Snapdeal-backed fashion start-up Flyrobe gets funding from IDG Ventures and Vijay Shekhar Sharma
BI India BureauAug 31, 2016, 11.56 AM
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Online fashion rental portal
Flyrobe has now raised $7 million in investments.
The start-up is based in Mumbai and also has operations in Delhi; it will use the investment to expand its business to five more cities including Hyderabad and Bangalore, while also strengthening its technology, product and business teams.
"We want to build the country's largest virtual wardrobe which women can rely whenever they have an occasion,"
Flyrobe offers premium designer wear and branded outfits and accessories on rent at 10-15% of the retail price.
"It acts as an experiential marketing platform for designers and it's a great way for customers to experiment with new brands and styles without having to worry about the price tags," said Mishra.
By the end of this financial year, the company aims to grow 4 to 5 times, and triple its designer roster to 150.