Social VC Investments
Weather forecasting startup Skymet raises Rs.12-Cr from Northern Arc, Caspian
Noida-based weather forecasting and agri solutions startup Skymet has raised INR 12 crore in debt funding from Northern Arc Capital and Caspian Impact Investments. The company intends to use the funds to bolster its ground observation systems and accurate prediction of floods and cyclones in east India. Skymet provides weather data services to media houses and also works in the farmers network by offering tech-enabled weather solutions to decrease their risk and in turn increasing their productivity.
From the Venture Intelligence PE-VC Deal Database: Between Aug-11 and Jul-14, Skymet raised over $5-M from DMGT and Omnivore Partners. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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