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Flyrobe Shark Tank India Season 3

by IndiaSuccessStories
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Flyrobe Shark Tank India Season 3 Got 50 Lakhs Funding in Exchange of 4% Equity by Aman Gupta.

Flyrobe Shark Tank India Season 3

Pitch no with company details

Flyrobe

Flyrobe focuses in offering fashion apparel for both genders, accommodating a wide variety of tastes and trends.

Founder of Flyrobe

Aanchal Saini founded Rent It Bae in January of 2016 and is currently the company’s chief executive officer. She bought Flyrobe in November 2019 and continues to lead the company as CEO. In addition, Flyrobe provides rental choices for guys as well.

Flyrobe Funding Round

Company Name

Flyrobe

Shark Tank India Season

3

Episode No

28

Season No

3

Brand

Flyrobe

Idea

Fashion Rental Platform

Original Ask

50 Lakhs for 1% equity

Deal

50 Lakhs for 4% equity

Invested By:

Aman Gupta

At the heart of Flyrobe's pitch was a commitment to sustainability, accessibility, and style. Their fashion rental platform aimed to address the environmental and financial concerns associated with fast fashion by promoting the reuse and sharing of high-quality garments. By offering customers a wide range of trendy outfits at a fraction of the cost of ownership, Flyrobe aimed to empower individuals to express their unique style without breaking the bank or contributing to fashion waste.

The Pitch:

Flyrobe entered the tank with a bold proposition: to transform the way people experience fashion by offering a convenient and affordable rental platform. Their idea was to provide customers with access to a curated selection of designer clothing and accessories for special occasions or everyday wear. With an original ask of 50 Lakhs for 1% equity, Flyrobe sought investment to expand their inventory, enhance their technology, and reach a broader audience of fashion-conscious consumers.

The Deal:

Impressed by Flyrobe's innovative business model and growth potential, Aman Gupta saw an opportunity to support a brand that was reshaping the fashion landscape. He offered 50 Lakhs for 4% equity, aligning with Flyrobe's original ask and demonstrating his confidence in the brand's vision and ability to execute. With Aman Gupta's investment, Flyrobe was well-positioned to accelerate their expansion plans, enhance their customer experience, and solidify their position as a leader in the fashion rental market.

Investors Behind Flyrobe

Aman Gupta: With the backing of investor Aman Gupta, Flyrobe was poised to embark on a journey of growth and innovation. The infusion of capital provided by Aman Gupta would enable Flyrobe to scale their operations, improve their technology infrastructure, and attract a larger customer base. With Aman Gupta's support, Flyrobe was well-equipped to achieve their mission of making high-end fashion accessible to all.

Conclusion:

Flyrobe's appearance on Shark Tank India Season 3, Episode 28 showcased the power of entrepreneurship in driving positive change in the fashion industry. As they continue to expand their offerings and enhance their platform, Flyrobe is poised to become a leading destination for fashion rental, offering a sustainable, affordable, and stylish alternative to traditional retail. With Aman Gupta as a strategic partner, Flyrobe is well-positioned to realize their vision of democratizing fashion and empowering individuals to express their unique style with confidence.

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