Tech Company Financing Transactions
Skydo Funding Round
On 8/13/2024, Skydo announced $5 million in Series A funding from Elevation Capital and private investors.
Transaction Overview
Company Name
Announced On
8/13/2024
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series A
Investors
Elevation Capital (Lead Investor) (Mridul Arora)
Proceeds Purpose
This investment will help us acquire payments licences across geographies, expand internationally and enable customers to send and receive business payments across multiple countries.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
3rd floor, Incubex HSR 18, 581, 1st Main Rd, Sector 6, HSR L
Bengaluru, Karnataka, 560102
India
Bengaluru, Karnataka, 560102
India
Phone
Undisclosed
Website
Email Address
Overview
Skydo was founded in 2022 with a mission to make global transactions as seamless as local ones. Skydo operates under RBI's OPGSP framework and has partnered with leading banks across the globe to offer a fast, transparent, and affordable solution. In just two years, Skydo has enabled over 5000 businesses & freelancers in India to work with global clients and get paid locally.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Srivatsan Sridhar
Founder
Movin Jain
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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