About Skydo
Skydo is a Financial Services company based in Bengaluru (India) founded in 2022 by Movin Jain and Srivatsan Sridhar. International payments are enabled for businesses through a digital platform. Skydo has raised $20 million across 3 funding rounds from investors including Elevation Capital and SIG Venture Capital. The company has 25 employees. Its chief executive, as recorded, is Srivatsan Sridhar. Its website skydo.com draws about 501 thousand monthly visits. Its Indian entity Skydo Technologies Private Limited reported revenue of ₹29.03 Cr. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Winvesta, XFlow and PayGlocal; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 25
- Founders Movin Jain, Srivatsan Sridhar
- SectorsFinancial Services
- Website category Finance · Accounting and Auditing
- Email••••••••
- Website skydo.com
- Social LinkedIn X
- Legal Name Skydo Technologies Private Limited
- Date of Incorporation 04 Mar, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹29.03 Cr
FY 2026 · +219% YoY
- Net Loss-₹24.33 Cr
FY 2026 · -84% margin
- EBITDA-₹22.98 Cr
FY 2026 · -79% margin
- Total Equity Funding$20M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Series A
Dec 2025
- InvestorsElevation Capital
& 1 more
- Employee Count25
Associated legal entities of Skydo
Skydo operates through Skydo Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Skydo Technologies Private Limited CIN U72501KA2022PTC158593 | Active | 04 Mar 2022 | Bangalore, Karnataka | ₹29.0 Cr | 25 | 2 | View details |
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 $20M
- Total Rounds 3
- Last Round Series A — $10M
- First Round $5M
(Jun 2022)
- Investors Count 2
All 3 funding rounds of Skydo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2025 | $10M | Series A | – | SIG Venture Capital | |
| Aug 2024 | $5M | Seed | – | Elevation Capital | – |
| Jun 2022 | $5M | Seed | – | Elevation Capital | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Venture capital firm focused on seed and late stage investments | sig-asiavc.com |
Investor details for Skydo
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Board of directors of Skydo Technologies Private Limited (Skydo)
Skydo Technologies Private Limited is the primary company behind Skydo. The board of Skydo Technologies Private Limited currently have 2 directors; the longest-serving is Srivatsan Sridhar, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srivatsan Sridhar DIN 08409158 | Director | 04 Mar 2022 | 4 yrs 7 mo | Skydo Technologies Private Limited |
| Movin Jain DIN 07222674 | Director | 04 Mar 2022 | 4 yrs 7 mo | Skydo Technologies Private Limited |
People of Skydo
2 people are tracked at Skydo (2 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Skydo
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Financials of Skydo
Figures of Skydo Technologies Private Limited, the primary company behind Skydo, for FY 2026. Revenue was ₹29.03 Cr (+219% year on year). Net loss was -₹24.33 Cr (-84% margin). EBITDA was -₹22.98 Cr (-79% margin). Revenue has grown at a compounded annual rate of +439% over three years.
- ₹29.03 CrRevenue · FY 2026 · +219% YoY
- -₹24.33 CrNet loss · -84% margin
- -₹22.98 CrEBITDA · -79% margin
- ₹65.1 LakhPaid-up capital
- 25Employees (provident fund records)
- +439%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Skydo Technologies Private Limited are on its company page.
Detailed financial statements for Skydo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Skydo
3 dated milestones of Skydo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Skydo is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series A, of $10.0M.
Competitors of Skydo
Skydo has 3 listed competitors in our database, 3 of them funded. They include Winvesta, XFlow and PayGlocal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| winvesta.in | 2019 | Mumbai, India | $2.81M | 2 | A cross-border payments and investing platform is provided by Winvesta. | |
| xflowpay.com | 2021 | Bengaluru, India | $16.2M | 48 | Cross-border payment solutions are provided for businesses. | |
| payglocal.in | 2021 | Bengaluru, India | $16.9M | 97 | Multi-currency accounts and payment solutions are offered for global businesses. |
Detailed competitors of Skydo
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Web traffic of Skydo
The website of Skydo (skydo.com) receives about 500.8K visits a month and ranks #84,315 among all websites worldwide, #5,299 in Accounting and Auditing.
- Monthly visits500.8K
▼ 6.7% vs previous month
- Unique visitors163.7K
per month
- Global rank#84,315
among all websites
- Category rank#5,299
Finance · Accounting and Auditing
- Bounce rate34%
- Pages per visit4.3
- Average visit1 min 58 sec
- DevicesDesktop 32% · Mobile 68%
Websites whose visitors overlap most with Skydo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cleartax.in | cleartax.in | 100% | #6,074 | – | |
ledgers.cloud | ledgers.cloud | 92% | #402,056 | – | |
sortingtax.com | sortingtax.com | 89% | #1,103,645 | – | |
| taxadda.com | 89% | #285,206 | View details | ||
| egniol.co.in | 89% | 16.2K | #643,595 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Skydo
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Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Skydo (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Skydo
Complete news archive for Skydo
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Frequently Asked Questions about Skydo
Skydo was founded in 2022.
Skydo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Srivatsan Sridhar is the CEO of Skydo, as recorded in our data. They have also founded this 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 2022.
Skydo has 25 employees.
The primary company behind Skydo, Skydo Technologies Private Limited, reported revenue of ₹29.03 Cr for FY 2026, up 219% year on year.
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.
Skydo has 2 investors. Key investors include Elevation Capital, and SIG Venture Capital.
Skydo operates through Skydo Technologies Private Limited.
The legal entities of Skydo currently have 2 directors, including Srivatsan Sridhar, Movin Jain.
The website of Skydo receives about 501 thousand visits a month and ranks #84,315 among all websites worldwide.