InsideFPV,Drone Manufacturer has raised Rs 2.75 Crores in a Seed Round led by Inflection Point Ventures. The funds will be utilized for product development, marketing and research.
Currently the company aims to capture the consumer drone space, followed by agricultural and defence space in the coming quarters. Their drones are compact, robust and agile which starts from INR 2800 onwards to cater to different use cases. The company was also featured in Shark Tank India, making it to be the first drone company to feature on the show.
Rahul Wagh, Managing Director, Inflection Point Ventures, says, “Drone usage in India is fast increasing with higher adoption through wider use cases across different industries. With the drone industry already attracting private investments, India is set to become a global drone hub by 2030 supported by favourable Government initiatives such as a strong Make in India push, ban on import of drones, PLI schemes for drone manufacturing and opening of airspace by adding new green zones for drones amongst others.
While drones are majorly used in the commercial, military and agricultural applications, they are an expensive device to own. InsideFPV, with its innovative technology, aims to bridge this gap by offering one of its kind Plug and Fly FPV (First Person View) feature rich drones to the consumers at an affordable price point. We at IPV have always been in the forefront to support such innovative companies and look forward to extending our strategic guidance to scale the business”.
InsideFPV is a company with a strong technical knowledge, backed by a young and dynamic team driven by their passion for drones. The Company stands out by offering cost-effective products that are specifically designed to be resistant to crashes, ensuring durability and longevity of drones for their customers.
InsideFPV boasts a talented leadership team at its helm. Arth Chowdhary, the Founder- CEO, holds a BTech degree in Mechanical Engineering and spearheads the overall strategic direction of the company. Deyvant Bhardwaj, the CTO, holds a BTech degree in Electrical and Electronics and brings a strong technical background to the company. Oshi Kumari, the COO, holds a BTech degree in Mechanical Engineering and is India’s first FPV woman drone pilot qualifying for international drone races and provides expertise in operational efficiency. Together, this dynamic trio combines their technical knowledge and business acumen to drive Inside FPV’s success.
Arth Chowdhary,Founder& CEO, InsideFPV says, “The IPV team’s efficiency during the investment process was remarkable; they worked quickly and seamlessly with our team to close the round. We were impressed with their dynamic pace and ability to keep up with the fast-moving timeline.
InsideFPV’s low-cost drones allow users to see and operate a drone as if they were sitting inside it using a real time headset and radio controller.
Deyvant Bhardwaj, Co-founder, elaborated on their main business segment, saying, “In the consumer sector, we aim to empower clients with state-of-the-art drones that bring adrenaline, excitement, and convenience to people’s lives.” Our FPV drones are built to capture breathtaking aerial footage, give exhilarating adventures, and deliver an unparalleled user experience. We are proud to be the first firm in India to offer plug-and-fly FPV drones with advanced capabilities and FPV technology.”They have also created drones with enhanced sensors and imaging capabilities for agricultural and military uses. Farmers will be able to monitor crop health and spot pests and diseases as a result of this and use data to make data-driven decisions to maximise yields, thus contributing to a more sustainable and efficient agricultural ecosystem.
They are creating drones specifically tailored for long-range missions in the defence sector. These drones will be equipped with cutting-edge technologies such as cargo-on-cargo capabilities, allowing for effective scouting and mission execution in distant and constrained areas. Working with the well-known Netherlands’ based drone bird company via ISB Hyderabad ensures that they have the best ideas and knowledge in this industry.
InsideFPV garnered notable recognition within the startup community, when it was honoured as the First Runners Up in the ShiprocketAarambh competition and recognised as one of the top 100 developing global startups at the TIE Global Summit 2022. InsideFPV has also won the most promising drone startup by the Times Group and Ivy Growth Associates further solidifying their position as a promising and successful startup in the industry.
InsideFPV has been recognised by the Government of India as a startup under the Robotics Industry by Startup India.
About InsideFPV
InsideFPV was founded in July 2020 and currently they are serving the consumer segment with ongoing trials for the defence and agriculture segments. It is India’s First Company to provide plug and fly FPV drones to be featured on Shark Tank India Season 2.
About Inflection Point Ventures & Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 8600 CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage start-ups.
