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
Locked
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Phone
Locked
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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.
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 |
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Elevation Capital is focused on early-stage tech investments in India.
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Venture capital firm focused on seed and late stage investments
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Investor details for Skydo
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Investments & Acquisitions by Skydo
Investment portfolio details for Skydo
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Financial Statements - Skydo
Detailed financials for Skydo
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Skydo Comparisons
Peer comparison for Skydo
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border business payments are managed via an online platform.
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Cross-border money transfers are facilitated for individuals and businesses.
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A cross-border payments and investing platform is provided by Winvesta.
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Cross-border payment solutions are provided for businesses.
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Multi-currency accounts and payment solutions are offered for global businesses.
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Detailed competitors of Skydo
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Latest news on 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 current CEO of Skydo. They have also founded this company.
Skydo is a funded company, having raised a total of $20M across 3 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Skydo is 25.
Annual revenue of Skydo is $22.27K as on Mar 31, 2023.
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.