Entrepreneur Name;- Arth Chowdhary, Oshi Kumari, Devyant Bhardwaj
About the Entrepreneur;- The company has three founders, namely Arth Chowdhary, Oshi Kumari, and Deyvant Bharadwaj, who are all from VIT. Arth and Oshi have mechanical backgrounds, while Deyvant has an electrical background. Oshi is still pursuing her studies, whereas the other two have recently graduated. Notably, Oshi holds the distinction of being India’s first FPV pilot.
Brand Name;- Inside FPV
Brand Website;- https://www.insidefpv.com/
Business Category;- India’s First Drone Company.
Innovation;- Yes, Inside FPV focuses on developing new products that cater to the specific needs of their customers by offering affordable and high-quality drones.
Company Valuation;- ₹5 Crores.
Equity Asked;- ₹75 Lakhs for 4% Equity
Deal Closed;- Yes.
Final Shark Tank Deal;- ₹75 Lakhs for 15% Equity
Target City/Country;- India
Total Addressable Market;- US$23.62m
Product;- Drones.
About the Product;- Inside FPV is a prominent drone company that specializes in manufacturing Plug and Fly First Person View (FPV) drones tailored to the needs of their customers, with the aim of making drones more accessible and affordable in India. The company offers a range of drones that are available for purchase on their website, starting from as low as Rs. 2800. In addition to the sale of drones, Inside FPV also provides other services such as a one-drone crash warranty and free consultation by experienced pilots. The founders have a vision of making Inside FPV the leading drone brand globally. The company’s FPV drones allow a person to receive a feed on their goggles from a distance of up to 4 to 5 km using a transmitter or remote. The drones come in a range of prices, starting from ₹2800 and going up to ₹25000, which includes the cost of the drone transmitter, goggles, and battery.
Conclusion;– Arth Chowdhary, Oshi, and Devyant asked ₹75 Lakhs for 4% Equity. Sharks Aman, Amit, Namit, and Peyush offered ₹75 Lakhs for 15% Equity. It concluded in a successful deal.
