Mumbai-based on-demand fashion rental startup Flyrobe has raised $5.3 million in Series A round of funding led by IDG Ventures. Sequoia Capital, Japan's GREE Ventures and Paytm Founder also participated in the round. Founded in 2015 by IIT Bombay alumni Pranay Surana, Shreya Mishra and Tushar Saxena, Flyrobe previously raised funds from Founders of Snapdeal, FreeCharge and Powai Lake Ventures.