About IDfy
IDfy is a Technology company based in Mumbai (India) founded in 2011 by Narayanswamy Hariharan, Vineet Jawa, and Ashok Hariharan. Identity verification, background screening, and fraud prevention solutions are provided. It operates in the Technology and Financial Services sectors. IDfy has raised $103.31 million across 13 funding rounds from investors including IndiaMART, TransUnion and HDFC Bank. IDfy was last valued at $43.96 million in September 2021. Its chief executive, as recorded, is Ashok Hariharan. Its website idfy.com draws about 1 million monthly visits. Its focus areas include Enterprise Applications, HRTech, Applicant Tracking System and Background Check.
Company details
Provider of identity verification, background screening, fraud prevention, and risk solutions. They offer a suite of APIs for identification, verification, and onboarding. The company provides video solutions for remote verification and onboarding processes. It delivers technology-driven solutions for background screening, along with a no-code platform for onboarding journeys. They offer fraud and risk solutions, including transaction intelligence and legal history checks.
- Total Equity Funding$103.31M (USD)
in 13 rounds
- Latest Funding Round$23M (USD), Series F
Jun 2026
- InvestorsIndiaMART
& 26 more
Associated legal entities of IDfy
IDfy is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Baldor Technologies Account Aggregator Services Private Limited CIN U72900MH2022PTC390812 | Under Liquidation | 20 Sep 2022 | Mumbai, Maharashtra | ₹0.1 Cr | 2 | View details | |
| Baldor Technologies Private Limited CIN U74900MH2011PTC291275 | Active | 31 May 2011 | Mumbai, Maharashtra | ₹164 Cr | 652 | 8 | View details |
Apps and channels of IDfy
its YouTube channel IDfy has 1.34K subscribers and 30 videos.
Videos from IDfy
The most watched videos on IDfy's YouTube channel, IDfy (1.34K subscribers). Click a video to play it here.
More on IDfy.
Funding Insights of IDfy
IDfy has successfully raised a total of $103.31M across 13 strategic funding rounds. The most recent funding activity was a Series F round of $23 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $103.31M
- Total Rounds 13
- Last Round Series F — $23M
- First Round $156,499
(Mar 2012)
- Investors Count 27
Latest 10 of 13 funding rounds of IDfy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $23M | Series F | – | – | – |
| Feb 2026 | $24.28M | Series F | – | Neo Asset Management | |
| May 2024 | $10.76M | Series E | – | IndiaMART | – |
| Mar 2024 | $27M | Series E | – | Elev8 | |
| Sep 2021 | $12.53M | Series D | $43.96M | TransUnion, Blume Ventures | |
| Aug 2020 | $2.14M | Series A | $113.89M | Millenna FVCI III | |
| Jul 2018 | $72,672 | Series A | $••••• | Suresh Mahalingam, Suresh Mahalingam | – |
| Dec 2017 | $304,912 | Series A | $••••• | New Enterprise Associates, Dream Incubator | |
| Aug 2016 | $83,844 | Seed | $••••• | Trifecta Capital | – |
| Jun 2016 | Debt – Venture | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2021 | $43.96M | •••••••• |
| Aug 2020 | $113.89M | •••••••• |
| Jul 2018 | $••••• | •••••••• |
| Dec 2017 | $••••• | •••••••• |
| Aug 2016 | $••••• | •••••••• |
| Mar 2015 | $••••• | •••••••• |
| Dec 2013 | $••••• | •••••••• |
Full valuation and stage history of IDfy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $43.96M (Sep 2021). 27 investors in total: 20 institutional and 7 angel.
