What Happened to Vecros After Shark Tank India?

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What is Vecros?

Vecros is a drone company that offers Athera. It’s a self-flying drone powered by AI. Some key features of the drone are intelligent following, obstacle sensing, waypoint flying, auto take-off, and auto landing.

It has 21 top performance chip in it. It can fly for 35 minutes maximum. It can take 4k HD images. It also has a 5 cm position accuracy.

It has 8 cameras on it. The drone has a 360-degree view, and it can easily dodge obstacles on its way.

Athera can be used in many places like bridge inspection, construction process, monitoring different areas, and data collection during disaster relief.

Vecros has another product called Vecros Cloud where they offer cloud services to its customers.

There’s a competitor in the USA called Skydio.

Previously the company was offered ₹15 Crores for 70% equity which the founders declined.

Drones Market Share

Inspection & Surveillance37%
Consumer & rest uses15%

Who is the Founder of Vecros?

Besta Prem Sai & Rajeshree Rajesh Deotalu are the founders of Vecros. Prem Sai studied at IIT Delhi. Prem met Rajeshree on LinkedIn. She studied at NIT Nagpur.

Vecros Before Shark Tank India?

Vecros got a LOI from a company for 10 drones. Vecros worked with multiple infrastructure companies also. It got MOUs from multiple companies.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹1 Crore for 2.5% equity in the company Vecros. Which gives the company a valuation of ₹40 Crores.

How much money did they raise for Vecros?

They raised ₹1.3 Crores from a couple of investors and HNI.

How Vecros makes money?

Vecros earn money in 2 ways. One is the Enterprise model where you can buy drones and all software. Second is Drone as a service, where you can take drones from Vecros and service your clients.

How to get Vecros?

You can simply go to their brand website where you’ll get all the details.

Unit Economics of Vecros

Price without payload₹15 Lakhs
Gross profit₹9 Lakhs

What are the Annual Sales of Vecros?

September 2023₹9 Lakhs

Which shark gave Vecros an offer?

Vineeta Singh was out. She didn’t know about the drone mapping market that much. She couldn’t help the company grow. That’s why she didn’t give any offer.

Namita Thapar was out. She felt one of the existing players could add this service to their drones and beat them easily in the game.

Anupam Mittal was out. He advised them to partner with another tech commercialization company.

Deepinder Goyal was out. He didn’t like the fact that their drone crashed in the demo. Also, they were a hardware company before now they are becoming a software company as well. This didn’t quite sit well with him.

Aman Gupta offered them ₹10 Lakhs for 1% & ₹90 Lakhs debt at 10% interest for 3 years.

Offer 1
Aman Gupta – ₹10 Lakhs for 1% & ₹90 Lakhs debt at 10% interest

What deal did Vecros get in Shark Tank India?

Vecros got a deal from Aman Gupta. The deal was ₹20 Lakhs for 1% & ₹80 Lakhs debt at 10% interest for 3 years.

Company Name Vecros
Founder Besta Prem Sai & Rajeshree Rajesh Deotalu
Asked Amount ₹1 Crore for 2.5%
Final Deal ₹20 Lakhs for 1% & ₹80 Lakhs debt at 10% interest
Shark Aman Gupta
Company Net Worth ₹20 Crores
Company Website vecros.com
Company Status In Business

What is the net worth of Vecros?

The net worth of Vecros is ₹20 Crores.

Is Vecros still in Business?

Yes, Vecros is still in the drone mapping industry.

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