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, Skydo has 77 employees, reflecting a 88% year-over-year growth in headcount.

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.

How much is Skydo worth?

The latest valuation of Skydo is ₹***** as of Feb 05, 2026.

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. Its primary sector is Payments. In India, the Payments sector has seen $1.04B in funding in 2026 to date.

What is the annual revenue of Skydo?

Annual revenue of Skydo is less than ₹10 Cr as on Mar 31, 2025

Where does Skydo rank among its competitors?

Skydo ranks 10th amongst 2693 active competitors, of which 267 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Skydo?

Skydo's top competitors include PayPal, PayU and Flutterwave. Among them, Flutterwave secured the most recent funding round in July, 2026.

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

Skydo is a series A company based in Bengaluru (India), founded in 2022 by Movin Jain, Movin Jain and Srivatsan Sridhar. It operates as a Digital platform enabling businesses to receive payments from overseas businesses. Skydo has raised $20M in funding from Elevation Capital and SIG Venture Capital, with a current valuation of ₹*****. The company has 2693 active competitors, including 267 funded and 247 that have exited. Its top competitors include companies like PayPal, PayU and Flutterwave.

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, $*****

Post Money Valuation

₹***** as on Feb 05, 2026

Investors

Elevation Capital & 6 more

Ranked

10^th among 2693 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

77 as on May 31, 2025

Similar Companies

Airwallex & 323 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	0 - ₹10 Cr (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	5880956	Series A	2309911	5961138	9102963	8546883
Aug 13, 2024	6057422	Seed	7817852	5608276	9837121	1392905
Jun 28, 2022	3254950	Seed	6840998	5097990	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, Movin Jain and Srivatsan Sridhar. Srivatsan Sridhar is the CEO of Skydo.

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

Movin Jain: Founder of Skydo and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Movin Jain: Co-Founder of Skydo and founder of 1 other company. 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 and 1 phone number

Skydo's Board of Directors

Skydo's board has 2 active members. Movin Jain and Srivatsan Sridhar are part of team.

Here is the list of Skydo's board of directors:

Name	Type	Representing	Status	Duration
Movin Jain	Team	-	Current	4y 4m
Srivatsan Sridhar	Team	-	Current	4y 4m

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 PayPal, PayU and Flutterwave. 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	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	PayU 2002, Amsterdam (Netherlands), Series C	Provider of online payment solutions and financial services for businesses	$35.1M	Naspers, Prosus & 5 others	83/100
3rd	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 73 others	83/100
4th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 51 others	83/100
5th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Vitruvian Partners, Marshall Wace & 19 others	74/100
6th	Ant Group 2004, Hangzhou (China), Series D	Payment processing solution for consumers, small and micro businesses	$20.6B	T. Rowe Price, The Carlyle Group & 40 others	74/100
7th	Iyzi Payments 2012, Istanbul (Turkey), Acquired	Provider of payment solutions for e-commerce companies and individuals	$28M	VEF, IFC & 8 others	73/100
8th	Cloud Walk 2013, Brazil, Series C	Developer of a blockchain and a platform for payment solutions	$481M	Coatue, Plug and Play Tech Center & 12 others	64/100
9th	BlueSnap 2001, Waltham (United States), Acquired	International payment solution	$68M	Great Hill Partners, Parthenon Capital & 1 others	69/100
10th	Skydo 2022, Bengaluru (India), Series A	Digital platform enabling businesses to receive payments from overseas businesses	$20M	SIG Venture Capital, Better Capital & 5 others	68/100