On Wednesday’s episode of Shark Tank India 2, Inside FPV co-founders Oshi Kumari, Arth Chowdhary, and Devyant Bhardwaj managed to secure Rs 75 lakh for 15 percent equity in their company.
On Shark Tank India Season 2, three college students impressed the sharks by presenting their company Inside FPV. VIT Vellore engineers presented India’s first consumer-based drone company and requested Rs 75 lakh for 4% equity in their venture.
Following a lengthy pitch, four’sharks’ Peyush Bansal, Amit Jain, Aman Gupta, and Namita Thapar offered them the sum but demanded 15% from co-founders Oshi Kumari, Arth Chowdhary, and Devyant Bhardwaj.
Arth said that the team tracked the response until late at night after the episode aired. Their website received 27,000 visitors and some ‘pretty good orders’ in three hours. He expressed hope that as more people watch the episode, sales will increase.
The young businessman stated that he and his team have always believed in the power of manifestation, which led them to fill out the Shark Tank India 2 forms. “Like many entrepreneurs, we hoped to be in the tank after watching the first season. However, we were unaware that we would only be present this year. Devyant, my co-founder, took the initiative, and after a glitch”
Arth Chowdhary went on to say that while they were optimistic, they never expected four out of five sharks to join them. He explained that each shark brings a unique set of skills that will benefit them in the long run.
While Peyush and Aman were initially at the top of their priority list, after meeting with Amit, they realized how important he is to their business.
“The pieces of advice and suggestions he gave us worked wonders. “Right now, we’re grateful that all four of them trusted us,” he explained.