Entrepreneurship & Development · End-term presentation

Your story, written in the sky.

India’s first affordable, wedding-first drone light show company.

Drone startup · MVP stageJaipur · RajasthanTeam Vyom
Deepesh Ahirwar2023UCP1692Mrunal Shah2023UCP1838Abhinav Ukharde2023UCP1808Ravinder Sidh2023UCP1722Dhiraj Chouhan2023UCP1591Shreykumar B. Sojitra2023UCP1969
1 · Problem identification

We started with six problems.

Each came from something we saw around us. We pitched all six in class before choosing one.

01

Marketplace

We noticed: Buying or selling anything means endless back-and-forth on price.

A marketplace where buyers and sellers negotiate on their own criteria to reach a fair, fast deal.

02

Chess community

We noticed: Players we know had no casual, offline place to meet and play.

Chess meetups in a café where people play and meet new people.

03

AI visual goggles

We noticed: Local shops can only show what is on the shelf.

AI goggles that let customers see other combinations, independent of stock.

04

Farm-to-household produce

We noticed: Farmers earn little while households pay more through middlemen.

Vegetables direct from farmers to homes: saves customers time, pays farmers more.

05

Drone shows

We noticed: Wedding skies are full of fireworks; drone shows exist but cost ₹10 L+. We build drones.

Affordable drone light shows for Indian weddings, festivals and sports events.

06

AI farm intelligence

We noticed: Farmers plan crops without reliable weather or buyer information.

An AI app / broadcast that predicts weather and links farmers with factories and exporters.

2 · Evaluation of alternatives · team scoring, 1 (low) to 5 (high)

Five criteria. One clear winner.

IdeaMarket needWillingness to payFits our skillsCompetitive gapEase to start (capital, time)TotalWhy we kept or dropped it
Marketplace3232313 / 25Crowded (OLX, IndiaMART); trust is hard to build
Chess community2123513 / 25Easy to start, but very small revenue
AI visual goggles3334114 / 25Costly AR hardware; long R&D before a sale
Farm-to-household4222212 / 25Thin margins, cold chain, strong rivals
AI farm intelligence5132314 / 25Real need, but farmers have low ability to pay
Drone shows4554220 / 25Chosen: high need and price, and our core skill

Each idea was scored by the team on the same five criteria, equally weighted. Ideas lost mostly on willingness to pay or fit with our skills.

3 · Final problem selection

Everyone wants one. Few can afford it.

Problem we chose: drone light shows in India cost ₹10–50 L, so almost no wedding can have one, and fireworks are the only option left.

Relevant

Weddings are India’s biggest celebration spend (₹6.5 L Cr a season). Fireworks face pollution limits and bans. Families want something new for Instagram.

Feasible for us

We have built drones and worked on swarms. Self-built drones cost ~₹45k vs ₹1.3–2 L bought, and the import ban protects local builders.

Real market need

Shows exist and sell (BotLab: ₹48.5 Cr revenue FY25), but only at the top end. Nobody serves the ₹5–6 L wedding.

4 · Double Diamond design process

How we got from six ideas to one solution.

Discoverdiverge Defineconverge Developdiverge Deliverconverge ◆

Discover

  • 6 problems from daily life
  • Desk research: market, rivals, rules
  • Watched weddings & fireworks around us

Define

  • Scored 6 ideas on 5 criteria
  • Problem: shows cost ₹10 L+, so weddings can’t have them

Develop · options compared

  • Import a fleet: banned since 2022
  • Buy Indian show drones: ₹1.3–2 L each
  • Resell an incumbent: no margin
  • Build our own: ~₹45k / drone

Deliver · plan

  • Simulation → 10-drone swarm → 100-drone demo
  • First paid shows in Jaipur
  • Demo shows with planners to test demand
Prologue

India celebrates with light.

Baraats, lights, fireworks: every Indian wedding lights up the night. Now, India has started writing in the sky with drones.

The question we asked: can that magic come to every big Indian wedding?

Drone light show forming Lord Shiva at Maha Kumbh
Drone show, Maha Kumbh · 21GauriGuptaa, CC BY-SA 4.0
A lively baraat at night under lit umbrellas
Baraat at night · 03Ani03, CC BY-SA 4.0
The moment

9:00 PM. A palace hotel in Jaipur. The baraat arrives.

Today

Fireworks. 90 seconds of noise and smoke. Grandmother covers her ears. The photographer gets a hazy frame. It looks like every other wedding.

Imagine instead

Silence. 100 points of light rise over Amer Fort and draw Ganesh ji…

…then the couple’s names, Aarav & Meera…

…then two rings joining as the varmala happens. Every phone is up. It’s on 300 Instagram stories before dinner.

Origin

We’re computer-science students who build drones.

Hands-on swarm robotics

Our team has built and flown drones and worked on multi-drone swarming — flight control, GPS, coordination.

We saw it abroad

US 4th-of-July shows. China’s 10,000+ drone records. Hungary’s parliament lit by a horse-archer in the sky.

