19. LimeTray

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    Startups in Delhi

    Zomato

    Founders: Deepinder Goyal, Pankaj Chaddah, and Gaurav Gupta
    Founded in: 2008
    Industry: Food Delivery

    Zomato - Startups in Delhi
    Zomato – Startups in Delhi

    Zomato was initially launched as Foodiebay, an online marketplace to search for and review restaurants. As of now, Zomato is the biggest food delivery business in India and is counted among the best organizations across the globe in this domain. If you’re a hardcore foodie, chances are you would have already used Zomato’s services. Zomato is operational in over 20 countries and is adding new destinations to its list with passing time. It has also ventured into events and grocery sourcing for restaurants. With over millions of dollars in funding, the company stood at a valuation of approximately $3.6 billion in 2019 as per HSBC.

    Zomato (Foodiebay) was founded by Pankaj Chaddah, Gaurav Gupta, and Deepinder Goyal in 2008. Deepinder came up with the idea of Foodie bay seeing his colleagues consistently ask for paper menu leaflets of different restaurants for ordering food. The solution was an app which digitized these paper menus and leaflets, making it easier to browse through the menus of different restaurants from the comfort of one’s phone.

    Inshorts

    Founders: Azhar Iqubal, Anunay Arunav, and Deepit Puryakshatha
    Founded in: 2013
    Industry: Media

    Inshorts - Top Startups in Delhi
    Inshorts – Top Startups in Delhi

    Inshorts aggregates trending news from different sites such as the Economic Times, TOI, The Hindu, etc. into crisp 60-words pieces for readers who can’t spare time for detailed news content. Inshorts also provides personalized news based on an individual’s preferences. Its AI engine intuitively understands what you like reading and delivers more of that in a single feed. Inshorts, in short (pun intended), is the perfect solution for a quick dose of the events happening around you. It has received over $20 million in funding from Sachin and Binny Bansal, the founders of Flipkart.

    The trio of Azhar Iqubal, Anunay Arunav, and Deepit Puryakshatha started Inshorts in 2013. Anunay did his M.Tech from IIT Delhi and Deepit did his Master’s from IIT Kharagpur. Azhar, on the other hand, is an IIT Delhi dropout.


    How To Start A Media Company In India
    Do you want to start a media company in India? You need to be aware of the legal procedure and some registration-related requirements that are covered in this StartupTalky post.


    Snapdeal

    Founder: Kunal Bahl
    Founded in: 2010
    Industry: Ecommerce

    Snapedeal - Top Startups in Delhi
    Snapedeal – Top Startups in Delhi

    Snapedeal is one of the biggest startups to have emerged out of Delhi. It was founded by Kunal Bahl in 2010 as a platform for daily deals and coupons. After tasting success, the founder thought of expanding the company further as an online e-commerce store in 2011. Snapdeal received its first round funding in 2011; it was $12 million from Nexus Venture Partners and Indo-US Venture Partners. The company is facing a downfall in sales at the moment. However, it is still counted among the top 10 e-commerce ventures in India.

    MobiKwik

    Founders: Bipin Preet Singh and Upasana Taku
    Founded in: 2009
    Industry: Fintech

    MobiKwik - Top Startups in Delhi
    MobiKwik – Top Startups in Delhi

    MobiKwik is one of the most prominent Indian SaaS startups. MobiKwik is a virtual mobile wallet usable at more than 2,50,000 online and offline avenues. It was founded by the husband-wife duo of Bipin Preet Singh and Upasana Taku. MobiKwik sees an average transaction size of INR 700. The company claims to be growing at a steady rate of 20 percent MoM, which is a tad lower than the growth rate observed during demonetization. The company was bootstrapped with Bipin investing $250,000 of his own. Since then, MobiKwik has received a total of over $115 million through 6 rounds of funding.

    Green Cure Wellness

    Founder: Sanchit Garg
    Founded in: 2015
    Industry: Herbal/Ayurveda

    Green Cure - Top Startups in Delhi
    Green Cure – Top Startups in Delhi

    Green Cure Wellness manufactures herbal personal care items and health care products of international quality. Green Cure has a team of scientists in Germany who develop high-quality formulations which are as per European norms. It has another team of Ayurvedic specialists in India who make sure that these products are in line with Indian needs.

    Green Cure Wellness is a bootstrapped startup. The raw materials are sourced from Germany and Australia from companies with proprietary technology. These ingredients also have international certifications like NPA, Cosmos Ecocert, ISO, WHO-GMP, Kosher, NOP, and HACCP.

