Flyrobe is India’s first online fashion rental company that provides a range of trending designer dresses for both men and women.
More About Flyrobe
Flyrobe helps people to wear new dresses on every occasion and never repeat clothes again. They have a range of products including western dresses, ethnic dresses, accessories, and also an exclusive men’s collection.
Founders of Flyrobe
Aanchal Saini is the founder of Flyrobe, a leading fashion rental company.
Flyrobe Shark Tank Pitch and Updates
Aanchal Saini appeared on Shark Tank India season 3 and shared details about her rental brand named Flyrobe.
The founder started her pitch by sharing the issues that people face while choosing dresses for various occasions. Also, wearing new clothes for every other occasion is not good for both the pocket and the environment. To help people find designer clothes at a nominal price, she acquired Flyrobe.
As per the founders, customers can book their products either from their website or the physical stores. The founder also shared that she initially founded ‘Rent It Bae’ and acquired Flyrobe subsequently.
After that initial pitch, the founders demanded INR 50 Lakhs for 1% equity at a valuation of INR 50 Crores.
After that, the Sharks started asking various questions about her brand:
- Vineeta Singh loved the designs showcased by the models and asked the founder about their design process. The founder then started sharing details about her previous business ‘Rent It Bae’ and how they acquired Flyrobe.
- Anupam Mittal asked various questions related to the acquisition and in how much money they acquired Flyrobe which already had raised around 70 Crores.
- Amit Jain asked the founder about their business model, revenue, and other important details about the business.
- Aman Gupta also asked them about their forecasted revenue and profit margins for previous years.
As it was a match-off between the two brands, the Sharks had to hold their investment offers till they reviewed both brands. After a short period, the founder received only one offer from Aman Gupta. In the end, she negotiated a bit and closed the deal with Aman Gupta.
| Company Name | Flyrobe |
| Founders | Aanchal Saini |
| Headquarters | Bengaluru |
| Founded Year | 2016 |
| Business | Fashion Rental Platform |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 28 |
| Asked For | INR 50 Lakhs for 1% equity |
| Deal | INR 50 Lakhs for 4% equity |
| Sharks Invested | Aman Gupta |
| Valuation Given | INR 12.5 Crores |
| Website | Click Here |
Flyrobe secured a deal of INR 50 Lakhs for 4% equity at a valuation of INR 12.5 Crores from Aman Gupta
Frequently Asked Questions About Flyrobe
After their appearance on Shark Tank India Season 3, people tried to find more information about the Flyrobe. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Flyrobe?
Aanchal Saini is the founder of Flyrobe, a leading fashion rental company.
2. Is Flyrobe From Shark Tank India profitable?
Yes, Flyrobe is a profitable business and as per their Shark Tank India pitch, they are EBITDA level profitable.
3. What happened to the Flyrobe after the Shark Tank?
Flyrobe was able to secure a funding from Shark Tank India. Now, they will be looking forward to build the business to get further investments and scale the business.
4. What Is The Valuation of Flyrobe?
Flyrobe was able to secure a funding from Shark Tank India at a valuation of INR 12.5 Crores.
