VECROS ATHERA Drone on Shark Tank India Update

Last updated on 18 February 2024.

Find everything about VECROS’ pitch on Shark Tank India, its founders, and the latest updates about the company!

VECROS on Shark Tank India

There are so many drone startups in the world, but this one is solving a different problem.

Here are the key details about their pitch on Shark Tank:

Name	VECROS
Founders	Besta Prem Sai, Rajeshree Rajesh Deotalu
Episode	Season 3 Episode 10
Ask	₹1 Crore for 2.5% Equity
Deal	₹20 Lakhs for 1% Equity + Debt
Shark	Aman Gupta
Status	In-business

VECROS is a Tech startup that focuses more on autonomous drones. Their hero product is ATHERA, which is India’s first Self-flying AI drone. It can used in construction, bridge inspection, and disaster relief. The other one is JASPER, made for confined spaces.

What they have done is developed a good system and hardware for self-flying drones, if we say to say in short, and that’s what makes them different.

The founders were looking for ₹1 crore investment in return for 2.5% equity. The pitch started with a drone demo, which was going well until a small accident happened where the drone broke down.

They have two different revenue streams: the first one is they sell drones and all the services, and the second one is to give drone services as a service. However, it was still pre-revenue, which means they have not made any sales till now.

Also, the founders have received an offer before for a 70% acquisition at ₹15 crores, but they think that they can improve the technology and make it bigger. 

Namita was out because she believed the competition would soon come to snatch their market share. Anupam advised them to partner with tech organizations so that they can focus on research and development.

Deepinder had similar thoughts on competition and their lack of a business model. Still, Aman was there and he was eager to give his offer, even though he was also not convinced with the Aman. He was ready to give ₹10 lakhs for a 1% stake. 

Watch the Full Pitch here:

Aman Gupta invested ₹20 lakhs in VECROS at Shark Tank India for 1% equity. He also gave debt of 80 lakhs, whose repayment will start after 1 year.

About The Founders

Besta Prem Sai and Rajeshree Rajesh Deotalu are co-founders of VECROS.

Besta did his B.Tech. from IIT Delhi. At that time, He participated in the Aeromodelling Club and later became a Project Associate for Aerial Robotic Inspection. In 2018, he launched VECROS.

Rajeshree is also a B.Tech. graduate from Visvesvaraya National Institute of Technology. She also had an interest in Drones & Robotics and was a team member of their Drone Team. She met with Besta on LinkedIn and became part of VECROS.

After Shark Tank Updates

VECROS met with Aman Gupta after the pitch aired.

By the way, other businesses featured in this episode were Goenchi Fenchi and Arata hair products.

Here is the official company product pitch: “VECROS is a robotics company that provides industrial inspections at scale using state-of-the-art computer vision and autonomous systems. We have revolutionized aerial robotics. We create the world’s most intelligent flying machines, powered by breakthrough Spatial AI, serving consumer, enterprise, and government customers.”

Takeaways

So now you know about what happened at VECROS’ pitch at Shark Tank India. We wish them good luck!

And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.