Indian startup AARK World Pvt Ltd, which owns fashion rental service Rent It Bae has acquired fashion rental startup Flyrobe in a part-cash and part-stock deal. The merged business will now operate under the brand name Flyrobe and is now valued at 60 Cr., according to Flyrobe. It is now looking to expand in India and overseas to Dubai, London, and the US through a franchise model. Skyrobe is also planning to scale its marketplace model to customer renting.
Talking about the acquisition, Aanchal Saini, Co-founder & CEO, Rent It Bae, and now the CEO of Flyrobe, said, “We are the first in India offering a wide range of ethnic wear on rent. The aim is to expand our footprint to national as well as international markets alongside exploring new business propositions. With our ongoing growth, we are slated to hit the Rs 100 crore mark in the next two years”.
To cater to the growing consumer demand for a multichannel shopping experience, Flyrobe is also looking to adopt an omnichannel strategy.
As of now, Flyrobe claims to have one million customers in over 30 cities through its website, apps, and stores.
The post Fashion rental service Rent It Bae acquires Flyrobe appeared first on BlockInspect .
Fashion rental service Rent It Bae acquires Flyrobe
License.
Related News
Search Crypto News
The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.
Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!
We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.
| LEARN MORE ABOUT |
-
BITRSS | Submit Your Crypto NEWS
BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin and related Crypto stories.
Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.
Please support BitRss.com: if you like it, share your favorite News to your Socials!
24h Most Popular News
-
![]()
Ripple Says New Platform Designed to Let XRP Holders Be Their Own BankRipple just released a deep dive on a new XRP-focused platform designed to give holders of the third-largest cryptocurrency a unique way to...
-
![]()
Hacker claims to have stolen data from Ledger, Trezor and KeepKeyA hacker is reportedly selling stolen data from three popular hardware wallets—prompting an investigation by at least two of the companies...
-
![]()
Blockchain to Play Crucial Role in VR-Powered Social MediaBlockchain will play a fundamental role in the convergence of social media and virtual reality, say experts
-
![]()
Louisiana lawmakers advance bill for licensing crypto businessesPublic records show that the lower chamber of Louisana's state legislature has approved a measure that, if passed and signed into law, would...
-
![]()
Digitale Krankenakte - VeChain testet Corona-AppIm Kampf gegen das Corona-Virus setzen die Unternehmen VeChain und I-Dante auf eine digitale Krankenakte. Als Blockchain-basierte...
-
![]()
Binance CEO CZ says data shows more holders outperform traders, reveals Bitcoin’s fair priceChangpeng Zhao, the Chinese-Canadian founder and CEO of the world’s largest crypto exchange, Binance recently shared a thought on what...
-
![]()
Ledger and Trezor Respond to Shopify Exploit Hacker RumorOne Ethereum forum hacker is claiming to have the databases for Trezor and Ledger plus other precious information. The databases are said to be...
-
![]()
Bitcoin recovers from failed attempt at $10,000The price of Bitcoin on Sunday shows that the largest cryptocurrency by market cap has failed to fully recover from its brief, mid-week crash....
-
![]()
Albania Passes Law to Act as Legal Framework for CryptocurrencyOn Thursday, May 21, the Albanian government officially passed a comprehensive law on the regulation of cryptocurrency-related businesses drafted...
-
![]()
Crypto-Based E-Sports Streaming Service Comes Installed on 75 Million Samsung Galaxy Phones75 million Samsung Galaxy users will be able to mine the TFUEL crypto just by using the pre-installed Theta TV app Theta TV, an E-Sports...
