[Funding alert] insideFPV Secures INR 2.75 Cr in Seed Round

insideFPV, a manufacturer of drones, secured Inr 2.75 Crores in a Seed Round headed by Inflection Point Ventures. The money will be used for manufacturing, advertising, and research.

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The company's present emphasis is on the consumer drone market, with farming and security following in the next several years. Their drones are small, sturdy, and agile, and prices range from INR 2800 and above to accommodate various use cases. The business was the first drone startup to appear on Shark Tank India, as reported by Indianweb2.com.

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."

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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."

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."

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About insideFPV

In the year 2020, Oshi Kumari, Arth Chowdhary, and Devyant Bhardwaj founded insideFPV. The company is the first in India to offer Plug and Fly FPV drones, allowing consumers to simply plug the battery in and take off. It handles the rest by offering free counseling and a drone crash warranty.

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