And asked one question

India spends more on celebration than almost anyone. Why don’t Indian families have this?

Drone show forming a horse archer over the Hungarian Parliament
Drone show over the Hungarian Parliament · Envagyokabela, CC BY-SA 4.0
Drone show at Telluride Film Festival
Telluride Film Festival drone show · Hannah Clover, CC BY 4.0
Iteration #1 · click each card

Research proved our first idea wrong — and made it better.

We believed

“Nobody in India does drone shows.”

We found

BotLab Dynamics flew 1,000 drones at Beating Retreat 2022 and 5,500 at the Ambani pre-wedding. ₹48.5 Cr revenue in FY25.

Wrong — but the price gap is real
We believed

“Indians spend lavishly on weddings.”

We found

₹6.5 lakh crore in one 6-week season. Jaipur has India’s highest average wedding budget: ~₹73 lakh.

Right — stronger than we thought
We believed

“The import ban on drones hurts the business.”

We found

It blocks cheap Chinese fleets — so whoever can build locally gets protection.

Flipped — it’s our moat
We believed

“A show could cost about ₹5 lakh.”

We found

Self-built drones at ~₹45k vs ₹1.3–2 L commercial. Incumbent runs ~33% net margin.

Feasible for 100 drones — not 500
We believed

“Demand is just weddings.”

We found

Festivals, corporate launches, hotels’ New Year, government events, IPL — all buy shows.

Bigger market
We believed

“Our robotics skill is the main asset.”

We found

Needed — but safety ops, compliance and sales matter just as much.

Partly right
BotLab financials: Indian Startup Times (aggregator, unaudited) · CAIT 2025 · WedMeGood 2025–26 · DGFT import notification, Feb 2022
I

The problem

Every celebration wants a “wow” moment. The two options today both fail.

Customer problem

Affluent families want a unique, shareable moment. Today they get two bad choices.

Fireworks

  • Polluting & noisy — elders, kids, pets, heritage venues
  • Increasingly banned — Delhi-NCR allows green crackers only in short windows
  • Generic — can’t show your names or deity
  • Over in seconds, single use

Today’s drone shows

  • ₹10 L+ for 100 drones (BotLab)
  • ₹15–50 L typical for weddings
  • ₹25 L–2.5 Cr outdoor (Dronisos)
  • Only billionaires and governments buy

Supply is far away

  • Capacity sits with Delhi-based or foreign operators
  • Travel & stay costs added to every Rajasthan show
  • Hard to do site visits, rehearsals, quick changes
  • Few local operators in Jaipur

“The magic of a drone show exists in India — it just isn’t affordable or local for the families who want it most.”

BotLab (Exchange4media) · WeddingSutra (Dronisos) · Witan World wedding guide · Supreme Court orders on Delhi-NCR crackers, 2025–26
Same sky · two choices

Two ways to light the sky.

vs
Fireworks

90 seconds. Then smoke.

Loud, polluting, single-use, banned in more cities every year, and it can’t say your name.

Vyom drones

Silent. Clean. Personal.

Reusable for hundreds of shows, allowed where crackers aren’t, and it can draw a heart, a deity, or your names.

The substitute we replace

Fireworks are a ₹6,000 Cr habit under pressure.

₹0Cr
Sivakasi fireworks sales, one Diwali season (2024–25)
0hrs
Bursting allowed per day in Delhi-NCR on 2 days (Diwali 2026), then a full ban

Drones are silent, smoke-free, reusable and personal — and they’re allowed where fireworks aren’t.

Hazy Delhi after Diwali
Post-Diwali haze, Delhi · TargetAimShoot, CC BY-SA 3.0
Fireworks vs Vyom drones
Our assessment, 1–5 (higher is better for the customer)
Sivakasi: New Indian Express / DTNext (₹6,000–7,000 Cr) · Delhi rules: Supreme Court order via Time Out, Court Book (Nov 2026) · Scores: team assessment
II

The market

How big is the sky?

The Indian wedding economy

One six-week season. ₹6.5 lakh crore.

0lakh
weddings between 1 Nov – 14 Dec 2025 (CAIT, 75 cities)
₹0L Cr
of wedding trade in that one season
₹0L
average wedding budget in 2025, up 8% YoY (WedMeGood)
₹0L
Jaipur — highest average budget in India
Wedding-season trade, ₹ lakh crore
Fewer weddings, more spent on each one

10–15% of a wedding budget goes to decor & entertainment — that’s ₹7–11 L in an average Jaipur wedding. A ₹5 L show fits.

CAIT wedding-season estimates 2023–2025 (projections) · WedMeGood Annual Wedding Industry Report 2025–26 (~2,000 couples) · Kotak Mahindra AMC (Nov 2025) on budget shares
Beachhead market

Why start in Jaipur?

