Draft:Skydo
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Skydo is an Indian financial technology company[1] headquartered in Bengaluru, Karnataka.[2][3] It develops software and payment infrastructure for cross-border business payments, primarily serving exporters,[4] freelancers,[5] startups,[6] and small and medium-sized enterprises (SMEs) in India.[7][8]
Background
Skydo was founded in 2022 by Srivatsan Sridhar and Movin Jain.[9][10]The company was established to simplify the process of receiving international payments for Indian businesses and to provide foreign exchange and cross-border payment services.[11][12][13]
In 2024, Skydo secured US$5 million in a pre-Series A funding round led by Elevation Capital.[14][15] In 2025, the company raised an additional US$10 million in a Series A round led by Susquehanna Asia Venture Capital, with participation from existing investors including Elevation Capital and Eximus Ventures.[16][17]
The company has obtained regulatory approvals from the Reserve Bank of India to operate as a Payment Aggregator–Cross Border.[18][19] In 2026, it also received in-principle approval to operate as a Payment Service Provider in Gujarat International Finance Tec-City.[20][21]
Skydo has collaborated with companies involved in international trade and payments, including Veem, Intoglo, and Amazon Global Selling.[22][23]These collaborations have focused on supporting cross-border payments and export-related services for Indian businesses.[24][25][26][27]
References
- ^ "Skydo Financials". Inc42. Retrieved 2 July 2026.
- ^ "Skydo, Intoglo partner to help SMEs claim US tariff refunds". IBS Intelligence. Retrieved 2 July 2026.
- ^ "Skydo Secures RBI Authorisation for Cross-Border Payments". Entrepreneur India. Retrieved 2 July 2026.
- ^ "Skydo secures final RBI authorisation for cross-border payments". IBS Intelligence. Retrieved 2 July 2026.
- ^ "Skydo receives RBI final nod for cross-border payments". The Times of India. Retrieved 2 July 2026.
- ^ "Skydo enables Indian exporters to unlock over $150M in US tariff refunds". The Economic Times. Retrieved 2 July 2026.
- ^ "Skydo secures GIFT City PSP licence and RBI outward payments licence". Entrackr. Retrieved 2 July 2026.
- ^ "Skydo secures GIFT City licence, RBI nod for cross-border payment expansion". BW Disrupt. Retrieved 2 July 2026.
- ^ "Skydo receives RBI nod to operate as cross-border payment aggregator". CNBC TV18. Retrieved 2 July 2026.
- ^ "Skydo secures final RBI authorisation for cross-border payments operations". Indian Startup Times. Retrieved 2 July 2026.
- ^ "Skydo receives final RBI authorisation for cross-border payments". Business Standard. Retrieved 2 July 2026.
- ^ "Skydo gets RBI approval for cross-border payment operations". GKToday. Retrieved 2 July 2026.
- ^ "Skydo secures Rs 90 crore in fresh funding". The Economic Times. Retrieved 2 July 2026.
- ^ "Skydo receives final RBI authorisation for cross-border payments". Entrackr. Retrieved 2 July 2026.
- ^ "Skydo raises USD 10 million to build exporter payment infrastructure". SMEStreet. Retrieved 2 July 2026.
- ^ "Cross-border payments startup Skydo raises $10 million in Series A round led by Susquehanna Asia Venture Capital". Moneycontrol. Retrieved 2 July 2026.
- ^ "Here is how Skydo is addressing challenges in B2B cross-border payments". Entrackr. Retrieved 2 July 2026.
- ^ "Skydo Secures Final RBI Authorisation for Cross-Border Payments". FF News. Retrieved 2 July 2026.
- ^ "Skydo teams with Veem to power faster global payments". IBS Intelligence. Retrieved 2 July 2026.
- ^ "Skydo revolutionizes cross-border payments for Indian businesses". ET Entrepreneur. Retrieved 2 July 2026.
- ^ "Indian exporters can now claim US tariff refunds worth over $150M with Skydo". India Shipping News. Retrieved 2 July 2026.
- ^ "Cross-border payments: Skydo gets GIFT City PSP approval and RBI nod for outward flows". CNBC TV18. Retrieved 2 July 2026.
- ^ "Skydo raises $10 Mn in Series A led by Susquehanna Asia VC". Entrackr. Retrieved 2 July 2026.
- ^ "Skydo wins key licences for global payments from RBI & GIFT City". IBS Intelligence. Retrieved 2 July 2026.
- ^ "Skydo receives final RBI nod to operate as cross-border payment aggregator". The Economic Times. Retrieved 2 July 2026.
- ^ "Skydo secures final RBI authorisation for cross-border payments". PSU Watch. Retrieved 2 July 2026.
- ^ "AI, RBI nod, Amazon tie-up: How Skydo is powering India's small exporters". The Economic Times. Retrieved 2 July 2026.
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