Robotics startup closes a Rs 20 lakh transaction with Aman Gupta on Shark Tank India 3

In an episode of the third season of Shark Tank India, the robotics business “Vecros” from Delhi has reached an agreement for Rs 20 lakhs with Aman Gupta, the CMO and co-founder of BOAT.

They successfully negotiated a contract with Aman for Rs 20 lakh for 1% equity and Rs 80 lakh in debt with a 10% interest rate for three years (with the option to repay the debt after a year).

“Vecros” has created a technologically sophisticated method for gathering complex data in sectors such as utilities, oil and gas, and construction that previously required human operators to go into unclean, hazardous, and dangerous places.

The cost in terms of money, time, and lives led to the creation of Athera, the first autonomous spatial AI drone in India, which is intended to build 2D–3D maps in difficult circumstances.

With the goal of changing the world through inventive, effective, and safe autonomous flight technology, Besta Prem Sai, the CEO, and Rajeshree Deotalu, the CTO, presented their ground-breaking idea on the business reality show, hoping to secure a 2.5 percent equity investment in their venture for Rs one crore.

They successfully negotiated a contract with Aman for Rs 20 lakh for 1% equity and Rs 80 lakh in debt with a 10% interest rate for three years (with the option to repay the debt after a year).

“Appearing on Shark Tank with our brand Vecros was a whirlwind, a roller coaster of emotions and opportunities,” Besta stated, reflecting on his time on “Shark Tank India.” Representing Vecros on a major platform like Shark Tank is a dream come true for someone from a little town like me. It assisted me in honing my pitch and developing my narrative skills.”

My ability to handle difficulties in situations such high stakes they also improved. The next time, I’ll be ready for such obstacles.

The experience shaped me into a resilient and articulate entrepreneur and highlighted the value of maintaining cool in high-stakes scenarios,” Besta continued.

Vecros is now the only firm in India with an autonomous spatial AI drone, having started as a small student group at IIT Delhi researching on drones. “Shark Tank India 3” airs on Sony LIV.

Their ground-breaking drone, Athera, is outfitted with eight cameras, allowing it to avoid obstacles autonomously they sophisticated capabilities like GPS-denied navigation and 360-degree obstacle avoidance using computer vision.