    Hike

    Founder: Kevin Mittal
    Founded in: 2008
    Industry: Social Media

    Hike - Top Startups in Delhi
    Hike – Top Startups in Delhi

    Hike is a messaging app-cum-social network. Hike messenger was one of the top social media startups in India. The company was the idea of Kavin Mittal. Kavin Mittal did his master’s from Imperial College, London. He is the son of Bharti Enterprises’ founder and chairman, Sunil Mittal. Hike raised its first funding of $7 million from Bharti and Softbank. It received another $14 million from the same investors. Since then, Hike has raised more than $200 million, mainly from Tiger Global, Tencent, and Foxconn.

    Collegedunia

    Founder: Sahil Chalana
    Founded in: 2014
    Industry: Edtech

    Collegedunia - Top Startups in Delhi
    Collegedunia – Top Startups in Delhi

    Collegedunia is a college search engine helping students find the perfect institution. Collegedunia gathers and maintains information on higher education both in India and abroad. It claims to feature more than 20,000 colleges, institutes, and universities, along with data on one million fees structures on its platform.

    Sahil Chalana started Collegedunia in 2014. Sahil graduated from BITS Pilani. He bootsrapped Collegedunia as a lead generation platform for educational institutes. He then received a funding of INR 1 crore from Umang Kumar.

    Zostel

    Founders: Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda, Varun Tiwari, Chethan Singh Chouhan, and Abhishek Bhutra
    Founded in: 2013
    Industry: Travel

    Zostel - Top Startups in Delhi
    Zostel – Top Startups in Delhi

    Zostel is a Delhi-based startup and India’s first chain of backpackers’ hostels offering secure, hygienic, and pocket-friendly accommodation. It’s the go-to place for wanderlust backpackers on a pocket-friendly budget. Since its inception in 2013, Zostel has expanded its network to cover 20+ Indian cities.

    GoldSeat

    Founders: Gaurav Kapahi and Nishchal Khetarpal
    Founded in: 2016
    Industry: Tech-Entertainment

    GoldSeat - Top Startups in Delhi
    GoldSeat – Top Startups in Delhi

    GoldSeat provides bus travel facilities and WiFi-connectivity on buses. It offers two great ways to access seamless offline entertainment. First, it offers free WiFi to passengers inside the bus. The second way is through a wide collection of movies that travellers can access either on the GoldSeat screens installed in the bus, or on one’s mobile by downloading the GoldSeat app.

    In June 2018, GoldSeat raised $ 3 million in funding. GoldSeat recently collaborated with Railyatri.in for the latter’s ‘Intercity Smart Buses’. It currently offers services to private players across Northern and Western regions, including Lucknow, Ahmedabad, Delhi, and cities in Haryana, Himachal Pradesh, Uttar Pradesh, Uttarakhand, Gujarat, Punjab, Rajasthan, and Karnataka.

    Chaayos

    Founders: Nitin Saluja and Raghav Varma
    Founded in: 2012
    Industry: Food delivery

    Chaayos - Top Startups in Delhi
    Chaayos – Top Startups in Delhi

    Chaayos is an online tea delivery and cafe chain launched out of Delhi. The company focuses on providing authentic beverages at economical prices. Chaayos is for all those ‘Chaifreaks’ (not forgetting the coffee lovers) wanting the best sip out of their cup.

    With Starbucks and Cafe Coffee Day seen as “ameer laundo ki jagah” (Hindi phrase for “place for the rich”), Chaayos ensures that the Indian middle-class population doesn’t feel left out. The company has established its chain of cafes in 6 Indian cities since starting out in 2012.  

    Revfin

    Founder: Sameer Aggarwal
    Founded in: 2018
    Industry: Fintech

    Revfin - Top Startups in Delhi
    Revfin – Top Startups in Delhi

    Revfin is a financial technology (Fintech) startup. Revfin is building the world’s most advanced digital lending platform. The platform will be used to underwrite and manage consumer loans to finance clean technologies through its NBFC.

    Revfin provides two types of loan:
    1. Regular personal loan: This loan can be taken for a variety of purposes and is paid back in equal monthly installments.
    2. RevLoan: An unsecured credit limit that you can use as and when needed. You can withdraw any amount in denominations of  INR 1000 up to your credit limit.

    Investors in Revfin are Harash Jain (CEO, Litejoy International and UK-based businessperson), Anil K Goyal (Founder, Anil K Goyal and Associates), Anil Lanba (Senior Technology Executive, EVP Pyramid Consulting), and Krishan B Singh (Investor based in New York).

    Dogspot

    Founder: Rana Atheya
    Founded in: 2007
    Industry: Ecommerce

    Dogspot | Top startups in Delhi
    Dogspot | Top startups in Delhi

    Online food delivery for people sounds too mainstream, right? Dogspot has disrupted this segment by making it possible for dog owners to have food for their pets ordered online. Dogspot is India’s largest online store for pet supplies. This Delhi-based startup has redefined pet care, making pet ownership as easy as cracking an egg.

