Inside FPV, a drone manufacturing company founded by three college students, achieved a significant milestone with their appearance on Shark Tank India Season 2. Their journey on the show was not just about securing funding but also about the valuable insights and partnerships they gained. Since then, the company has continued to grow and expand, entering new markets and receiving accolades for their innovation. The company specializes in creating plug-and-fly drones suitable for a wide range of applications, including aerial photography, surveillance, and search and rescue missions. Their drones come at competitive price points, ranging from ₹2,800 to ₹25,000. They also offer a one-drone crash guarantee and free consultation.
Company Name: Inside FPV
Founder: Arth Chowdhary, Oshi Kumari & Deyvant Bhardwaj
Product: FPV Drones
Highlights
1.Product Type: First Person View plug-and-flight FPV drones.
2. Easy setup; simply put in the battery to initiate flight.
3. Basic price range is ₹2,800; premium with goggles ranges from ₹25,000.
4. Features: Real-time viewing covering 4–5 kilometres.
5. Target Audience: Institutions, aficioners, and beginners.
6. 40% from drones, 60% from spare components constitute revenue streams.
7. Key Milestone: Made a 141-minute one charge flight.
8. Recognition: Forbes 30 Under 30 Asia 2024 honoree.
Pitch Details
Ask: ₹75 lakhs for 4% equity, valuing the company at ₹18.75 crores.
Deal: After negotiation Namita Thapar, Amit Jain, Peyush Bansal and Aman Gupta finished the deal at ₹75 Lakhs for 15% equity.
Investors: The investment came from Namita Thapar, Amit Jain, Peyush Bansal and Aman Gupta.
Conclusion
With their plug-and- fly FPV drones, which streamlines drone technology and makes it accessible to beginners and tech aficionados, InsideFPV’s pitch on Shark Tank India presented a novel product. The firm presents a solid value proposition by providing a broad pricing range and capabilities including real-time footage up to five kilometers. Their ability to rule the FPV drone market is shown in their remarkable expansion, institutional orders, and ambitious benchmarks like a flight time never seen before. Getting ₹75 lakh for 15% equity from four sharks highlights investor trust in their idea, hence establishing InsideFPV as a potential leader in the drone sector in India.
