Drone delivery startup Skye Air raises $4-M from Mount Judi Ventures, others

Gurugram-headquartered drone delivery startup Skye Air Mobility has raised USD 4 million (around INR 33.4 crore) in its Series A funding round led by Mount Judi Ventures. The funding round also saw participation from Chiratae Ventures, Venture Catalyst, Windrose Capital, Tremis Capital, Faad Capital, Misfits Capital, Hyderabad Angels and Soonicorn Ventures. The startup will use the new capital for product development and infrastructure expansion.Founded in 2019 by Ankit Kumar and Chandra Prakash, Skye Air is a drone delivery startup focused on healthcare, e-commerce, quick commerce and agriculture. The startup last raised USD 1.7 million in its seed funding round, led by Chiratae Ventures, in 2022.