    Funded by business tycoons such as Ratan Tata and Ronnie Screwvala, the company has made progress by leaps and bounds.

    TrulyMadly

    Founders: Sachin Bhatia, Hitesh Dhingra, and Rahul Kumar
    Founded in: 2013
    Industry: Dating App

    TrulyMadly | Top startups in Delhi
    TrulyMadly | Top startups in Delhi

    The Indian version of Tinder, Trulymadly is considered the best dating and matchmaking app in India. Unlike Tinder and other dating apps where the results are overwhelmed with hundreds of useless matches, TrulyMadly showcases only up to 10 results. The app requires you to fill up your profile through a series of questionnaires and based on the results, it links you to the ideal partner.

    Flyrobe

    Founders: Shreya Mishra, Pranay Surana, and Tushar Saxena
    Founded in: 2015
    Industry: Fashion

    Flyrobe | Top startups in Delhi
    Flyrobe | Top startups in Delhi

    The startup wanted to do something different. It wanted to explore a niche that wasn’t over-exploited. Flyrobe chose to offer rental of clothes for weddings and other occasions. It has an excellent range on offer, one that’s full of high-quality, reliable material. Flyrobe has also partnered with the big labels like Ritu Kumar, Masaba Gupta, and others. It has achieved a milestone of more than 5,00,000 app downloads.

    3Hcare

    Founders: Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra, and Dr. Gurdeep Singh Ratra
    Founded in: 2016
    Industry: Healthcare

    3Hcare | Top startups in Delhi
    3Hcare | Top startups in Delhi

    3Hcare is an online marketplace for healthcare services. It provides detailed information on the healthcare services available PAN India. User can simply log on to 3Hcare’s website and find diagnostics clinics and hospitals.

    3Hcare provides two services:
    Diagnostics – Over 1500 labs and test centers (NABL accredited) from 50+ locations throughout India.
    Plan My Surgery – An innovation by which patients can plan their surgeries with the best of surgeons at viable costs and schedule. Moreover, a price comparison feature is available, and the patient is also able to seek time- availability and appointment with the best-in-class doctors and hospitals.

    3Hcare received an angel funding of INR 65 lakhs within 11 months of its inception. The funds were used to develop the IT infrastructure and enhance other services. 3Hcare also raised $1 million in its second round of funding.

    Ikka Dukka

    Founders: Enda Noone and Nilisha Kholi
    Industry: Handicrafts

    IkkaDukka | Top startups in Delhi
    IkkaDukka | Top startups in Delhi

    The duo started the company in Delhi with a goal to curate a brand of artistic handicraft to prevent this cultural and heritage skill from fading into oblivion. The two took a sabbatical from work and began working on Ikka Dukka in 2013. Launched in 2014, Ikka Dukka sells exquisite, affordable collection of jewellery starting from INR 1,800. Ikka Dukka also sells home décor and bags. The Delhi startup is up-scaling the popularity of handicrafts.

    Imperial Knots

    Founder: Karan Kholi
    Industry: Textile

    Imperia Knots | Top startups in Delhi
    Imperia Knots | Top startups in Delhi

    Imperial Knots is an e-commerce website selling rugs and carpets. All Imperial Knots products are representative of artistic designs, aesthetic colors, and comfort while offering high standard floor coverings for your homes. The brand offers over 5,000 exclusive designs and is relentlessly creating new designs in line with changing market trends. Its flat weave rugs and hand-tufted modern carpets have attained immense popularity in recent years. The company has tie-ups with various websites such as Pepperfry, Amazon, Urban Ladder, and Ikka Dukka for showcasing its products.

    Wingify

    Founder: Paras Chopra
    Founded in: 2010
    Industry: Software Development

    Wingify | Top startups in Delhi
    Wingify | Top startups in Delhi

    Wingify provides a ‘visual website optimizer’ to assist marketing professionals and increase sales and conversions on their websites using techniques such as A/B testing. Wingify is offering a multivariate testing tool to deal with behavioural targeting, tracking visitors, usability testing, etc.

    LimeTray

    Founder: Akhilesh Bali and Piyush Jain
    Founded in: 2013
    Industry: Information Technology & Services

    Limetray | Top startups in Delhi
    Limetray | Top startups in Delhi

    LimeTray is complete restaurant management platform. It a one-stop shop for everything a restaurant needs to grow, right from the technology to data-driven consulting services. LimeTray makes it easier for restaurants to tap into the customer base that lives online. The startup’s founding team consists of ISB and NSIT alumni with strong-domain knowledge; they built one of the largest online food-ordering portals prior to this venture.