0
weddings expected in Rajasthan in a season
7–10k
of them in Jaipur
6–8%
are destination weddings
Top 3
destination-wedding city in India (with Udaipur, Goa)
75–80%
5-star hotel occupancy in peak season (Jaipur, Udaipur, Jodhpur)
₹73 L
average wedding budget — #1 in India

Logistics advantage: a Jaipur base reaches Ajmer–Pushkar same-day, Jodhpur and Udaipur overnight, and Delhi-NCR / Agra destination weddings by road. Udaipur palace weddings are becoming “unaffordable even for HNIs” — pushing demand to Jaipur.

All Wedding Industries Federation Rajasthan via Business Standard · WedMeGood 2025–26 · WeddingSutra luxury survey 2026 · MarkNtel (occupancy). Hover the map’s cities and the airport zone.
Segments & seasonality

Weddings are the core. Five more segments fill the calendar.

Weddings

Baraat, varmala, sangeet, reception · peak Nov–Feb, Apr–Jun

Religious festivals

Diwali, Navratri, Durga Puja, Teej, Gangaur, Deepotsav · BotLab flew 3,000 drones for Durga Puja

Corporate

Product launches, dealer meets, annual days · weekday dates

Hotels & resorts

Rambagh, ITC Rajputana, Fairmont, Leela · New Year’s Eve, signature shows

Government

Republic Day, Rajasthan Diwas, tourism festivals · big budgets, tenders

Sports & fests

IPL at SMS Stadium (Rajasthan Royals), concerts, college fests

Demand calendar
Our estimate from wedding-muhurat seasons and the festival calendar · hover cells
Team estimate from the Hindu wedding-muhurat calendar and the festival calendar · BotLab Durga Puja 2026 (Outlook Business PR)
Global context

A fast-growing global industry — and India is expensive.

2025 market size estimates
Firms disagree on size · agree on ~15–20% CAGR
Drones in one show
Records & India milestones
Price per drone per show
India avg. is the highest — our opening
~15–20%
annual growth (most estimates)
38%
North America’s share — the largest region
$330 → $65
India avg. per drone vs Vyom target
KBV, Credence, Grand View, DIResearch, Global Info Research · Guinness World Records / DAMODA / HighGreat · 2024 analysis of ~1,000 shows (The Drone Girl) · *EHang 2026 record not Guinness-confirmed · ₹85 = $1
Market sizing · hover the circles

₹7,800 Cr total market. We aim for ₹20–30 Cr.

LayerDefinitionValue / yr
TAMAll affluent Indian weddings + events₹7,800 Cr
SAMRajasthan + destination weddings reachable from Jaipur₹450 Cr
SOMA realistic 5–7% share of SAM · ~400–550 shows / yr₹20–30 Cr

Each ring is a slice of the one before: all of India → what we can reach from Jaipur → what we can realistically win.

Our assumptions on CAIT / industry wedding counts (1.5% of ~80 lakh weddings affluent; ₹5 L per show; +30% events) · Rajasthan counts: AWIF via Business Standard
III

The customer

Who pays, who enjoys, and what they really want.

Primary segment

Affluent wedding families in Rajasthan.

GeographyJaipur first → Udaipur, Jodhpur, Ajmer–Pushkar · destination weddings from Delhi-NCR, Gujarat, Mumbai
Wedding budget₹40 lakh – ₹2 crore (Jaipur average ₹73 L)
Household₹50 L+ income · business families (jewellery, textiles, marble, real estate, hospitality), senior professionals, NRIs
AgeParents 45–60 (pay) · couple 25–32 (push for “Instagrammable”)
CultureMarwari, Rajput, Jain, Punjabi, Gujarati families · grand public celebration, religious imagery
PsychographicsStatus-conscious, social-media active, want “something nobody in the family has done”
BuyingBook vendors 2–6 months ahead · negotiate hard · like bundled packages

Secondary segments

  • Destination-wedding planners — 50–100 active in Jaipur/Udaipur
  • Palace hotels & resorts
  • Corporates & event agencies
  • Temple trusts, puja committees
  • Government & tourism

~9% of surveyed weddings cost over ₹1 crore — and 60%+ of those are destination weddings.

WedMeGood 2024–25 and 2025–26 reports (survey skews urban & affluent) · demographic profile: team synthesis
6 · Market research & customer validation · published surveys

Survey evidence from 30,000+ respondents.

Why we used published surveys

Our buyers are families spending ₹40 L+ on a wedding, and the planners and venues who serve them. Fifty answers from classmates would not represent them. So we used India’s largest wedding and festival surveys, with 2,000 to 28,000 respondents each, and cite every number.

What it tells us

  • Ability to pay: a ₹5.5 L show is ~14% of an average wedding, ~7.5% of a Jaipur one
  • Need: most households are moving away from crackers, mainly over pollution
  • Fit: couples want personalised, experience-led weddings
  • Reach: they choose vendors through Instagram, referrals and reviews

Next step: test real demand with planners and venues at our demo shows.

