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

Economic Times · 7m

Cross-border payment startup Skydo has secured $5 million in an equity funding round led by Elevation Capital, with participation from angel investors. This follows the company's previous $5 million raise from Elevation Capital in 2022. Skydo currently assists small businesses and freelancers in accepting payments from outside of India but aims to expand its services to include domestic merchant payment solutions. With the funding, Skydo plans to increase its total payment volume and become a key player in the international payments market in India.