    So this was our list of some successful startups in Delhi. Do share it on your social media profiles and tag us and your favorite startup from this list!

    FAQs

    What are the most successful startups in Delhi?

    Most successful startups in Delhi are listed below:

    • Zomato
    • Inshorts
    • Snapdeal
    • MobiKwik
    • Green Cure Wellness
    • Hike
    • Collegedunia
    • Zostel
    • GoldSeat
    • Chaayos
    • Revfin
    • Dogspot
    • TrulyMadly
    • Flyrobe
    • 3Hcare
    • Ikka Dukka
    • Imperial Knots
    • Wingify
    • LimeTray

    How many startups are there in Delhi?

    There are more than 1500 Startups in Delhi.

    What are the best startups in India?

    Top startups in India are:

    • AirBnB
    • Dunzo
    • Udaan
    • Byju’s
    • Zest Money
    • Cure. Fit
    • Razorpay
    • PharmEasy
    • Nykaa

    What is the best business to start in Delhi?

    Some of the best business to start in Delhi are:

    • Printing Business
    • E- commerce Business
    • Website designing
    • Interior Designing
    • Tutoring

    Which are Delhi based startups that became Unicorn?

    Delhi based startup that joined Unicorn club are:

    • Lenskart
    • BharatPe
    • GlobalBees
  • Flyrobe Startup Story – Rent your dream outfit from India’s largest beloved apparel rental firm

    We hope to look well and feeling positive in this ever-changing world. This has instilled in us the desire to set newer standards daily. This time, we present to you the intriguing business model of “Flyrobe” that will fascinate you. Flyrobe is an apparel rental firm with the mantra “rent, wear, repeat.”

    Let’s dive deep into the story:

    About Flyrobe
    Flyrobe – Latest News
    Flyrobe – Founders
    Flyrobe – Startup story
    Flyrobe – Vision, and Mission
    Flyrobe – Tagline and Logo
    Flyrobe – Business model
    Flyrobe – Revenue model
    Flyrobe – Startup Challenges
    Flyrobe – Funding & investors
    Flyrobe – Mergers and Acquisitions
    Flyrobe – Awards and Achievements
    Flyrobe – Competitors
    Flyrobe – Fture Plans
    FAQ

    About Flyrobe

    Flyrobe is an apparel rental firm that allows you to rent designer outfits for a reasonable price. It offers a wide range of products for men and women, including ethnic wear, premium apparel, and accessories. It lets you rent high-end clothing and accessories and arranges garments from brands like Ritu Kumar and Masaba Gupta.

    It has a presence in ten of India’s most populous cities. Flyrobe serves approximately 12 cities through e-commerce means such as an online portal and iOS and android mobile apps. The company’s headquarters is located in New Delhi’s Rajouri Garden.

    Startup Name Flyrobe
    IPO Status Private
    Operating Status Active
    Company Type For-Profit
    Sector Fashion, Liftestyle, Rental
    Headquarters location Mumbai
    Founders Shreya Mishra, Tushar Saxena (Co-founder & CTO, Pranay Surana (Co-founder & COO)
    Founded 2015
    Total Funding $10.7 million
    Legal name Omapal Technologies Private Limited
    Key people Pranay Surana(Co-founder), Sachin Shenoy
    Website flyrobe.com

    Flyrobe – Latest News

    27 November 2019

    Flyrobe was acquired by its competitor Rent It Bae, partly in cash and partly in a stock arrangement. The consolidated firms will now be working under the name of Flyrobe and their combined value is roughly INR 60 crore.

    7 September 2018

    Sequoia Capital led a $3.71 million Series B fundraising round for Flyrobe, an on-demand apparel rental firm.

    Flyrobe – Founders

    • Shreya Mishra
    • Tushar Saxena (Co-founder & CTO)
    • Pranay Surana (Co-Founder & COO)

    Flyrobe – Startup story

    It all started when Shreya Mishra the founder of Flyrobe visited Airbnb headquarters in 2012 for an entrepreneurial seminar at Stanford University, where she came up with the idea for this startup. She was inspired by the potential of rental stores, which may be run with existing assets.

    Three IIT Bombay colleagues, Shreya Mishra, Pranay Surana, and Tushar Saxena, began brainstorming ideas for a rental business that might be popular in India. They discovered that consumers pay a fortune on clothes that are only worn a couple of times. It would surely be beneficial to them to freely access new outfits without the burden of ownership.

    Flyrobe’s creators quickly carried out a survey, polling 200 females on their thoughts on the concept. Over 80% of participants responded with enthusiastic approval. Flyrobe was established as a result of this.

    Tushar Saxena was an expert in IT and was approached by his colleagues to assist them in developing an Android app for Flyrobe. They released the app in September 2015, followed by the website in October.

