Skymet raises Rs 12cr in debt funding from Northern Arc, Caspian Impact

According to Allied Market Research, need for more accurate prediction has unleashed a wider domain for the global weather forecasting market to grow from $1.2 bn in 2016 to $2.7 bn by 2023

Skymet, India’s leading private weather forecasting and agriculture risk solutions company has raised Rs 12 crore in 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.

“The amount raised will help a lot in setting up more ground observation units is Eastern India which is very much prone to natural calamities like floods, cyclones etc which in turn would help our country to mitigate the risks and provide accurate data to farmers in