Fundraising Fox

Skydo

Bengaluru, IN · Founded 2022 · 207 employees on LinkedIn · 5 known investors

Find your way into Skydo

2,265 people in our graph share verified history with the Skydo team — schools, employers, funds. One of them is your warm intro.

Laura Buhlerunlockedknows Srivatsan Sridhar · together at McKinsey & Company (overlapped)
×7knows the team · via McKinsey & Company
×3knows the team · via Barclays
knows the team · via Bell Labs Lucent Technologies

Skydo provides cross-border payment services that let businesses and freelancers in India receive payments from international clients with zero FX margins and a flat fee. Operating under RBI's PA-CB framework, it partners with banks to offer transfers, instant FIRA documentation, and payment collection from over 150 countries.

FintechSaaS

Founders & leadership

Skydo was founded in 2022 by Movin Jain and Srivatsan Sridhar.

MJMovin Jain
Movin JaininFounderMovin Jain is the founder of Skydo, a cross-border payments platform providing Indian MSME exporters with local virtual accounts to receive global revenue. He previously led the payments product at PhonePe, held product roles at Meesho and Ola Cabs, worked with the marketplace team at InMobi, was CTO and co-founder of galleri5, and was a fixed income trader at Barclays; he studied computer science and business.
SSSrivatsan Sridhar
Srivatsan SridharinCo-founderCo-founder of Skydo, which provides cross-border payment services for businesses and freelancers to receive international payments with competitive fees and minimal FX margins.

Investors · 5

Better CapitalSanta Clara · $5K – $100Kvia Vaibhav Domkundwar · inferred
Elevation CapitalGurugram · $1.5M – $37M
Eximius VenturesDelhi · $500K – $1M

Also in the syndicate · 2

Susquehanna Asia VCleadSusquehanna Asia Venture Capitallead

Funding

SEC filings, press & company announcements

$10M disclosed across 1 of 3 rounds · 2024–2026

  • $10MSeries ADec 2025 · 3 sources

    Susquehanna Asia VC (lead), Susquehanna Asia Venture Capital (lead)

    Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Skydo Raises $3.0 | Signalbasetrysignalbase.com · Apr 2026Skydo Raises Over $10M in Series A Fundingfinsmes.com · Dec 2025Yourstoryyourstory.com · Dec 2025Cross-border payments startup Skydo raises $10 million in Series A round led by Susquehanna Asia Venture Capital- Moneycontrol.commoneycontrol.com · Dec 2025Skydo raises $10 Mn in Series A led by Susquehanna Asia VCentrackr.com · Dec 2025Skydo funding: Payments startup Skydo secures $5 million in funding from Elevation Capital, others - The Economic Timesm.economictimes.com · Aug 2024

Frequently asked questions

What does Skydo do?
Skydo provides cross-border payment services that let businesses and freelancers in India receive payments from international clients with zero FX margins and a flat fee. Operating under RBI's PA-CB framework, it partners with banks to offer transfers, instant FIRA documentation, and payment collection from over 150 countries.
Who founded Skydo?
Skydo was founded by Movin Jain, Srivatsan Sridhar in 2022.
Who are Skydo's investors?
Skydo's investors include Better Capital, Elevation Capital, Eximius Ventures.
How much funding has Skydo raised?
Skydo has disclosed $10M raised across 1 of its 3 known rounds.
Where is Skydo headquartered?
Skydo is headquartered in Bengaluru, IN.