    Flyrobe Website
    Flyrobe Website

    Omapal Technologies Private Limited was responsible for its inception. The trend of apparel rental grew in popularity, and several companies entered the market. Flyrobe managed to acquire prominence using digital platforms, which supported them in becoming more well-known than rival online rental firms.

    Masaba Gupta, Outhouse, and Ritu Kumar are among the designers who have collaborated with Flyrobe. They also collaborated with brands like FCUK, Armani, Asos, and others who also sell western attire.

    Flyrobe – Vision, and Mission

    Vision

    Their vision is: “To make designer clothes available to masses at pocket-friendly prices on rent“

    What do they offer? (Mission)

    On-demand rental: Choose an outfit at least three days in advance and it’ll be delivered to your door on any set date.

    Unlimited subscription plan: Rent any two items from their closet and exchange, repeat, or restore them as desired.

    Flyrobe’s tagline is “Outfit on Rent, Memories Permanent.”

    Flyrobe’s Logo:-

    Flyrobe Logo
    Flyrobe Logo

    Freedom & Fashion was the inspiration for the design. When one can do anything one desires, one is said to be free. By making fashion widely available, they hope to promote freedom in the fashion realm. They genuinely think that one’s preferences, devotion to ownership, and cost need not be limited.

    Flyrobe – Business model

    Flyrobe’s business model revolves around customers renting an attire for 4–8 days. This portal offers bookings for western dress outfits with a 3–4 hour shipping period and ethnic clothing. The app has a 4.3 rating on Google Play. Influencer marketing is their key marketing strategy.

    A diverse selection of designer brands

    Flyrobe is the top digital apparel rental firm, offering a large selection of designer clothing for men and women. It offers the most prestigious worldwide brands. People are interested in the Flyrobe since it provides outstanding facilities.

    It has a variety of outfits for various events. The finest feature is that it offers a selection from popular brands such as Zara, Armani, and others. It is the finest alternative for individuals who want to dress in designer apparel at a reasonable price.

    Affordable rent

    Their main line of service is offering a wide selection of authentic traditional attire for a reasonable price. The price is so low which makes it acceptable to all types of people.

    It only rents garments for four days. Flyrobe’s business model aims to make global fashion labels accessible to the general public. Some ethnic garments are extremely expensive, and most people cannot afford them, especially if they pertain to a specific brand.

    In short, Flyrobe is beneficial for the ones who want to wear branded clothes but can’t afford them due to high prices.

    Biggest trade partner

    Being the biggest trade partner, it gives people access to the world’s largest marketplace. It has over 1800 designers aboard to provide rental solutions to its consumers.

    Serves a variety of metropolitan areas

    It offers clothing rental solutions in a couple of key locations across India. The company is working on growing its operations throughout several cities. As a result, they will expand their operations to 30 additional cities. Their business approach relies on offering flexibility across India.

    Collaborations with renowned brands and a variety of firms

    Their strategy is based on establishing relationships with well-known brands. They feature a large selection of ethnic wear from well-known brands. They can offer their clients unique designs in a wider range. The motive is if the firm has strong & creative affiliates, it will continue to grow.

    No additional charges

    Flyrobe goes to great lengths to ensure that its customers are satisfied. They offer special pick-up and shipment services to clients who cannot visit the store to collect their orders. Customers aren’t charged anything but delivered the greatest services.


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    Flyrobe – Revenue model

    Flyrobe earned $2 million in revenue in 2018 and aimed to triple that in 2019. According to the creators, 65 percent of the company’s overall revenue comes from online sales.

    Their revenue streams include:

    Commission

    Every apparel rental purchase on their official site generates a little commission for them.

    Advertising

    Website or app ads is a component of their long-term revenue strategy.

    Subscription plan

    Their subscription plan ranging from monthly to annual subscription allows consumers to pay a one-time price in exchange for benefits such as reduced shipping charges, refunds, or perhaps a free apparel rental if they fully subscribe.

    Flyrobe – Startup Challenges

    While the business hurdles were obvious, they also had to deal with the Indian attitude toward secondhand apparel. People’s assumptions about renting garments are the reason for the sluggish start of the firm. Indians shun those who cannot pay for expensive outfits.

    India is a nation based on possession, the most difficult hurdle in implementing a business plan like renting is changing client preferences. A social taboo is linked to rentals because fashion has grown to reflect one’s identity, goal, and prominent status symbols. Their cynicism about sanitation, personality concerns, and social influence are some of the most difficult barriers to overcome.

    Only when the customer is willing to rent or wear a previously owned item you would succeed. The perspective shifts as people understand the product’s worth and the reasonable amount they spend for a temporary solution.