₹39.5 L
average wedding spend, up 8% a year · Jaipur leads at ₹73 L
WedMeGood 2025–26 · 2,000+ couples, 500+ vendors
~9%
of weddings budget over ₹1 Cr; 60%+ of those are destination weddings
WedMeGood 2024–25 · 3,500+ couples
2 in 3
households did not plan to burst crackers at Diwali; 63% of them cited air pollution
LocalCircles 2021 · ~28,000 households, 371 districts
50%+
of couples chose eco-conscious options in their wedding planning
WedMeGood 2024–25 · 3,500+ couples
80%+
of wedding spend is paid from personal or family savings (≈12% loans)
WedMeGood 2024–25
1 in 3
couples check online reviews before booking; growth led by referrals & Instagram
WedMeGood 2025–26

“Couples are prioritising meaningful, personalised celebrations over sheer scale.”

WedMeGood Annual Wedding Industry Report 2025–26
WedMeGood Annual Wedding Industry Reports 2024–25 & 2025–26 (wedmegood.com) · LocalCircles Diwali survey via ThePrint, 3 Nov 2021 (Covid-year sample; online panel)
Value Proposition Canvas · hover any item to see the fit

Our value map fits the customer’s jobs, pains and gains.

Products & services
50 / 100 / 200-drone packages · 30+ Indian template formations
End-to-end permissions · 3D preview for approval · aerial-video add-on
Pain relievers
Half the market price (₹5–6 L)
Silent, smoke-free, no fire risk
Safety plan, geofence, insurance, backup date
Local Jaipur team, no travel surcharge
Gain creators
Names, deity, rings, doli — in the sky
Reels-ready video of the moment
“First in the family” status
One vendor handles all approvals
FIT
⇄
Pains
Drone shows cost ₹10–50 L
Fireworks: smoke, noise, bans
Fear of something going wrong
Out-of-town vendors, hidden costs
Gains
Personal, emotional moment
Instagram-worthy content
Guests talk about it for years
Peace of mind
Customer jobs
Create a highlight moment for 300–1,500 guests
Honour the deity & family · make the couple feel special
Framework: Osterwalder et al., Value Proposition Design (Strategyzer) · content: our customer research
IV

The competition

Who’s already in the sky — and where the gap is.

Competitor landscape

A real industry exists — priced for the top 1%.

CompanyBaseWhat we knowPrice signal
BotLab Dynamics LeaderNew Delhi · IIT Delhi1,000 drones at Beating Retreat ’22 · 5,500 at Ambani pre-wedding · 700+ shows · ₹48.5 Cr FY25 revenue₹10 L+ / 100 drones
GeoscanRussian-linked3,000+ drone capability · operates in IndiaPremium, quote
DronisosFranceLuxury weddings via WeddingSutra₹25 L–2.5 Cr outdoor
xBoom · Airbotix · Trzy XIndiaNational wedding drone-show brands, heavy blog marketingQuote-based
Astra MerakiKeralaRegional South India · 400-drone festival show—
SkyLit Drone Shows JaipurJaipurWeddingWire listing · 200+ dronesNot public
Magic Wingz Events JaipurJaipurEvent company offering drone showsFrom ₹15 L
Global: Sky Elements, Nova Sky Stories, Verge Aero, DAMODA, HighGreatUS · ChinaCannot sell finished drones into India (import ban) — but show the model works$200–500 / drone
Company websites & listings (IndiaMART, WeddingWire, WeddingSutra) · Exchange4media · Indian Startup Times · The Drone Girl · Next step: call 3–4 of these for real quotes
Positioning · hover the dots

Nobody owns local + affordable.

Every drone-show player sits at ₹10 L+. Fireworks are cheap but generic. The bottom-left of the market is open.

Where Vyom competes

  • Small–mid shows (50–150 drones), not records
  • Rajasthan first, same-day service
  • Template + personalisation — fast, cheap design
  • Wedding-first, festivals & corporate off-season
Prices from public listings; positions for SkyLit and presence scores are our estimates
Incumbent deep-dive

The leader proves the market — and the margin.

₹48.5 Cr
FY25 revenue (+26%)
~33%
net profit margin
~99%
of revenue from show services
700+
performances claimed

So what?

A one-third net margin means prices are set by scarcity, not cost. A leaner local player can charge 40–50% less and still be profitable.

Their strengths: 7+ years of reliability, government trust, records, and they can cut prices if challenged. We don’t fight them for Republic Day — we take the weddings they don’t prioritise.

BotLab Dynamics financials
₹ crore · aggregator data, unaudited
Indian Startup Times (FY25) · Marca Money (FY24) · ElectronicsForU interview (99% services) · Preqin (₹20 Cr from Florintree, 2023)
V

The solution

Introducing Vyom — the sky, made personal.

What we do · unique value proposition

“A personalised 100-drone sky show: your names, your deity, your moment, at half today’s price, run safely by a local Jaipur team.”

Own-built drones

Assembled in India from imported + Indian parts. ~₹45k per drone vs ₹1.3–2 L commercial. Legal under the import ban.

