FASHION FLY

FASHIONFLY is a chain which provides clothes on rent in india. INDIA have biggest market for renting clothes but their is not a propee pF
  • Sector E-commerce & online marketplaces
  • Country India
  • Founding date May 2020
  • Stage Idea
In india every year minimum 10 million marriage take place and many cultural activities, festival, fashion events.Mostly people take clothes on rent they take it from nearest market so they have very limited variety and option.
so we want to create a biggest chain which provide clothes on rent.

General

Sector
E-commerce & online marketplaces
Category
Consumer
Product usage or interact
API)

Business

Customer acquisition strategy
1. we will provide latest and trendy clothes options in huge amount.
2.we will provide clothes at feasible rent.
3.customer don't need to travel.
4.we will work like intermidiater between customer and outfit shops.
Revenue model
Transaction processing and Commerce:-
1. we will charge 10-20% commission on every successful operation/transaction on our e-commerce platform which we accuire from another source.
2. on every successful transaction we will take rent 20% from the customer on our assets of our e-commerce platform.

Market info

Market size
$1,856,000,000
Competitors
Competitor name
Competitor website
Rentitbae
The clothing rental

Total early investment
$5,000,000
Shareholder structure
Owner type
Name
Equity
Nikesh Gupta
Founder
% 40
Nilesh Gupta
Co-Founder
% 30
Laxman Dangi
Co-Founder
% 30
Investment round
Angel Investment
Investment amount
$5,000,000
Equity on offer
% 10.0

Team

Nikesh Gupta  - India
Nilesh Gupta  - India
Laxman Dangi  - India
Total team member
5
Comment
Last update: 18.08.2020