    Nonetheless, Shreya Mishra believes a trend will eventually be the standard and India is at the onset of that trend.

    Flyrobe – Funding & Investors

    To date, Flyrobe has raised close to $10.7 million in funding. Sequoia Capital, Chiratae Ventures, and Strive Ventures are among the major financial backers of Flyrobe.

    Flyrobe raised $7 million during its initial two series of fundraising in 2016. Paytm CEO Vijay Shekhar Sharma, Stanhope Capital chairman Leon Seynave, and others also contributed. Flyrobe’s technical, biz, and brand development personnel have all enhanced as a result of this funding. Chiratae Ventures led a round of fundraising that year, raising 5.3 million dollars.

    In September 2018, Sequoia Capital India led a new investment round, and Flyrobe managed to acquire 26 crore rupees from existing owners. InnoVen Capital led a venture round that received an undisclosed amount of money in January 2019.

    Flyrobe was acquired by its competitor Rent It Bae on November 27, 2019, which led to the consolidation of firms that will now be working under the name of Flyrobe and their combined value is roughly INR 60 crore.

    Date Stage Amount Investors
    July 5, 2016 Seed Rounf $1.7M Sequoia Capital India
    Aug 31, 2016 Series A $5.3M Chiratae Ventures
    Nov 22, 2016 Non Equity Assistance $50K Google Launchpad Accelerator
    Sep 6, 2018 Series B ₹264M Sequoia Capital India
    Jan 1, 2019 Venture Round InnoVen Capital

    Note: I have mentioned lead investors, but there are more than 1 investor for some of them.


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    Flyrobe – Mergers and Acquisitions

    On November 27, 2019, Rent It Bae acquired Flyrobe.

    Date Acquired by Amount Transaction Name
    Nov 27, 2019 Rent It Bae Flyrobe acquired by Rent It Bae

    Flyrobe – Awards and Achievements

    In 2015, when the company was just 15 weeks old, they finalized 100 clients in a single day. 20 Bollywood celebs, including Huma Qureshi, Parineeti Chopra, and Sunny Leone, have supported Flyrobe on social media sites.

    Flyrobe – Competitors

    Oh Look

    Oh Look is a subscription-based fashion rental platform for males and it was designed by Arshad Azad. The firm has teamed with prominent apparel companies such as Zara, Louis Philippe, Allen Solly, and others to create a vast wardrobe assortment.

    The Clothing Rental

    The Clothing Rental, a Mumbai-based firm that began in 2005, happens to be a secret destination among the glamour industry’s elite. It allows you to hire their exclusive brands from their New York procurement office in addition to acquiring outfits from the most essential brands. It has two outlets in addition to its online presence (in Bandra & Versova).

    Wrapd

    Wrapd began in 2009 as Rent A Party Dress, a Delhi-based startup. It’s also one of the few online services with a physical outlet. You just have to go look at the attire, whether it be in person or online. After that, you can inform them of your size for the outfit you’ve selected (if it needs to be modified).

    Book the outfit by paying a rental fee and a security deposit that’s up to 3 times the rent, and return it the day after the occasion. Pay the rental fee and a down payment of up to three times the rent to book the attire, then return it the day following the event.

    Klozee

    This business, which is now present in Bangalore, provides quality clothing rentals without any down payment. Klozee Express guarantees that the outfit will arrive in less than 3 hours of your order. Perhaps it allows customers to pay retail price for an outfit especially if you love it.

    Liberent

    With a three-day rental duration, you can hire an outfit from LibeRent without paying any extra down payment. It makes modifications based on the measurements provided. The best part is, for an extra Rs.350, they permit a trial before the actual rental day.

    SwishList

    SwishList allows you to hire outfits by browsing their online fashion collection and booking an outfit for the day of your ceremony. The outfit will arrive two days before the event. The following day, you can return the outfit. A down payment of 50% or more of the rental amount is required.


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    Flyrobe – Future Plans

    • They plan to expand their online services to Dubai, London, and the United States. In the next few years, there will be 15 more outlets.
    • The partnership between the current CEO, Aanchal Saini, and the former CEO, Rent It Bae, led to improved efficiency.
    • Flyrobe will launch its unique virtual trial room.
    • In the future, they will collaborate with more major companies to build trust.

    Other businesses:

    Flyrobe primarily sells apparel, but it has recently begun renting out jewelry, handbags, and other accessories. Its wedding attire collection is one of the finest.

    Value of product:

    Every month, the retail value exceeds $1 million, with approximately 5000 products. It is one of the top product rental sites, as per reviews, and it is filled with a new ideas.

