New Delhi, Drone logistics solutions provider Sky Air on Monday said it has secured US$4 million (about Rs 34 crore) in funding, which will be used to scale up the company's operations in Gurugram and other cities for healthcare and quick-commerce. Will be done to expand. delivery
The Series A funding was secured with the support of Mount Judy Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital and Tremis Capital.
Fad 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 delivery," said Ankit Kumar, founder and CEO of Sky Air.
He further said that with the Modi 3.0 government at the centre, the company envisages abundant growth in the Indian drone sector, which will make India a global drone hub by 2030.
Maple Capital Advisors was the exclusive financial advisor to the company for the transaction. LexStart Partners was the company's legal advisor.
Sky Air said it is also the manufacturer of Sky UTM, an advanced unmanned traffic management system that manages drone traffic, ensuring safety and facilitating efficient communication between drones and air traffic control .
Headquartered in Delhi-NCR, Sky Air is a SaaS-based autonomous logistics solution provider that aims to integrate drone delivery as a mainstream logistics solution for various industries including healthcare, e-commerce, quick-commerce and agri-commodity. Is focused on.
The Series A funding was secured with the support of Mount Judy Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital and Tremis Capital.
Fad 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 delivery," said Ankit Kumar, founder and CEO of Sky Air.
He further said that with the Modi 3.0 government at the centre, the company envisages abundant growth in the Indian drone sector, which will make India a global drone hub by 2030.
Maple Capital Advisors was the exclusive financial advisor to the company for the transaction. LexStart Partners was the company's legal advisor.
Sky Air said it is also the manufacturer of Sky UTM, an advanced unmanned traffic management system that manages drone traffic, ensuring safety and facilitating efficient communication between drones and air traffic control .
Headquartered in Delhi-NCR, Sky Air is a SaaS-based autonomous logistics solution provider that aims to integrate drone delivery as a mainstream logistics solution for various industries including healthcare, e-commerce, quick-commerce and agri-commodity. Is focused on.
