[Funding roundup] Skye Air Mobility, Monsoon CreditTech and others raise early-stage funds

Skye Air Mobility raises $1.7 million in seed round

Drone delivery technology company Skye Air Mobility raised a seed round of around $1.7 million led by Chiratae Ventures.

The round also saw participation from Lead Angels, O2 Angels, Agility Ventures, Lets Venture, and several prominent investors including Rajeev Chitrabhanu, Ankit Nagori, Varun Alagh, Gautam Badalia, Ayush Lohia, and others.

The startup will use the investment to focus on bringing greater efficiency to different verticals by enabling faster deliveries, reduced carbon emissions, lower costs and greater accessibility to places that are difficult to access by road or without connectivity.

“This investment comes at a time when we are stepping up our efforts to expand our services and partnerships in the Indian market. We are convinced that the new funding will make it easier for our team to open up virgin channels, enabling us to bring drone delivery services to more customers.” in India and beyond,” says Ankit Kumar, CEO, Skye Air Mobility

Monsoon CreditTech raises undisclosed funds

Fintech startup Monsoon CreditTech has raised undisclosed funds led by HDFC Capital.

This funding round also saw the participation of a number of new and existing investors, including DMI Alternative Investment Fund – The Sparkle Fund, US-based Top Shelf Equity Partners, and prominent angel investors such as Vellayan Subbiah and Akash Bhanshali of Enam Group. .

Founded in 2016, Monsoon CreditTech serves large financial services companies, including banks, NBFCs (non-bank finance companies), HFCs (housing finance companies), and fintech companies.

Ashwini Anand, CFA, Founder and CEO of Monsoon CreditTech, said, “We are excited about our partnership with HDFC Capital which will fuel our next phase of growth. We are also grateful to our existing and new investors for reiterating their confidence in our business and validating the great market opportunity we are heading into.”

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QubeHealth raises Pre-Series-A funds

based in Mumbai QubeHealthan early-stage ‘fintech for health tech’ company, has raised an undisclosed Series A pre-round led by US-based New Horizon Ventures, ThinKuvate (Singapore) and existing investor Keiretsu Forum .

Axiomatic Ventures, Inflection Point Ventures, and angel investors from India and the US also participated in the round.

The startup will use the funds to expand the business and invest more in building the technical infrastructure of “health care commerce” and expanding its health care market.

Founded in 2019, QubeHealth is focused on solving the health care financing problem for health care expenses not covered by health insurance. It offers EMI healthcare financing at no cost to employees of companies that subscribe to its service.

Chris George, Co-Founder and CEO of QubeHealth, said: “This funding round sets us up to deliver on the business metrics we have been chasing and beyond. The incoming interest we have seen from major institutional investors since the beginning of this year has been overwhelming and we are excited to close our Series A within the next six months.”

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Kneady raises undisclosed funds

B2B e-commerce platform Kneady raised an undisclosed amount from 1Digi Ventures, the family office of actyv.ai founder and global CEO Raghu Subramanian.

Founded in 2021, Kneady is a business-to-business (B2B) e-commerce platform, serving the day-to-day requirements of hotels and caterers.

Prashant Kunal, Co-Founder of Kneady, said: “We are pleased to have him on board as an investor and appreciate his guidance in making this company a brand to reckon with in the near future.”

Co-founder Seemantha Baruah said, “We are also interested in bringing in more financial partners to offer SMBs in the food and beverage space personalized lines of credit with no hidden costs.”