Indian template library

30+ ready formations: ॐ, Ganesh ji, diya, doli, varmala, rings, Hawa Mahal, names. Design cost → near zero.

Local, end-to-end

Site visit, airspace check, DigitalSky & police permissions, safety plan, show, video: one Jaipur team.

Positioning: for affluent Rajasthan families planning a memorable wedding, Vyom turns key rituals into personalised sky art. Unlike fireworks it’s clean and personal; unlike existing drone-show companies it costs half as much and is local.

Product · click a package — the sky changes size

Three packages. One for every budget.

Shagun

50 drones · 5–6 min

6–8 template formations + couple’s names · sangeet, mehendi, small venues

₹2.5–3 L

Shubh Vivah Core

100 drones · 8–10 min

Deity, names, rings, heart, varmala · synced to your song · 3D preview

₹5–6 L

Maharaja

200+ drones · 12–15 min

Fully custom 3D story + pyro-drones · palace weddings

₹10–14 L

Corporate & festival

Logo / product reveal, QR code, deity for temples · ₹6–15 L

Add-ons

Aerial film · 2nd-night replay (−40%) · pyro-drones · live-stream

Click a package to fly it
Prices exclude 18% GST · 50% advance at booking · peak-muhurat dates +15–20%
VI

Behind the scenes

Into the workshop: the drone we build, how 100 of them fly as one, and how we keep every show safe.

Made in IndiaOpen-source coreRTK ±2 cm
How a drone show works

From a family’s idea to light in the sky.

01

Design

Animate in Blender + Skybrush Studio → one flight path + LED track per drone, spacing ≥ 1.5 m.

02

Simulate

Whole show rehearsed in ArduPilot SITL. The family approves a 3D preview video.

03

Permit & survey

Airspace zone, DigitalSky, police / venue NOC, wind check, crowd buffer.

04

Set up

Drones laid out on the launch grid; the RTK base station gives each one ±2 cm positioning.

05

Fly

One operator presses start. Every drone flies its own pre-loaded path on a shared GPS clock.

06

Land & deliver

Auto-land, recharge, logs. Aerial video to the family within 48 hours.

8–15 min
show length
60–120 m
altitude
±2 cm
RTK accuracy
10–15%
spare drones
Proposed technical solution

Four layers, one clock.

Robust

Each drone carries its own path; a short radio drop doesn’t break the show.

Open-source

ArduPilot + Skybrush: no per-drone licence fees.

Our layer

Indian template library · name → formation generator · custom PCB.

Skybrush hardware docs (RTK base / NTRIP, Pixhawk-class autopilots) · ArduPilot
Bill of materials · auto-tour · click any row

A show drone for ₹45,000.

About ⅓ the cost of a commercial show drone, and legal: components can be imported, finished drones can’t.

₹45k
Vyom self-built
₹85k
DIY kit route (US)
₹1.45 L
UVify IFO
₹1.3–2.1 L
Verge Aero X1
Indian retail prices (Robocraze, Zbotic, GenX: ZED-F9P ₹15–22k) · Verge Aero, UVify, Drone Dojo via The Drone Girl · team BOM estimate (range ₹28.6k–61k)
R&D · bringing the cost per drone down

Nine levers to make every drone cheaper and safer.

1 · Open-source stack

ArduPilot + Skybrush: no bundled licence cost

2 · Cheaper RTK

Bare F9P / UM980 chips on our own board; bulk; Indian boards

3 · One integrated PCB

FC + ESC + LED + comms on one board: −20–30%

4 · Moulded frame

₹1–3 L mould → ₹300–600 per frame

5 · Design for repair

A crash costs a ₹500 arm, not a ₹45k drone

6 · Battery life

Smart charging: 300+ cycles instead of 150

7 · Scale with revenue

10 → 50 → 100 → 200 drones, never all upfront

8 · Fleet pooling

Partner for rare 500-drone jobs

9 · Reusable templates

Design cost per show → near zero

R1 · NOW

Simulation

50-drone show in SITL · ₹0

R2

10-drone swarm

RTK accuracy, wind, LEDs · ₹5–8 L

R3

50-drone pilot fleet

<1 failure per 1,000 drone-flights

R4

Custom PCB v1

~₹30–35k per drone

R5

200+ fleet, 3D, pyro

Premium differentiation

Safety engineering

One crash can end a brand. Safety is the product.

1

Never over the crowd

Show box designed to “fail away” from spectators · 50 m+ buffer

2

Geofence + failsafes

Leaving the box → land or motor-cut · low battery / lost RTK → return home

3

Automated pre-flight checks

Battery, RTK fix, compass, satellites: a drone that fails doesn’t take off

4

Wind go / no-go at altitude

The Melbourne 2023 lesson: measure at show height, and dare to cancel

5

Redundant comms, land-all, insurance

Proper radios, not consumer Wi-Fi · third-party + event liability cover · flight logs

Regulation & import

The import ban isn’t our obstacle — it’s our moat.

