Skymet provides climate, weather and crop analytics to insurance companies, banks, agribusinesses and public-sector institutions, and operates as a rural fintech platform for insurers and banks to support claim settlement and product design. The company runs about 6,000 automatic weather stations (AWS) covering nearly the entire country and says it directly or indirectly reaches more than two million farmers. Its product set includes weather data, crop measurement and climate analytics, used to substantiate insurance claims and forecast risk. Skymet also supports disaster management activities and positions its technologies as tools to mitigate weather-related risks for farmers. The company plans to expand its AWS network and secure new business in weather data, crop measurement, climate analytics and disaster management. Management has signaled possible future expansion to other developing economies with limited weather-data availability. Skymet provides short-range, medium-range, and seasonal weather forecasts alongside agricultural risk solutions such as crop area and yield forecasts, remote sensing, and agricultural insurance product development. Its services are delivered via the web and Android platforms. The company plans to expand its weather monitoring network and introduce new instrumentation to track hail and frost. Skymet will use funding for R&D to improve weather and crop-area/yield forecasting and to expand its market in India and abroad. It also plans to relaunch its website to serve consumers across Asia and Africa with forecasts in seven languages, including Hindi and Marathi. Skymet was founded in 2003 by Jatin Singh and is based in Noida and Mumbai.

Total raised

$15M

Funding rounds

2

Latest round

Series C

Latest activity

Dec 2017