Skymet Weather

What Skymet Weather does

Skymet Weather is a Noida-based private Indian weather forecasting and agriculture risk solutions company founded in 2003, operating a proprietary ground observation network concentrated in East India for flood and cyclone prediction. Its core technology comprises weather observation infrastructure and proprietary forecasting models specialized for Indian monsoon patterns and El Nino impact assessment, with publicly cited capability to forecast monsoon rainfall at 94% of Long Period Average within ±5% margin of error. The company monetizes primarily through subscription-based agriculture risk solutions serving farmers and agricultural stakeholders, and through licensing of baseline weather data to financial institutions and exchanges for weather derivatives products — notably having powered India's first tradable weather index during a partnership with NCDEX that has since concluded.

The business is enterprise-led, with direct field sales to government agencies, agricultural organizations, insurance companies, and exchanges, supported by expert media commentary (via GP Sharma, President) as a top-of-funnel demand channel. Capital structure reflects a mix of equity and impact debt from investors including Omnivore, BlueOrchard Finance, Daily Mail and General Trust, InsuResilience Investment Fund, Northern Arc, and Caspian Impact Investments, with cumulative disclosed funding of approximately $17.5M across rounds from 2011 to 2021. Leadership includes Founder & Managing Director Jatin Singh, CEO Yogesh Patil, CTO & Deputy CEO Vivek Singh, CFO Mukesh Mangal, and Chief of Product Planning & Quality Makarand Kulkarni. The company is presently engaged in a legal and regulatory contest with NCDEX and SEBI over the exchange's switch from Skymet to IMD as the data provider for its RAINMUMBAI weather derivatives contract, which is a material commercial and positioning event.

Name

Skymet Weather

Website

https://skymet.net

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Skymet Weather is a Noida-based private Indian weather forecasting and agriculture risk solutions company that operates a proprietary ground observation network and licenses weather data to agricultural stakeholders, government agencies, insurance companies, and financial exchanges across India.

Ownership category

akta.pro rank

Product category

Weather Forecasting and Climate Analytics

NAICS

Geophysical Surveying and Mapping Services (54136)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Downscaled Climate Projections & Scenario Analytics (CMIP, SSP/RCP, Regionalization) (EUABALAB)

akta.pro secondary industries

Precision Sensing & Monitoring (Soil/Weather Stations, In-Field Sensors, IoT) (AFAGALAB), Satellite Imagery & Monitoring Platforms (AFAAAFAI)

Keywords

• Weather forecasting services
• Agriculture risk analytics
• Monsoon prediction
• Climate risk platform
• Weather data licensing

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Agriculture Risk Solutions: Weather forecasting and agriculture risk management services for farmers and agricultural stakeholders
2. Weather Data Licensing: Licensing of baseline weather data to exchanges and financial institutions for weather derivatives products

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Skymet Weather provides weather observation, forecasting, and prediction services through a web and mobile-based climate, weather, and crop analytics platform. The company's core offerings center on monsoon forecasting, rainfall prediction, flood and cyclone prediction, and weather data services primarily serving India's agriculture sector, with a proprietary ground observation network underpinning its localized forecasts.

Product overview

Skymet Weather is a private Indian weather forecasting and agriculture risk solutions company that provides weather observation, forecasting, and prediction services. The company operates ground observation networks and provides weather data to farmers and agricultural stakeholders. Its core offerings center on monsoon forecasting, rainfall prediction, flood and cyclone prediction, and weather data services primarily for the agriculture sector in India.

Differentiator

Problem solved

Functional benefit

Products and services

• Climate, Weather, and Crop Analytics Platform Web and mobile based platform that measures and predicts climate risk, providing weather observation, forecasting, and prediction services to agricultural stakeholders and government agencies.
• Weather Forecasting Services Monsoon forecasting, rainfall prediction, and flood and cyclone prediction services delivered to farmers, agricultural organizations, and government agencies.
• Agriculture Risk Solutions Weather-based risk management solutions for the agriculture sector, including crop advisories and risk analytics for monsoon-dependent farming operations.
• Weather Data Licensing Licensing of baseline weather data to financial exchanges and institutions to enable weather derivatives products, weather index trading, and crop insurance underwriting.

Quantifiable outcome

• Forecasts monsoon rainfall at 94% of Long Period Average with ±5% margin of error
• +2 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• NCDEXcoreStrategic or Co-development PartnerNCDEX partnered with Skymet for three years to launch India's first tradable weather index, using Skymet's baseline data, awareness campaigns, and data feed for two years. The partnership concluded as NCDEX switched to IMD as the data provider for their new RAINMUMBAI weather derivatives contract. Skymet is contesting this decision legally.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DTN: DTN provides operational weather, climate, and agricultural analytics to agriculture and energy customers globally. Most directly comparable to Skymet as an enterprise-focused private weather data and ag-risk services provider serving similar vertical customer segments.
• Climate Corporation (Bayer): Climate FieldView combines hyperlocal weather, field-level agronomy and risk analytics for farmers. Direct competitor to Skymet's crop/weather analytics platform with the same go-to-market model of selling data-driven risk and decision tools to agricultural stakeholders.
• aWhere: aWhere delivers agronomic weather data and predictive analytics for agriculture in emerging markets. Comparable to Skymet in serving agriculture verticals with location-specific weather/climate data feeds and crop analytics use cases.

Emerging players

• Tomorrow.io: Tomorrow.io is a weather intelligence platform using proprietary sensing and forecasting APIs for enterprise and government use. Overlaps with Skymet in commercial weather data, government aviation/enterprise sales, and proprietary observation infrastructure.
• Jupiter Intelligence: Jupiter Intelligence provides climate risk analytics and physical/transition risk modeling for infrastructure, financial, and insurance clients. Comparable to Skymet's emerging climate risk analytics capability, particularly for insurance and government decision-makers.
• Descartes Labs: Descartes Labs builds geospatial analytics and machine-learning models over satellite and weather data for agriculture and supply chain clients. Overlaps with Skymet's geospatial + crop analytics platform, though more satellite- than ground-observation-driven.
• Cervest: Cervest delivers AI-powered climate risk analytics and downscaled projections for enterprises and governments. Comparable to Skymet's climate risk and forecasting layer serving agriculture, insurance, and government stakeholders.
• Meteomatics: Meteomatics provides high-resolution global weather data, APIs, and enterprise forecasting services. Comparable as a private commercial weather data and forecasting competitor with similar subscription and licensing revenue motions.

Broad incumbents

• IBM (The Weather Company): IBM's Weather Company offers global forecasting, IoT, and industry-specific weather analytics at massive scale. Functions as the dominant private global incumbent whose enterprise/media weather business overlaps materially with Skymet's verticals.
• AccuWeather: AccuWeather is a long-established commercial weather forecasting provider offering enterprise APIs and tailored forecasts to media, government, and agriculture customers. Overlaps with Skymet's enterprise/government forecasting offerings at much broader global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Xx.com/SkymetWeather

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds6 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Skymet Weather