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Skydo raises $10 million in fresh funding led by Susquehanna Investment Group to expand operations to the US.

PRIVATEDec 10, 2025

Amount Raised

$10 Million

Round Type

Venture

BengaluruFinancial ServicesPaymentsFintech

Investors

Elevation CapitalEximus VenturesSusquehanna Investment Group

Description

Bengaluru-based cross-border payments startup Skydo has raised $10 million (about Rs 90 crore) in a fresh funding round led by US-based Susquehanna Investment Group (SIG). The round also saw participation from existing investors Elevation Capital and Eximus Ventures. With this capital, Skydo aims to expand to the US and set up offices there. Total funding raised by the startup now amounts to about $20 million.

Quick answer

Skydo raised $10 Million in a funding round, dated December 10, 2025. Investors: Elevation Capital, Eximus Ventures and Susquehanna Investment Group. Skydo is based in Bengaluru, Karnataka, India.

How much did Skydo raise?
Skydo raised $10 Million in a funding round on December 10, 2025.
Who invested in Skydo?
Elevation Capital, Eximus Ventures and Susquehanna Investment Group are named as investors in this round.
What does Skydo do?
Skydo is a cross-border payments platform founded in 2022 by Srivatsan Sridhar and Movin Jain.
Where is Skydo based and how big is it?
Skydo is based in Bengaluru, Karnataka, India. Fundz records about 103 employees.
Who are the decision-makers at Skydo?
Fundz holds 5 contacts at Skydo, including the Founder. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Payments around the same time

Companies in the same sectors as Skydo that raised within 45 days of this round, from Fundz verified event records.

  • Obita raised $30M (Seed) on January 12, 2026.
  • Spangle raised $15M (Series A) on January 8, 2026.
  • Tonik raised $12M (Series C) on December 4, 2025.
  • Sokin raised $50M (Series B) on December 1, 2025.
  • Higala raised $4M (Seed) on November 25, 2025.
  • Credit Key raised $90M (Funding Round) on January 23, 2026.

Who to call at Skydo, and when

A new round usually means Skydo is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Skydo raises, hires an executive or expands, scored against what you sell
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  • Who you already know at Skydo, from your own LinkedIn network

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Company Information

Company

Skydo

Location

Bengaluru, Karnataka, India

About

Skydo is a cross-border payments platform founded in 2022 by Srivatsan Sridhar and Movin Jain. It aims to simplify international payments for SMB exporters, enterprises, and freelancers by offering a flat-fee pricing model. The platform processes payments in 32 currencies and supports over 6,000 Indian exporters. Since its inception, Skydo has processed payments of over $100 million, highlighting its significant impact on reducing forex transaction costs.

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Related People

5 contacts
Verified contactsMovin J., Founder hidden hidden hiddenSee plans and pricing
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Skydo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.