Skymet Company plans to raise at least $20 million that will fund plans to go global. The plan is to have a stronger pan-India presence and expand all business lines.
Skymet want to make their website a global weather data website, with properties like long- and medium-term forecasts, and serve the under-served geographies like East Asia and Africa.
Skymet reported revenue of Rs. 9.48 crore in 2013-14, a jump of almost 100 percent over the previous year, according to data available with the Registrar of Companies. It reported a loss of Rs.0.89 crore in 2014.