Shreya Mishra: CEO & Co-founder of Flyrobe

Shreya Mishra is an Indian Entrepreneur, who co-founded online fashion rental store, Flyrobe in 2015. She is the Chief Executive Officer (CEO) and Co-founder of Mumbai based Flyrobe. Her company reported a revenue of $2 million in 2018. She participated as a Speaker in the VCCIRCLE Startup Summit 2017 on 15 February, 2017 held in Mumbai. She made an exit from her fashion rental startup in 2019. Thereafter, she founded SolarSquare Energy, where she currently serves as CEO for SME (Small and Medium-sized enterprises).

Shreya Mishra- Biography

Name Shreya Mishra
Born 1989
Age 31 (2020)
Nationality Indian
Education IIT Bombay
Profession Entrepreneur
Position Former CEO & Co-founder, Flyrobe; CEO for SME at SolarSquare Energy

Shreya Mishra- Personal Life
Shreya Mishra- Education
Shreya Mishra- Professional Life
Shreya Mishra- SolarSquare Energy
Shreya Mishra- Flyrobe
Shreya Mishra- Business Idea
Shreya Mishra- Honors & Awards

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Shreya Mishra- Personal Life

She was raised in family of IAS officers and lawyers. She never thought that she would enter the world of business. However, her passion of following trendy fashion led her decode the void in the fashion rental space. She explored this specific area and established her fashion startup in 2015.

Shreya Mishra- Education

Shreya completed her formal education from Carmel Convent Sr. Sec School, Bhopal. She further completed her graduation from Indian Institute of Technology, Bombay with a B.Tech and M.Tech degree in Mechanical Engineering in 2012.

Along with her education, she was a part of many organizations. She was a Core Group Member for Competitions at Mood Indigo, Annual Cultural Festival of IIT Bombay, Fourth Wall, Dramatics Club of IIT Bombay.

She also worked as a Summer intern at Procter & Gamble Company from May 2010 to June 2010. She was a Campus Ambassador for the organization Teach For India from July 2010 to 2011. Her internship journey continued with Accenture, where she gained experience as a Summer Intern from May 2011 to July 2011.

Shreya Mishra- Professional Life

After completing her education, she worked as an Associate for The Boston Consulting Group for two years (September 2012 to June 2014). Post which she worked as an analyst at private equity venture Everstone Capital for ten months (June 2014 to March 2015).

She launched Flyrobe in September 2015 with two of her fellow IIT batchmates. She made an exit from her rental fashion firm in June 2019. Currently, she is the Entrepreneur at SolarSquare Energy. Before founding her present venture, she successfully completed 7 past jobs.

Shreya Mishra- SolarSquare Energy

Shreya is currently serving as the CEO for SME & Residential Solar at SolarSquare Energy. The company was established in December 2019. The company is based in Mumbai, Maharashtra, India. She aims to make a difference to India's energy sector by promoting energy independence and reliability via distributed generation method of clean power generation.

SolarSquare Energy is a venture that drives mass adoption of rooftop solar in India. It is basically a solar power producer working on the distributed generation model. The company offers its services to businesses, social institutions and large residential complexes and aids them to go solar by providing turnkey support like invest, design, build, operate & maintain the solar power plant.  

Shreya Mishra- Flyrobe

Flyrobe Logo

Shreya served as the Co-founder and CEO at Flyrobe since July 2015 and ended her position in June 2019. Flyrobe is an highly demanded apparel rental platform that offers premium designer wear. It is one of India's largest online fashion rental service.

Shreya co-founded Flyrobe with two of her IIT Bombay friends, Tushar Saxena who serves as the Co-founder and CTO at the company and Pranay Surana who serves as the Co-founder and COO at Flyrobe.

The parent company Omapal Technologies Private Limited incubated Flyrobe and launched the fashion startup on 31 October, 2015. The fashion venture also collaborated with Rent It Bae!

Shreya did a personal investment in Flyrobe on 6 September, 2018. This Series B investment was valued at Rs. 264 million. It has raised a funding of over $7 million from IDG Ventures, Sequoia Capital, PayTM, and several existing angel investors. After serving for around four years, she made exit from Flyrobe in 2019.

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Shreya Mishra- Business Idea

Shreya's initial experience as an analyst gave her insights into the market. She used to follow fashion trends and found a big void in the fashion apparel rental space. She thus came forward with the idea of launching Flyrobe that would let people rent trendy, fashionable clothes at a fraction of the retail price. The company is primarily popular for wedding fashions.

The business did really well in the US  and China. However, it displayed a lack of audience base in India. This is because of the Indian mentality of not wearing "used" clothes. But, today a lot of things have changed in India along with this thinking as well. Many People do search for such ventures to rent fashionable clothes, that is all the way offered to them at a reasonable price through Flyrobe.

Moreover, Flyrobe has been endorsed by twenty Bollywood celebrities on social media. This eventually took away the stigma of wearing used clothes.

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Shreya Mishra- Honors & Awards

  • Shreya has been recognized in the list of  Entrepreneur Magazine 35 under 35 (January 2018)
  • She was listed in the Forbes 30 under 30 Asia (October 2017)
  • Her work has been recognized in Bloomberg 50 most promising start-ups in the world (March 2017)
  • She was recognized in the CNBC 20 under 40 Asia (January 2017)
  • She elegantly represented India as a delegate at Open Minds Start-up expo, San-Francisco conducted by NCIIA (January 2012)
  • She was honored as an International delegate at Stanford University's E-Bootcamp (January 2012)
  • She was the Winner, Eureka! of Asia's largest business plan contest held at Entrepreneurship Cell, IIT Bombay (January 2012) among 3,600 entries pan-India
  • She received Young Innovator Award from Villgro (January 2011)
  • She was the Winner in Ideas for India Challenge conducted by ITC Classmate among 60,000 entries pan-India (January 2010).
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About Megha Rani

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