About Skydo
Skydo is a company based in Bengaluru (India) founded in 2022 by Movin Jain and Srivatsan Sridhar.. Skydo has raised $20 million across 3 funding rounds from investors including Elevation Capital and SIG Venture Capital. The company has 25 employees as of April 08, 2024. Skydo operates in a competitive market with competitors including PingPong, InstaReM, Winvesta, XFlow and PayGlocal, among others.
- Headquarter Bengaluru, India
- Employees 25 as on 08 Apr, 2024
- Founders Movin Jain, Srivatsan Sridhar
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Skydo Technologies Private Limited
- Date of Incorporation 04 Mar, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$22.27 K (USD)0as on Mar 31, 2023
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Net Profit
$-464.18 K (USD)0as on Mar 31, 2023
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EBITDA
$-364.13 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$20 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 10, 2025
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Investors
Elevation Capital
& 1 more
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Employee Count
25
as on Apr 08, 2024
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Funding Insights of Skydo
Skydo has successfully raised a total of $20M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.0M
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First Round
First Round
(28 Jun 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series A - Skydo | Valuation | SIG Venture Capital | |
| Aug, 2024 | Amount | Seed - Skydo | Valuation | Elevation Capital |
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| Jun, 2022 | Amount | Seed - Skydo | Valuation | Elevation Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Skydo
Skydo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Elevation Capital and SIG Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed and late stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Skydo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Skydo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Skydo Comparisons
Competitors of Skydo
Skydo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PingPong, InstaReM, Winvesta, XFlow and PayGlocal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border business payments are managed via an online platform.
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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| domain | founded_year | HQ Location |
A cross-border payments and investing platform is provided by Winvesta.
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| domain | founded_year | HQ Location |
Cross-border payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Multi-currency accounts and payment solutions are offered for global businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Skydo
Frequently Asked Questions about Skydo
When was Skydo founded?
Skydo was founded in 2022.
Where is Skydo located?
Skydo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Skydo?
Srivatsan Sridhar is the current CEO of Skydo. They have also founded this company.
Is Skydo a funded company?
Skydo is a funded company, having raised a total of $20M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Jun 28, 2022.
How many employees does Skydo have?
As of Apr 08, 2024, the latest employee count at Skydo is 25.
What is the annual revenue of Skydo?
Annual revenue of Skydo is $22.27K as on Mar 31, 2023.
What does Skydo do?
Skydo was founded in 2022 in Bengaluru, India, within the fintech sector. A digital platform is operated to allow businesses to receive payments from overseas entities. Real-time tracking of payments is provided, alongside services for cross-border B2B transactions and management of forex charges. Operations focus on simplifying international payment processes for global business interactions.
Who are the top competitors of Skydo?
Who are Skydo's investors?
Skydo has 2 investors. Key investors include Elevation Capital, and SIG Venture Capital.