Banned since 9 Feb 2022

Finished drones — CBU, SKD, CKD — except R&D / defence with DGFT approval

→

Free to import

Components: motors, FCs, RTK modules, LEDs · ~2.5% duty on drone parts

→

Vyom

Assemble, integrate & certify in India

Compliance checklist (Drone Rules 2021)

  • Type certificate for our drone model (3–6 months)
  • UIN for every drone on DigitalSky
  • Remote Pilot Certificates for 2–3 of us
  • Third-party insurance (mandatory)
  • Per show: zone check, police/DM & venue NOC
  • Lithium batteries: BIS certified, 20% duty

Airspace zones

Green — up to 400 ft, no prior permission

Yellow — 8–12 km from airports above 200 ft → permission

Red — prohibited without central approval

Jaipur-specific: Sanganer airport is in south Jaipur — venues on Tonk Road, Sitapura, Jagatpura are likely yellow zone. We map every partner venue in advance.

DGFT notification (Feb 2022) via Business Today / Deccan Herald · Drone Rules 2021 (Inc42, Khaitan & Co) · ICAO WP (insurance) · Treayo (HS 8807 duty) · Advance ruling (battery BCD)
Lean startup · Build → Measure → Learn

We’re at the MVP stage. Cheapest test first.

Riskiest assumption #1 · Desirability

Will families & planners pay ₹5–6 L?

#2 · Feasibility

Can a student team fly a reliable, safe swarm?

#3 · Viability

Does each show cost under ~₹2 L to deliver?

WE ARE HERE
MVP-0 · ₹0–5k

Concept smoke test

Animated show video + landing page with price & WhatsApp · do people enquire?

AND HERE
MVP-1 · ₹0

Simulation

50-drone show in ArduPilot SITL + Skybrush · you’ll see a live version next

MVP-2 · ₹5–8 L

10-drone swarm

RTK accuracy, LED brightness, flight time, wind

MVP-3 · +₹10–20 L

Concierge show

25–50 drones at a college fest / partner hotel / friendly wedding

Product v1 · ₹81 L

100-drone fleet

Paid packages, 25 shows in year 1

Go / no-go gates

≥ 20 qualified enquiries and ≥ 5 planners saying “I’d pitch it at ₹5 L”

10-drone swarm: <10 cm error, 0 collisions in 20 flights, ≥10 min flight

First show: setup ≤ 3 h, 0 safety incidents, cost ≤ ₹2 L

Framework: Eric Ries, The Lean Startup (2011)
Live MVP · type anything
Formations
Fleet size420 drones
Equivalent: ₹5–6 L · drag the sky to rotate
VII

The business model

How Vyom creates, delivers and captures value.

Business Model Canvas · elements 1–9 · click any block

Vyom on one canvas.

Read 1 → 9: who we serve, what we promise, how we reach them, how we earn, and what it takes. Elements 10–16 on the next slide.
Extended canvas · elements 10–16 · click any card

What it takes to run it.

The classic canvas leaves out operations. For a hardware + events business, these seven decide whether the model works.
Zbotic / Robu.in listings · Porter & TruckGuru (Jaipur mini-truck rates) · ICICI Lombard, Oriental UAV, Bajaj Allianz (drone insurance) · AKGEC, Flapone (RPC fees) · DGFT import notification · team estimates
Revenue model & pricing strategy

Penetration pricing on a premium experience.

Revenue streams

Wedding show packages~75%
Corporate, festival & hotel shows~15%
Add-ons: aerial film, replay night, pyro-drones~5%
Brand sponsorship of public shows~5%

Future (Y3+): fleet rental & white-label to agencies · Made-in-India show-drone kits + software + training — could become the bigger business.

Pricing tactics

  • Value-based, penetration-priced — ~50% below incumbents to win share
  • Peak-muhurat surcharge +15–20% on the most-demanded dates
  • 50% advance at booking — funds working capital
  • Off-season discount 15% (Jul–Sep) to lift utilisation
  • 2nd-night replay −40% — setup already done
  • Referral credit ₹25k for every referred booking
  • GST 18% extra · GST invoice for corporates
Our cost per show~₹4.6 L₹1.95 L variable + fixed share at 25 shows
Our price₹5–6 L100 drones · flagship package
Ability to pay~7–14%of an avg wedding (₹39.5 L; Jaipur ₹73 L) · WedMeGood
Competitors₹10–15 L+BotLab, Magic Wingz, national brands
Revenue mix: team plan for Year 2 (see revenue sheet in research/data)
Funnel & sales process

B2B2C: sell through planners, delight families.

Year-1 funnel
Target: 600 leads → 25 bookings (~4%)

Sales process

1

Lead — Instagram, planner, portal

2

Discovery call — date, venue, budget, ritual moment

3

Airspace check — DigitalSky map, airport distance

4

Quote + 3D preview with their names

5

Contract + 50% advance

6

Permissions + design (2–4 weeks)

7

Show day → video in 48 h → review + referral

Partner goal: 10 active planners in Y1 × 2–3 shows each = most of our 25-show target.

