Skye Air, a drone logistic startup, has secured $4 million in its series A round from Mount Judi Ventures, Venture Catalysts, Chiratae Ventures, Tremis Capital, and Windrose Capital. This funding round had participation from existing investors, angel investors, and other investors, including Faad Capital, Hyderabad Angels, Misfits Capital, and Soonicorn Ventures. Here we are talking about Drone logistic startup Skye Air secured $4 million in its Series A round from Mount Judi Ventures and others.
The startup previously raised 1.7 million USD from Chirate Ventures in its seed funding round. This drone logistic startup plans to use these fresh proceeds to boost and enhance its existing technology. The startup focuses on scaling up and expanding its last-mile network across other cities, including Gurugram, for healthcare, quick-commerce, and other deliveries. Chandra Prakash founded this startup to offer last-mile logistics solutions in various sectors, including e-commerce, healthcare, and food industries.
Skye Air offers fast and affordable online drone delivery and logistic services nationwide. The company aims to utilize drone delivery and logistic solutions for different sectors, including healthcare and commerce. The firm plans to enhance its logistic solutions and SAAS services to meet the market demand by offering supply chain and logistic services to businesses in the healthcare, commerce, quick commerce, and industrial sectors.
The startup also invented the automatic traffic management system known as Skye UTM. The device manages drone traffic by offering effective communication between drones and ensuring safety. This company uses drones to ship goods through air transport services. The startup covers Gurugram and nearby cities and plans to expand its network with fresh capital. This logistic startup intends to enhance its services by using more advanced technologies, scaling up its operations, and solidifying its position in the drone logistics market.
Conclusion
Skye Air reported a funding of $6 million in its series A round. This is India’s largest SaaS-based fast and affordable online drone delivery service provider. The company raised funds from Mount Judi Ventures, Venture Catalysts, Chiratae Ventures, Tremis Capital, and Windrose Capital. The Series A funding round also saw participation from existing investors, angel investors, and other investors, including Faad Capital, Hyderabad Angels, Misfits Capital, and Soonicorn Ventures. Skye Air is focusing on expanding its services through its newly raised funds. The platform helps individuals connect over services to track and deliver their packages nationwide.
The drone startup raised $1.7 million from Chirate Ventures in its seed funding round. This drone logistic startup plans to use these fresh proceeds to boost and enhance its existing technology. The startup focuses on scaling up and expanding its last-mile network across other cities, including Gurugram, for healthcare, quick commerce, and other deliveries. The company plans to revolutionize drone delivery and logistic solutions for different sectors, including healthcare and e-commerce. This company uses drones to ship goods through air transport services. The startup covers Gurugram and nearby cities and plans to expand its network with fresh capital.
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