Inside FPV is a consumer-based drone company. They make plug-and-fly FPV drones. All you need to do is plug in the batteries and fly.
FPV stands for first-person view. This means you can drive the drone in your bedroom wearing pajamas but you can experience the drone view which is 5 km away from you.
Drones are normally really expensive. But Inside FPV is working on a mission that they want to make drones pocket-friendly. The drone price starts from 2800 on their website. The founders want to make this a global brand.
They provide 1 drone crash warranty. They provide free consultation by experienced pilots as well.
Oshi Kumari, Arth Chowdhary & Deyvant Bhardwaj are the founders of the Inside FPV. They came to Shark Tank seeking ₹75 Lakhs for 4% equity of the company. Which gives the company a valuation of ₹18.75 Crores.
Oshi Kumari, Arth Chowdhary & Deyvant Bhardwaj are from VIT Vellore Institute of Technology. Oshi & Arth are from mechanical backgrounds. Deyvant is from an electrical background.
They sell FPV drones for 28000. This one is expensive because, in this package, you’ll get goggles, a transmitter, a drone & battery.
The drone market is an emerging market. And India has banned all foreign drones. So, it’s a huge opportunity for the local players to dominate this market.
Inside FPV brings drone parts from China, Hong Kong & Taiwan and integrates, and assembles them in India.
|Fiscal Year||Annual Sales|
|2021 – 2022||₹85 Lakhs|
They are projecting this year they’ll do great as they already sealed a couple of deals with an institute.
The equity structure of the company is equal right now. They all own one-third of the company.
Arth is the CEO, Oshin is the COO & Deyvant is the CTO of the company. Currently, they are not doing any business in B2B. All their sales are coming from B2C.
They are earning their money from plug-and-fly FPV drones and spare parts mostly. They sell everything through their website.
They haven’t spent any money on marketing yet. To date, everything was sold by word of mouth. They post blog posts on their website which drive traffic and eventually, the traffic converts.
Anupam Mittal thought this space was going to become extremely difficult in the future. That’s why he was out.
They’ve raised ₹25 Lakhs on a valuation of ₹12.5 Crores. They also received ₹10 Lakhs worth of grant from Indian Govt.
Peyush Bansal & Aman Gupta gave a combined offer. They offered ₹50 Lakhs for 20% equity in the company. And ₹25 Lakhs debt at 0% interest. Which gives the company a valuation of ₹2.5 Crores.
|Offer 1||Offer 2|
|Peyush Bansal & Aman Gupta – ₹50 Lakhs for 20% & ₹25 Lakhs debt at 0% interest||Amit Jain & Namita Thapar – ₹75 Lakhs for 15% & No Debt|
Amit Jain & Namita Thapar gave a combined offer of ₹75 Lakhs for 15% of the company. Which gives the company a valuation of ₹5 Crores.
The deal was closed at ₹75 Lakhs for 15%. All 4 sharks got a piece of the deal. Aman Gupta, Amit Jain, Peyush Bansal & Namita Thapar.
|Company Name||Inside FPV|
|Founders||Oshi Kumari, Arth Chowdhary & Deyvant Bhardwaj|
|Asked Amount||₹75 Lakhs for 4%|
|Final Deal||₹75 Lakhs for 15%|
|Sharks||Aman Gupta, Amit Jain, Peyush Bansal & Namita Thapar|
|Company Net Worth||₹5 Crores|
|Company Status||In Business|