Funnel conversion rates: team assumptions
Go-to-market plan

₹9 L of marketing. CAC under 10% of contribution.

Year-1 marketing calendar

WhenFocus
Months 1–3Instagram presence with simulation & MVP videos · interview planners
Month 6Launch demo show (college fest / partner hotel) · press & influencers
Aug–OctPlanner tie-ups · wedding expos · Navratri / Diwali festival shows · early-bird offers
Nov–FebPeak wedding season · capture content at every show · reviews
New Year’s EveHotel & resort shows (premium)
Mar, Jul–SepCorporate, hotels, college fests · 15% off-season discount

Budget (Y1)

Launch demo show₹3.0 L
Instagram / YouTube ads₹2.0 L
Influencers₹1.5 L
Portals · expos · content₹2.5 L
Total₹9.0 L
₹36k
CAC per booking (Y1)
₹3.55 L
contribution per show
Team plan · CAC = ₹9 L ÷ 25 bookings, falling as referrals grow
VIII

The numbers

Cost sheet, revenue sheet, break-even, payback.

Startup capex · hover the blocks

₹81.25 lakh to put 100 drones in the sky.

Per drone

₹45,000 × 115 (100 + 15% spares)

RTK ₹15k · FC ₹6k · batteries ₹5k · motors ₹4.5k · ESC ₹3k · rest ₹8.5k

Lean option

~₹45 L for a 50-drone start

Launch Shagun packages first; grow the fleet from revenue.

Why it’s fundable

₹20 L grant + ₹30 L debt from Startup India Seed Fund, ₹30 L angel, ₹5 L founders — and 50% customer advances.

Cost sheet: research/data/capex_startup.csv · BOM: research/data/bom_per_drone.csv
Cost sheet per show · unit economics

Each 100-drone show leaves ₹3.55 L of contribution.

From price to contribution
₹ lakh per 100-drone show (excl. GST)
65%
contribution margin
19 shows
break-even per year (incl. depreciation)
12 shows
cash break-even

Fixed: ₹40 L/yr (salaries ₹24 L, workshop, insurance, marketing) + ₹27 L depreciation.

research/data/cost_sheet_per_show.csv · break-even = (₹40 L + ₹27 L) ÷ ₹3.55 L
Interactive · stress-test our model

Move the sliders. Does the business still work?

Price per show
Shows per year
Drones lost per show
Partner commission
Fleet size
—
contribution / show
—
break-even / year
—
annual EBIT
—
payback at this volume
—
capex
Annual EBIT vs shows per year
Gold dot = your scenario · dashed line = break-even
Simplified model: variable ₹0.95 L base + ₹45k per lost drone + commission; fixed ₹40 L; depreciation ⅓ of capex; 25% tax. Base case matches our cost sheet.
Revenue sheet · 5-year projection (base case) · payback ~18 months

Revenue: ₹1.25 Cr → ₹9.9 Cr in five years.

Revenue, EBITDA & profit
Fleet grows 100 → 200 → 300 drones
Cumulative cash
After ₹81.25 L initial investment
₹3.5 Cr
Y5 profit after tax (~35% margin, in line with BotLab’s ~33%)
3.1×
cumulative PAT ÷ investment by Year 3
Y2
cash-positive year
→ ₹20–30 Cr
our SOM: reached after Year 5 with ~7–9 fleets (each fleet ≈ 50–55 shows a year)
Scripted model: research/data/pnl_5yr.csv · 25% tax · Y3 2nd fleet at ~₹35k/drone (custom PCB)
Investment & repayment

₹85 L raised. Every rupee has a way back.

Funding mix · hover
₹ lakh

Debt · ₹30 L at ~10%

Y1Y2Y3
Interest3.03.01.5
Principal01515
Free cashbuffer106159

Angel · ₹30 L for ~15%

Y5 PAT ₹3.5 Cr × 8–10× = ₹28–35 Cr valuation. Diluted to ~10% → ₹2.8–3.5 Cr, a ~9–12× return in 5 years. Dividends possible from Y3.

Grant · ₹20 L (SISFS)

Startup India Seed Fund: up to ₹20 L grant for proof-of-concept and up to ₹50 L debt, via DPIIT incubators. Not repaid; milestone-based. Plus iStart Rajasthan.

SISFS amounts: Startup India / Razorpay Rize / Outlook Business · iStart Rajasthan · repayment & returns: team model (illustrative)
IX

The honest part

What could stop us — and what we learned from those who fell.

Reflection

Why it looked promising — and the main drawback.

Why it seemed promising first

  • A huge, emotional celebration market (₹6.5 L Cr / season)
  • A visible “wow” product that sells itself on Instagram
  • A team with real drone & swarm skills
  • Open-source software + cheap parts made it look like “just engineering”
  • Fireworks bans create a ready substitute opportunity

The main drawback

It’s capital-heavy, high-trust and high-consequence.

