An Operator's Blog - with Soumitra Sharma
An Operator's Blog - with Soumitra Sharma
Soumitra Sharma
How Skydo Found Product-Market Fit in India’s Cross-Border B2B Payments
1 hour 15 minutes Posted Jun 17, 2025 at 11:49 pm.
This episode goes in-depth into Skydo’s journey from Day 0 to emerging as a category leader in India's cross-border B2B payments today, helping more than 6,000 Indian products & services exporters receive payments from 150+ countries & in 32+ currencies.We cover everything from the untapped cross-border payments opportunity, learnings from fintech MVP iterations, doing customer research to identify unique product & business model insights, the philosophy of "do things that don’t scale" and figuring out differentiation pre-PMF, leveraging founder-led sales to acquire early customers, building a culture of radical transparency, learnings from VC fundraising and finally, Skydo’s plans for the next 2 years. Joining me for this discussion are Skydo's co-founders - Movin Jain and Srivatsan Sridhar. Previously, Movin held leadership roles at PhonePe, Meesho & Ola, and Srivatsan at McKinsey, Ola, and Rupeek.TIME STAMPS:
The Skydo backstory
Why cross-border payments is an untapped opportunity
Iterating a fintech MVP
Examples of “do things that don’t scale” in fintech
Figuring out product differentiation at the early stages
Importance of intellectual humility
Finding early adopters in a high-trust business like fintech
Right-sizing the early sales team
Optimizing the marketing funnel
Doing “unscalable” founder-led customer service to differentiate
How to discover what to build or improve in a B2B payments product
Building a culture of radical transparency
Learnings from VC fundraising
Navigating cross-border payments regulations
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This episode goes in-depth into Skydo’s journey from Day 0 to emerging as a category leader in India's cross-border B2B payments today, helping more than 6,000 Indian products & services exporters receive payments from 150+ countries & in 32+ currencies.We cover everything from the untapped cross-border payments opportunity, learnings from fintech MVP iterations, doing customer research to identify unique product & business model insights, the philosophy of "do things that don’t scale" and figuring out differentiation pre-PMF, leveraging founder-led sales to acquire early customers, building a culture of radical transparency, learnings from VC fundraising and finally, Skydo’s plans for the next 2 years. Joining me for this discussion are Skydo's co-founders - Movin Jain and Srivatsan Sridhar. Previously, Movin held leadership roles at PhonePe, Meesho & Ola, and Srivatsan at McKinsey, Ola, and Rupeek.TIME STAMPS:(01:00) The Skydo backstory(04:08) Why cross-border payments is an untapped opportunity(09:10) Iterating a fintech MVP(16:54) Examples of “do things that don’t scale” in fintech(20:47) Figuring out product differentiation at the early stages(26:52) Importance of intellectual humility(30:09) Finding early adopters in a high-trust business like fintech(35:01) Right-sizing the early sales team(36:53) Optimizing the marketing funnel (42:51) Doing “unscalable” founder-led customer service to differentiate (44:59) How to discover what to build or improve in a B2B payments product(51:37) Building a culture of radical transparency(59:30) Learnings from VC fundraising (1:07:38) Navigating cross-border payments regulations(1:14:35) Why should Indian exporters prefer Skydo over traditional banks?Connect with Movin - https://www.linkedin.com/in/movinjain/ and Srivatsan - https://www.linkedin.com/in/srivats80/*****Check out "An Operator's Blog" (https://operator.blog/) for weekly posts on Startups, Investing, and Life.I am a venture investor focused on the US-India corridor. Feel free to reach out on LinkedIn (https://www.linkedin.com/in/soumitrasharma5/) and follow me on X (@soumitra_sharma).