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. 

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. This startup was founded by Chandra  Prakash to offer last-mile logistics solutions in various sectors including e-commerce, healthcare, and  food industries.  

Image source: skyeair.tech 

Skye Air offers fast and affordable online drone delivery and logistic service across the country. 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 those businesses in the healthcare, commerce,  quick commerce, and industrial sectors. 

The startup is also the inventor of 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 for shipment of goods through air transport services. The startup  covers Gurugram and nearby cities and is planning to expand its network with fresh capital. This logistic  startup is planning 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 the largest SaaS-based fast and  affordable online drone delivery service provider in India. 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 to connect  over services to track and deliver their packages across the country. The drone startup previously  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 for  shipment of goods through air transport services. The startup covers Gurugram and nearby cities and  is planning to expand its network with fresh capital.