    Here’s a short video for you guys on Founders describing their brand:

    Final thoughts

    Flyrobe is India’s first and fastest-growing e-commerce and in-store rental portal for premium and designer outfits for men and women. The online clothing rental market is already booming. Flyrobe provides free pick-up, shipment, and reservations for handcrafted ethnic, modern, as well as men’s clothing.

    Flyrobe is now the main avenue, much above its rivals, with several Bollywood celebrities endorsing it. Customers are seeking alternatives to purchasing their favorite brands without spending a fortune as we increasingly become a westernized and ambitious community with the mantra of “Use and discard.”

    It is fashion that never goes out of style. The world is your runway and every day is a fashion show.

    FAQ

    What is the revenue of Flyrobe?

    The estimated annual revenue of Flyrobe is $2 million.

    When was Flyrobe founded?

    Flyrobe was founded in 2015 by Shreya Mishra, Tushar Saxena and Pranay Surana.

    Who founded Flyrobe?

    Flyrobe was founded by Shreya Mishra, Tushar Saxena and Pranay Surana.

  • Shreya Mishra- CEO, SolarSquare Energy | Co-Founder, Flyrobe

    Shreya Mishra is an Indian Entrepreneur, who co-founded an online fashion rental store, Flyrobe in 2015. She is currently the Founder & CEO of SolarSquare Energy and was co-founder of Mumbai-based Flyrobe. Her company reported a revenue of $2 million in 2018. She participated as a Speaker in the VCCIRCLE Startup Summit 2017 on 15 February 2017 held in Mumbai. She made an exit from her fashion rental startup in 2019. Thereafter, she founded SolarSquare Energy, where she currently serves as CEO for SME (Small and Medium-sized enterprises).

    Shreya Mishra- Biography
    Shreya Mishra- Personal Life
    Shreya Mishra- Education
    Shreya Mishra- Professional Life
    Shreya Mishra- SolarSquare Energy
    Shreya Mishra- Flyrobe
    Shreya Mishra- Business Idea
    Shreya Mishra- Honors & Awards
    Endnote
    Shreya Mishra- FAQ’s

    Shreya Mishra- Biography

    Shreya Mishra | CEO, SolarSquare Energy

    Name Shreya Mishra
    Born 1989
    Age 32 (2021)
    Nationality Indian
    Education IIT Bombay
    Profession Entrepreneur
    Position Former CEO & Co-founder, Flyrobe; CEO for SME at SolarSquare Energy

    Shreya Mishra- Personal Life

    Shreya Mishra was raised in a family of IAS officers and lawyers. She never thought that she would enter the world of business. However, her passion for following trendy fashion led her to decode the void in the fashion rental space. She explored this specific area and established her fashion startup in 2015.

    Shreya Mishra- Education

    Shreya completed her formal education from Carmel Convent Sr. Sec School, Bhopal. She further completed her graduation from the Indian Institute of Technology, Bombay with a B.Tech and M.Tech degree in Mechanical Engineering in 2012.

    Along with her education, Shreya was a part of many organizations. She was a Core Group Member for Competitions at Mood Indigo, Annual Cultural Festival of IIT Bombay, Fourth Wall, Dramatics Club of IIT Bombay.

    She also worked as a Summer Intern at Procter & Gamble Company from May 2010 to June 2010. She was a Campus Ambassador for the organization “Teach For India” from July 2010 to 2011. Her internship journey continued with Accenture, where she gained experience as a Summer Intern from May 2011 to July 2011.

    Shreya Mishra- Professional Life

    After completing her education, she worked as an Associate for The Boston Consulting Group for two years (September 2012 to June 2014). Post which she worked as an analyst at private equity venture Everstone Capital for ten months (June 2014 to March 2015).

    She launched Flyrobe in September 2015 with two of her fellow IIT batchmates. She made an exit from her rental fashion firm in June 2019. Currently, she is the Entrepreneur at SolarSquare Energy. Before founding her present venture, she successfully completed 7 past jobs.

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    Shreya Mishra- SolarSquare Energy

    SolarSquare Logo

    Shreya Mishra is currently serving as the CEO for SME & Residential Solar at SolarSquare Energy. The company was established in December 2019. The company is based in Mumbai, Maharashtra, India. She aims to make a difference in India’s energy sector by promoting energy independence and reliability via distributed generation methods of clean power generation.

    SolarSquare Energy is a venture that drives mass adoption of rooftop solar in India. It is basically a solar power producer working on the distributed generation model. The company offers its services to businesses, social institutions, and large residential complexes and aids them to go solar by providing turnkey support like investment, design, build, operate & maintain the solar power plant. SolarSquare Energy works with the vision of making clean energy affordable and accessible.

