When was Skydo founded?

Skydo was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Skydo located?

Skydo is headquartered in Bengaluru, India. It is registered at Indiqube Serenity, Phase 2, 31, Hosur Road, Near Vishal Megamart, Muneswara Nagar, Sector 6, HSR Layout, Bommanahalli (Bangalore), Bangalore, Bangalore South, Karnataka, India, 560068.

Who is the current CEO of Skydo?

Srivatsan Sridhar of Skydo. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Skydo associated with?

Skydo is associated with SKYDO TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Skydo have?

As of May 31, 2025, the latest employee count at Skydo is 77.

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 round, raised on Jun 28, 2022.

When was the latest funding round of Skydo?

Skydo's latest funding was a $***** Series A round on Dec 10, 2025, with participation from 2 investors.

What is the annual revenue of Skydo?

Annual revenue of Skydo is ₹9.1Cr as on Mar 31, 2025.

Where does Skydo rank among its competitors?

Skydo ranks 4th amongst 68 active competitors, of which 18 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was XFlow, which secured $16.6M in Feb, 2026.

Who are the top competitors of Skydo?

Skydo's top competitors include Remitly, Wise and MoneyGram. Among them, XFlow secured the most recent funding round in February, 2026.

Skydo - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Digital platform enabling businesses to receive payments from overseas businesses. It offers a platform to receive international payments with real-time payment tracking. It provides cross-border B2B payments to forex charges for businesses.

Website: www.skydo.com/
Social
Email ID: *****@skydo.com
Phone Number: +91 **********
Registered Address: Indiqube Serenity, Phase 2, 31, Hosur Road, Near Vishal Megamart, Muneswara Nagar, Sector 6, HSR Layout, Bommanahalli (Bangalore), Bangalore, Bangalore South, Karnataka, India, 560068

Key Metrics

Founded Year

2022

Location

Bengaluru, India

Stage

Series A

Total Funding

$20M in 3 rounds

Latest Funding Round

Series A, Dec 10, 2025, $*****

Investors

Elevation Capital & 6 more

Ranked

4^th among 68 active competitors

Annual Revenue

₹9.1Cr as on Mar 31, 2025

Employee Count

77 as on May 31, 2025

Similar Companies

Airwallex & 559 more

View Skydo's full profile

Skydo is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SKYDO INC. CIN: 06704229 , United States, Active	Mar 29, 2022	-	-	-
SKYDO TECHNOLOGIES PRIVATE LIMITED CIN: U72501KA2022PTC158593 , India, Active	Mar 04, 2022	$1.08M (As on Mar 31, 2025)	145 (As on Mar 01, 2026)

Skydo has raised a total funding of $20M over 3 rounds. Its first funding round was on Jun 28, 2022. Its latest funding round was a Series A round on Dec 10, 2025 for $*****. 2 investors participated in its latest round. Skydo has 6 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Skydo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 10, 2025	2566060	Series A	6880069	8421626	9576289	5550823
Aug 13, 2024	2990534	Seed	4755964	7763944	3507718	2806271
Jun 28, 2022	5145674	Seed	4313955	4271981	Elevation Capital	Eximius Ventures & 1 more

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View details of Skydo's funding rounds and investors

The founders of Skydo are Movin Jain and Srivatsan Sridhar. Srivatsan Sridhar is the CEO of Skydo.

Here are the details of Skydo's key team members:

Movin Jain: Co-Founder of Skydo. They are also an angel investor in 2 startups and serve on the board of 1 company.
Contact Info: 1 email address
Srivatsan Sridhar: Co-Founder & CEO of Skydo. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address

View details of Skydo's Founder profiles and Board Members

Skydo's employee count trend

Skydo has 77 employees as of May 25. The total employee count is 88.0% more than what it was in May 24. Here is Skydo's employee count trend over the years:

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Top competitors of Skydo include Remitly, Wise and MoneyGram. Here is the list of Top 10 competitors of Skydo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 38 others	84/100
2nd	Wise 2011, Shoreditch (United Kingdom), Public	Provider of multi-currency accounts, international money transfers, and card services	$1.03B	Lone Pine Capital, Valar Ventures & 116 others	81/100
3rd	MoneyGram 1940, Dallas (United States), Acquired	Provider of global money transfer and payment services for individuals	-	Goldman Sachs, Stellar & 3 others	75/100
4th	Skydo 2022, Bengaluru (India), Series A	Digital platform enabling businesses to receive payments from overseas businesses	$20M	SIG Venture Capital, Elevation Capital & 5 others	68/100
5th	XFlow 2021, Bengaluru (India), Series A	Provider of cross-border payment solutions for businesses, platforms, and freelancers	$32.8M	General Catalyst, Lightspeed India & 10 others	67/100
6th	Western Union 1851, Denver (United States), Acquired	Provider of international money transfer and currency exchange services	-	Fidelity Investments	67/100
7th	InstaReM 2014, Singapore (Singapore), Series C	Cross-border money transfers for businesses and individuals	$5M	Vertex Ventures, MDI Ventures & 4 others	66/100
8th	Karbon 2019, Bengaluru (India), Series A	Provider of international payment and corporate expense management solutions	$30.2M	Avenir Growth Capital, Orios Venture Partners ... & 42 others	65/100
9th	PingPong 2015, New York City (United States), Series C	Online platform providing cross-border business payment solutions	$124M	Eight Roads Ventures, CICC & 11 others	64/100
10th	RNFI Services 2015, Delhi (India), Public	Digital payment solution provider	-	-	63/100