Drone logistics solution provider Skye Air bags $4 mn in Series A funding

Skye Air, a drone logistics solution provider, on Monday said it has secured USD 4 million (about Rs 34 crore) funding, which will be used to expand the company's operations across Gurugram and other cities for healthcare, and quick-commerce deliveries.

The Series A funding was achieved with backing from Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, and Tremis Capital.

Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures and other existing investors, family offices and angels also participated in the funding round.

"The fresh capital will help the company expand its last-mile network across Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries," said Ankit Kumar, Founder & CEO of Skye Air.

He further said that with the Modi 3.0 government at the centre stage, the company envisages a plethora of growth coming in the Indian drone sector, which will make Bharat a global drone hub by 2030.

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