    Shreya Mishra- Flyrobe

    Shreya served as the Co-founder and CEO at Flyrobe since July 2015 and ended her position in June 2019. Flyrobe is a highly demanded apparel rental platform that offers premium designer wear. It is one of India’s largest online fashion rental services.

    Shreya co-founded Flyrobe with two of her IIT Bombay friends, Tushar Saxena who serves as the Co-founder and CTO at the company, and Pranay Surana who serves as the Co-founder and COO at Flyrobe.

    The parent company Omapal Technologies Private Limited incubated Flyrobe and launched the fashion startup on 31 October 2015. The fashion venture also collaborated with Rent It Bae!

    Shreya did a personal investment in Flyrobe on 6 September 2018. This Series B investment was valued at Rs. 264 million. It has raised funding of over $7 million from IDG Ventures, Sequoia Capital, PayTM, and several existing angel investors. After serving for around four years, she made exit from Flyrobe in 2019.


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    Shreya Mishra- Business Idea

    Shreya’s initial experience as an analyst gave her insights into the market. She used to follow fashion trends and found a big void in the fashion apparel rental space. She thus came forward with the idea of launching Flyrobe that would let people rent trendy, fashionable clothes at a fraction of the retail price. The company is primarily popular for wedding fashions.

    The business did really well in the US  and China. However, it displayed a lack of audience base in India. This is because of the Indian mentality of not wearing “used” clothes. But, today a lot of things have changed in India along with this thinking as well. Many People do search for such ventures to rent fashionable clothes, that is all the way offered to them at a reasonable price through Flyrobe.

    Moreover, Flyrobe has been endorsed by twenty Bollywood celebrities on social media. This eventually took away the stigma of wearing used clothes.

    Mukesh Bansal – CEO & Co-founder of Cure.fit | Founder, Myntra | Education | Wife | Age
    Mukesh Bansal is the Founder of the fashion e-commerce firm, Myntra[/myntra-online-fashion-store/]. He is an Indian businessman, who currentlyserves as the CEO of Cure.fit and its co-founder as well. Fortune magazinelisted Mukesh under Best 40 Under 40 Entrepreneurs. He is also on the board ofOl…

    Shreya Mishra- Honors & Awards

    • Shreya has been recognized in the list of  Entrepreneur Magazine 35 under 35 (January 2018).
    • She was listed in the Forbes 30 under 30 Asia (October 2017).
    • Her work has been recognized in Bloomberg 50 most promising startups in the world (March 2017).
    • She was recognized in the CNBC 20 under 40 Asia (January 2017).
    • She elegantly represented India as a delegate at the Open Minds Start-up expo, San-Francisco conducted by NCIIA (January 2012).
    • She was honored as an International delegate at Stanford University’s E-Bootcamp (January 2012).
    • She was the Winner, Eureka! of Asia’s largest business plan contest held at Entrepreneurship Cell, IIT Bombay (January 2012) among 3,600 entries pan-India.
    • She received Young Innovator Award from Villgro (January 2011).
    • She was the Winner in Ideas for India Challenge conducted by ITC Classmate among 60,000 entries pan-India (January 2010).

    Endnote

    Shreya Mishra is presently working as the CEO of SolarSquare Energy. The company aims to transform India’s energy sector by promoting energy independence and reliability through a distributed generation method of clean energy generation. Shreya shows strong leadership and perseverance skills in all her venture that has led her to feature in Forbes 30 under 30 Asia. She is an inspiration to many young entrepreneurs and to all young girls who are looking at her as a role model. We hope to see many more woman entrepreneurs and leaders like Shreya Mishra in the future.

    Shreya Mishra- FAQ’s

    Who is Shreya Mishra?

    Shreya Mishra is an Indian Entrepreneur, who co-founded an online fashion rental store, Flyrobe in 2015. She is currently the Founder & CEO of SolarSquare Energy and was co-founder of Mumbai-based Flyrobe.

    What is her Education?

    She completed her graduation from the Indian Institute of Technology, Bombay with a BTech and MTech degree in Mechanical Engineering in 2012.

    What is Flyrobe?

    Flyrobe is a highly demanded apparel rental platform that offers premium designer wear. It is one of India’s largest online fashion rental services.

    What is she currently doing?

    Shreya Mishra is currently serving as the CEO for SME & Residential Solar at SolarSquare Energy. The company was established in December 2019. The company is based in Mumbai, Maharashtra, India.

    Is she involved with Flyrobe now?

    She made an exit from her fashion rental startup in 2019, after serving for around four years,. Thereafter, she founded SolarSquare Energy, where she currently serves as CEO for SME (Small and Medium-sized enterprises).

    What is SolarSquare Energy?

    SolarSquare Energy is a venture that drives mass adoption of rooftop solar in India. It is basically a solar power producer working on the distributed generation model.