SkyLark Drones to raise $3 million from InfoEdge Ventures, others By CIOReviewIndia Team

SkyLark Drones to raise $3 million from InfoEdge Ventures, others

CIOReviewIndia Team | Monday, 05 July 2021, 06:22 IST

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SkyLark Drones to raise $3 million from InfoEdge Ventures, othersSkylark Drones, an enterprise drone solutions provider, has raised $3 million in a pre-Series A funding round led by InfoEdge Ventures and IAN Fund, as it looks to build its geospatial intelligence product and expand into international markets.

The fundraise also saw the participation of AdvantEdge Founders, agriculture solutions company Fowler Westrup, Redstart Labs, IKP and mining conglomerate Vimson Group.

Founded in 2015 by Mughilan Thiru Ramasamy and Mrinal Pai, SkyLark offers enterprises in sectors such as mining, solar power, real estate and agriculture insights to improve worksite productivity through the use of drones for data capture. The company also provides project and fleet management solutions for enterprises and individual operators to carry out drone flights, and also a hardware product for drone manufacturers looking to make products compliant with India’s no permission, no take-off (NP:NT) protocol.

“Our vision is to unlock the economic potential of aerial intelligence,” said Ramasamy, co-founder and chief executive at Skylark Drones. “The participation of Fowler Westrup, a leading agriculture solutions company, and Vimson Group mining conglomerate will help further strengthen the sector focussed solutions we offer our customers.”

Skylark offers full-stack drone solutions to enterprises-from helping them manage and deploy drone fleets to helping derive actionable and up-to-date insights from images to customers in mining, construction and solar power sectors.

“Aerial intelligence is a theme that has immense potential as it provides significant cost, time and accuracy benefits for large infrastructure companies which face frequent cost and time overruns,” said Amit Behl, partner at InfoEdge Venture Fund. “Being among a limited set of players who have a full-stack offering, we believe that the opportunity for the company (Skylark Drones) is global.”

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