Flyboat Startups and Innovations (How this new startup is helping the new-age startups fly their boat in 2024)

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B2C, Digital services, indian startups, Internet, services, Startups, startups in india Jun 18, 2024 0

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Flyboat provides consulting services for new startups.

What is Flyboat?

Flyboat solves critical issues faced by clients, both large and small. The startup provides a broad range of services and solutions to help organizations facilitate change, achieve their vision, and optimize performance and productivity. This Hyderabad-based startup was founded by Saketh Gangavaram in 2018.

Together, the team trains, learns, develops ideas, relentlessly explores new opportunities, advances the current systems, tests new processes, and refines strategies for businesses that are going to shape the world tomorrow. All under one roof.

It’s what strengthens their unwavering commitment to advising and guiding early-stage ventures with our expertise. The team works with the leaders of tomorrow, delivering results and reports that propel their organizations toward success.

The vision of the startup is “to build, and are in the process of building, an ever-evolving, ever-expanding ecosystem for entrepreneurs and enterprise owners”

The mission is “to make every startup succeed. There are no exceptions made to this statement.”

Startup Flyboat
Website flyboat.in
Founded 2018
Headquarters Hyderabad, India
Products Pitching courses
Revenue Model Fee

How did Flyboat start?

With his experience in the front-end as well as back-end departments in the world of investments, the founder realized that startups have a unidimensional stake with investors.

Another issue that the founder felt was that startups are resistant to consulting. To educate startups for both, a 30-day training program was launched by the founder. To date, they have worked with about 160 startups.

Here is a quick overview

Flyboat flyer

Market Penetration

When Flyboat started in 2018, the Indian startup scenario had just started booming. 2019 was the best year for the startup in terms of overall, holistic growth. During the pandemic, the growth matched the previous year but did not improve.

Market penetration is currently weaker than when it started due to the economy being on the brink of recession. The next 12-18 months are going to be tricky, feels the founder. Nonetheless, there are 60 startups approximately that Flyboat receives per year.

Services

1. Pitch Deck

· 12-15 slides VC grade deck

· ​20 hours of design

· Expert reviews

· Editable file with full rights

· Progressive iterations

· Page flyer for the campaign

2. Financial Model

· Statement integrated model

· Customized revenue buildup

· Cash Flow Predictor

· DCF valuation included

· Bench-marked ratios

· Scenario and sensitivity analysis

3. Expertise

· Pitch review sessions

· Investor feedback

· 10+ hours training videos

· Founder insights

· Investor red flags

Area of operation

80% of the clients are from India and the rest are from outside India, especially the USA.

Flyboat screenshot

Flyboat Team

So far, 35 freshers have been recruited in total, but it is a cyclic process and at any point in time, there are at least 5 people involved in the team.

Revenue Model

A fixed fee for the courses is charged between the bandwidth of INR 25,000 to INR 50,000 for an engagement period of 30 to 40 days.

Targeted Market

The team at Flyboat is sector-agnostic. They work with startups as well as SMEs. Seed to series-A startups, any can contact Flyboat.

Flyboat Competition

Direct competitors for Flyboat are Pitch Kraft and Easy to Pitch. Regardless, the service model for Flyboat is stronger than the competitors, analyses the founder after taking their demo services. No other competitors are training their employees, they are outsourcing those services.

Sales Turnover

The cumulative sales turnover since the 4 years of operation of Flyboat is USD 120,000.

Expansion Plans

The founder, along with a developer, has been working on a funding platform, currently in its MVP stage. Due to form-based interfaces, the existing funding platforms do not deliver the correct information to the investors and that is why they refrain from using them as they are filled with poor startups. The idea is to overcome this issue.

The pitch process is also on its way to being made video-based. A one-screen and crisp interface would be provided that will avoid regular manual updates on reactions.

SWOT Analysis

The strength of the startup is its service model and its offerings.  Along with that, the founder’s referral network is also strong.

The weakness is payment miscommunications.

Flyboat swot

The opportunity is big as the startups that come to the team can be cross-sold to digital marketing teams or any other further assistance, along with the funding platform that the founder is working on. Also, there is always a way to disrupt how funding works.

The threat is recession possibility.

Flyboat Funding

The initial 3 to 5 months were bootstrapped with a personal capital of INR 10 lakhs by the founder. No external funding or investment has been made so far, as this is a profitable business, the founder.

Flyboat Founders

Saketh Gangavaram is the CEO and Founder of Flyboat Innovations & Startups. He is a faculty member at EduPristine and has done his B.Tech in Mechanical Engineering from BITS, Pilani.

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What services does Flyboat deal with?

Flyboat deals with services like pitch decks, financial model, and expertise and also helps organizations with solutions for organizations facilitate change, achieve their vision, and optimize performance and productivity.

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