Skye Air raised $4 million in Series A funding led by Mount Judi Ventures to expand its drone delivery services in India.
Information on the Target
Skye Air is an innovative startup specializing in drone delivery services. Recently, the company successfully raised $4 million (approximately Rs 33 crore) in Series A funding, primarily led by Mount Judi Ventures along with other investors. This influx of capital is earmarked for expanding Skye Air's team to 200 employees within the next 18 months and for integrating drone deliveries into their operational model.
Founded to leverage the emerging technology of drones, Skye Air aims to enhance logistics and delivery services across various sectors, positioning itself as a key player within the drone delivery market in India.
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Industry Overview in India
The drone industry in India is currently experiencing significant traction, buoyed by favorable government policies and rising demand in multiple sectors. As part of the Indian go
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Mount Judi Ventures
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in 2024
in a Series A deal
Disclosed details
Transaction Size: $4M