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Exclusive: Online fashion rental portal Flyrobe bags fresh capital

Exclusive: Online fashion rental portal Flyrobe bags fresh capital Flyrobe also operates offline storestwo in Mumbai and one each at Delhi, Bengaluru, Hyderabad, Pune and Ludhiana, according to information available on its site. Apart from the aforementioned options, Flyrobe also offers some value-added services to customers. Flyrobe Prime is a personalised offering where users can be the first to rent out designer wear that is made-to-measure for them specifically. For a fixed rental sum, users can keep the piece for up to 90 days. Another offering Flyrobe Select allows customers to purchase new clothes from select offline stores and brands with a buyback guarantee. Currently, as per information available on its website, Flyrobe has tied up with ten such stores in Delhi and Mumbai, with more such stores in the offing. The startup has also recently launched a decor rental category, href=''> where users can choose from curated decor styles and rent them for anywhere between four to eight days. For the financial year 2016-17, the company clocked a nearly seven-fold rise in operational revenues at Rs 2.06 crore, from Rs 29.73 lakh the previous year, according to data available with VCCEdge , the research platform of News Corp VCCircle. Gross expenditures also saw a three-fold rise at Rs 19.89 crore from Rs 5.98 crore the previous year.

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