Payments startup Skydo secures $5 million in funding from Elevation Capital, others

For Skydo, which is awaiting the payment aggregator cross-border licence from the RBI, this round of funding follows an earlier institutional round for a similar amount from Elevation in 2022. Skydo was incorporated in 2022 by ex-PhonePe senior executive Movin Jain and Sridharan Srivatsa who was with gold loan startup Rupeek.
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