Draconian rules had kept drones grounded in India. But new, liberalised regulations have untethered the industry and opened up a new market enterprises.
Synopsis
SkyLark Drones, an enterprise drone solutions provider, will use the funding to build out its geospatial intelligence product and expand into international markets.
ETtech
Founded in 2015 by Mrinal Pai (left) and Mughilan Thiru Ramasamy, SkyLark Drones offers full-stack drone solutions to enterprises in sectors such as mining, solar power, real estate and agriculture.
Bengaluru:Skylark 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.
India s Skylark Drones raises $3 mn to fuel international expansion business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.