Key Metrics
  • No. of Employees47
  • Founded Year 2022
  • Company StagePrivate Limited Company
  • Total Funding₹81.43 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About Skydo

Skydo Fintech, headquartered in Bangalore, is a pioneering fintech startup with a compelling mission to streamline cross-border B2B payments and significantly reduce forex charges for businesses by over 50%.

Through strategic partnerships with leading banks worldwide, Skydo Fintech empowers businesses by providing them with dedicated foreign virtual accounts for seamless payment receipt, eliminating taxation or compliance burdens.

What sets Skydo Fintech apart is its commitment to transparency and cost-effectiveness. The platform converts money at live Forex rates with absolutely zero markup, and for every transaction, a flat fee of $29 is charged.

Experience the future of hassle-free cross-border payments by creating your US virtual account promptly on skydo.com. The signup process is quick, taking just 5 minutes, putting businesses in control of their international transactions with ease. Skydo Fintech is not just revolutionizing payments; it's reshaping the landscape for businesses to thrive in the global marketplace.

Business Model

Skydo is a fintech startup that provides an online platform for users to receive payments from overseas businesses. The platform offers real-time payment tracking and aims to streamline cross-border B2B payments, addressing challenges such as high fees and delays. Additionally, Skydo allows travelers to discover and book vacation rentals, while property owners can list accommodations.

Top Competitors
SA
SaltU72100KA2020PTC131555
WI
WinvestaU72900MH2019FTC328790
PA
PayglocalU72200KA2021PTC145531
Skydo Funding Details
Funding Highlights
Latest Funding Roundpre-Series A
Total Funding Raised₹81.43 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors1
Investors
  • Elevation capital
Note:

The holding entity of the company is based in the US; hence, no information is available about the shareholding and valuation of the company.

Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Skydo Financial Details
Financial Highlights
FY 2023-24 Revenue₹2.26 Cr
FY 2023-24 Expenses₹15.41 Cr
FY 2023-24 Profit/Loss-₹13.15 Cr
Net Cash Flow From Operations-₹13.12 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
Skydo Key People
People Metrics
Current Core Team2
Board Members/Directors2

Core Team

SS
Srivatsan SridharCo-Founder & CEO
MJ
Movin JainCo-Founder

Board Members/Directors

SS
Srivatsan SridharDirector
MJ
Movin JainDirector
Skydo Documents

AY - 2022-23

Profit and loss statement - Skydo - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Skydo for FY 2022-23
₹249.00 ₹498.00
Balance sheet - Skydo - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of Skydo for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - Skydo - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Skydo for FY 2023-24
₹249.00 ₹498.00
Balance sheet - Skydo - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of Skydo for FY 2023-24
₹249.00 ₹498.00

Subscribe to our newsletter to stay updated