# Skydo Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skydo-technologies-private

- Industry: Financial Services
- Headquarters: Bengaluru, India
- Website: www.skydo.com
- Total disclosed funding: $15M
- Latest round: Series A (Dec 10, 2025)
- Investors on record: 2

## About

Based in Karnataka, India, and founded in 2022, Skydo Technologies Private Limited is a fintech startup that helps businesses receive foreign payments. Srivatsan Sridhar (CEO) and Movin Jain are the co-founders of the company. In December 2025, Skydo Technologies Private Limited raised USD 10 million in series A funding led by new investor SIG Venture Capital, with participation from returning investor Elevation Capital.

The company provides a platform that offers a service for receiving payments from abroad with real-time payment tracking, as well as sending and receiving payments to save businesses money on currency conversion expenses. One of Skydo's key products is its international bank account service, which allows businesses to get bank accounts in the USA, UK, Europe, and Canada. Moreover, Skydo offers simple and free local transfers for international clients, ensuring a smooth payment experience.

In addition, Skydo provides GST-compliant FIRA (Foreign Inward Remittance Advice) with each payment, approved by Chartered Accountants for GST refunds. This feature helps businesses stay compliant with GST regulations, and FIRAs can be easily downloaded from the user's dashboard.

The company plans to utilize the December 2025 funding to grow globally, improve compliance and infrastructure, expand local collections, and enhance products.

## Funding rounds

- Series A, Dec 10, 2025, $10M — Elevation Capital, SIG Venture Capital
- Seed, Jun 28, 2022, $5M — Elevation Capital

## Investors

- Elevation Capital — Seed, Series A
- SIG Venture Capital (https://capitalatlas.ai/funds/sig-venture-capital) — Series A