Skye Air, a SaaS-based autonomous logistics solution provider, has closed its Series A fundraising round, securing approximately USD 4 million. The funding round saw participation from Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, Tremis Capital, Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures, and other existing investors.
The drone industry in India has seen significant growth, supported by progressive government policies. Skye Air has received multiple accolades, including recognition from Forbes and Entrepreneur India, for its contributions to drone delivery technology.
Founded by Ankit Kumar and Chandra Prakash, Skye Air focuses on efficient and sustainable last-mile logistics solutions across healthcare, ecommerce, quick-commerce, and food industries.
Ankit Kumar, CEO of Skye Air, stated, "This funding will help us expand our last-mile network across Gurugram and other cities, enhancing deliveries in healthcare, e-commerce, and quick-commerce."
Ali Shariff, Partner at Mount Judi Ventures, noted Skye Air's pioneering role in the drone delivery industry, while Dr. Apoorva Ranjan Sharma, Founder of Venture Catalysts, highlighted the potential of drone-based logistics in India’s diverse terrain.
Maple Capital Advisors acted as the exclusive financial advisor, with LexStart Partners serving as legal counsel for the transaction. Skye Air aims to contribute to making India a global drone hub by 2030, aligning with national goals to leverage technology for economic growth and improved accessibility.