  • ~₹80 L of hardware before the first real paid show
  • One crash in front of 500 guests can end the brand and bring lawsuits (Orlando 2024)
  • Demand clusters on the same muhurat dates — one fleet, one show a night
Feasibility bottlenecks · risk matrix · hover the dots

Eleven bottlenecks, each with a plan.

Bottlenecks

Likelihood / impact: team assessment (research file 07)
Execution timeline · Year 1

From customer interviews to 25 paid shows.

M1
M2
M3
M4
M5
M6
M7
M8
M9
M10
M11
M12
Customer interviews & real quotes
MVP-0 video + landing page
MVP-1 simulation
Company, DPIIT, SISFS application
MVP-2 · 10-drone swarm
Pilot training · type certificate
Demo show (college / hotel)
Fleet build 50 → 100
Planner & hotel partnerships
Paid shows · wedding season
If Month 1 = January 2027 → first full season Nov 2027 – Feb 2028
What we’re looking ahead to

From Jaipur’s skies to India’s show-drone platform.

0–6 MONTHS

Validate & build MVP

Interviews, simulation, 10-drone swarm, demo show

YEAR 1

Launch in Jaipur

100 drones · 25 shows · ₹1.25 Cr · break-even

YEAR 2

Rajasthan + NCR

50 shows · ₹2.75 Cr · corporate & festivals · custom PCB

YEAR 3

Second fleet

200 drones · 90 shows · ₹5.4 Cr

YEAR 4–5

Platform

3 fleets · ~₹10 Cr · sell Made-in-India kits, software & training to other operators

Mission

Make the sky part of every Indian celebration — safely, cleanly, affordably.

Long term

Pyro-drones & 3D shows · sky advertising · government tenders · exporting Indian show drones to the Middle East and South-East Asia.

The ask

₹85 lakh to light up Jaipur’s skies.

₹62.75 L
fleet & ground equipment (77%)
₹10.5 L
R&D, certification, training (13%)
₹3 L
launch marketing (4%)
₹5 L + buffer
working capital (6%)

Milestones we commit to

  • Month 6: 10-drone swarm + public demo show
  • Year 1: 25 paid shows, break-even
  • Year 2: ₹2.75 Cr revenue, debt repaid from free cash

Your story, written in the sky.

Thank you · धन्यवाद · Questions welcome

Appendix

Sources & credits

MARKET

CAIT wedding-season estimates 2023–25 · WedMeGood Annual Wedding Industry Reports 2023–26 · LocalCircles Diwali survey 2021 (via ThePrint) · Kotak Mahindra AMC (budget shares) · Business Standard / AWIF Rajasthan · WeddingSutra luxury survey 2026 · Skift · MarkNtel · Sivakasi sales (New Indian Express, DTNext, Deccan Herald) · Supreme Court cracker orders (Time Out, Court Book)

GLOBAL INDUSTRY

KBV, Credence, Grand View, DIResearch, Global Info Research · Guinness World Records · DAMODA, HighGreat · The Drone Girl (prices, companies) · Verge Aero, Stanford GSB case · Intel / Nova Sky Stories (The Register, DroneDJ)

COMPETITION

BotLab Dynamics website & pricing page · Exchange4media, Pitchonnet · Indian Startup Times (FY25) · Marca Money · ElectronicsForU · Preqin · ThePrint, Free Press Journal, The Quint (Beating Retreat 2022) · WeddingWire (SkyLit, Magic Wingz) · Dronisos via WeddingSutra · Geoscan, Astra Meraki

REGULATION & TECH

DGFT import ban (Business Today, Deccan Herald, Corpseed) · Drone Rules 2021 (Inc42, Khaitan & Co, DigitalSky) · ICAO WP 532 · Treayo / DHL (duties) · PLI (India Briefing, Inc42, IBEF) · Skybrush docs · Robocraze, Zbotic, GenX (RTK prices)

FAILURES

Fox 35, ClickOrlando, The Drone Girl (Orlando 2024) · DroneDJ / ATSB (Melbourne 2023) · DroneLife (Angle Lake 2024) · NewKerala (Filmfare) · LatestLY fact-check

FRAMEWORKS

Osterwalder & Pigneur, Business Model Generation (canvas layout; icons redrawn for Vyom) · Strategyzer VPC · Ash Maurya, Lean Canvas · Eric Ries, The Lean Startup

IMAGES (Wikimedia Commons)

Hungarian Parliament drone show — Envagyokabela, CC BY-SA 4.0 · Telluride drone show — Hannah Clover, CC BY 4.0 · Hazy Delhi — TargetAimShoot, CC BY-SA 3.0 · Baraat dance — 03Ani03, CC BY-SA 4.0 · Maha Kumbh drone show (Lord Shiva) — 21GauriGuptaa, CC BY-SA 4.0 · Ganesha formation traced from “Noun Project Ganesha icon”, CC BY-SA 3.0

NOTE

Projections, TAM/SAM/SOM, costs and scores marked “Basis” are the team’s own assumptions. Full detail: research/ folder.
VYOMव्योम
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