Skymet raises funds to boost tech for accurate forecast of floods, cyclones

Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region

Skymet, India’s leading weather forecasting and agriculture risk solutions company has raised Rs 12 crore debt funding from Northern Arc and Caspian Impact Investments, one of the leading venture debt investment funds. Skymet raised the funds to bolster its ground observation systems and accurate prediction of floods and cyclones in East India.

“We are continuously scaling our network and improving our capabilities to help streamline ground observation networks in these trying times and continuously providing our services to various organizations,” said Yogesh Patil, CEO, Skymet Weather. “The amount raised will help a lot in setting up more ground observation units is