Investors in IDfy
IDfy has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include IndiaMART, TransUnion and HDFC Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in growth-stage companies across multiple sectors. | elev8vp.com | Bengaluru, India | ||
Venture capital fund investing in early-stage tech startups | 1990 | kbic.co.kr | Seoul, South Korea | |
Technology investment firm focusing on early-growth stages and software businesses in India. | 2021 | tenacity.vc | Mumbai, India | |
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Dream Incubator is engaged in strategic consulting and business incubation. | 2000 | dreamincubator.co.jp | Chiyoda City, Japan | |
Venture capital firm focused on multiple sectors | Ebene City, Mauritius | |||
Private debt and equity funds are managed for technology sectors. | trifectacapital.in | Gurugram, India | ||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
| elev8.vc |
Investor details for IDfy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of IDfy
The boards of the 2 registered companies of IDfy currently have 8 directors; the longest-serving is Vineet Jawa, appointed in 2011. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vineet Jawa DIN 02658847 | Director | 31 May 2011 | 15 yrs 5 mo | Baldor Technologies Private Limited, Baldor Technologies Account Aggregator Services Private Limited |
| Ashok Narayan Hariharan DIN 02729740 | Director | 31 May 2011 | 15 yrs 5 mo | Baldor Technologies Private Limited, Baldor Technologies Account Aggregator Services Private Limited |
| Karthik Reddy Bezawada DIN 02214476 | Nominee Director | 26 Mar 2012 | 14 yrs 7 mo | Baldor Technologies Private Limited |
| Vivek Trilokinath DIN 02798690 | Director | 08 Feb 2018 | 8 yrs 8 mo | Baldor Technologies Private Limited |
| Mayur Kapur DIN 09589405 | Nominee Director | 30 Aug 2022 | 4 yrs 2 mo | Baldor Technologies Private Limited |
| Navin Kotrappa Honagudi DIN 02670167 | Nominee Director | 23 Apr 2024 | 2 yrs 6 mo | Baldor Technologies Private Limited |
| Ashish Jaiprakash Shastry DIN 10565452 | Nominee Director | 23 Apr 2024 | 2 yrs 6 mo | Baldor Technologies Private Limited |
| Rohit Razdan DIN 05138893 | Nominee Director | 23 Apr 2024 | 2 yrs 6 mo | Baldor Technologies Private Limited |
People of IDfy
102 people are tracked at IDfy (30 in leadership, 72 in team).
| Name | Role | Group |
|---|---|---|
Narayanswamy Hariharan | Co-Founder | Leadership |
| Co-Founder & Diretcor | Leadership | |
| Co-Founder & CEO | Leadership | |
Kaushik Dedhiya | Director of Finance | Leadership |
Rohan Sabnis | Director | Leadership |
Navnit Suryanarayanan | Director of Sales | Leadership |
Charith Atluri | Director of Sales | Leadership |
Nitin R Lalge | Director - Technology Leader | Leadership |
Jerome Ocampo-Tan | Director | Leadership |
Rahul Lakhani | Country Head - Business | Leadership |
Wriju Ray | Chief Business Officer | Leadership |
Ashish Sahni | Chief Technology Officer | Leadership |
Rahul Bohora | Associate Director | Leadership |
Rishabh Jindal | Chief Of Staff | Leadership |
Abhijit Joshi | Vice President, Product Management | Leadership |
Vyshak Vinod | Associate Director | Leadership |
Anupama Mundhra | Director | Leadership |
Navarun R. | Vertical Sales Head - Video Platform | Leadership |
Vivek Sasikumar | Vice President, Engineering | Leadership |
Suhel Khan | Head Of Quality Assurance | Leadership |
82 more people are available in the full profile.
Complete people profiles for IDfy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of IDfy
Figures of Baldor Technologies Private Limited, the primary company behind IDfy, for FY 2025. Revenue was ₹164 Cr (+30% year on year). Net profit was ₹1.59 Cr (1% margin). EBITDA was ₹4.68 Cr (2% margin).
- ₹164 CrRevenue · FY 2025 · +30% YoY
- ₹1.59 CrNet profit · 1% margin
- ₹4.68 CrEBITDA · 2% margin
- ₹7.49 CrPaid-up capital
- 652Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Baldor Technologies Private Limited are on its company page.
Detailed financial statements for IDfy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of IDfy
4 dated milestones of IDfy across 15 years, from founding to its latest funding, stage changes and deals.
- Founded IDfy is founded.
- Funding First funding round of $156K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series F, of $23.0M.
Web traffic of IDfy
The website of IDfy (idfy.com) receives about 1M visits a month and ranks #45,580 among all websites worldwide, #2,892 in Finance.
- Monthly visits1M
▲ 3.5% vs previous month
- Unique visitors488.7K
per month
- Global rank#45,580
among all websites
- Category rank#2,892
Finance · Finance
- Bounce rate44%
- Pages per visit4.3
- Average visit2 min 22 sec
- DevicesDesktop 23% · Mobile 77%
Websites whose visitors overlap most with IDfy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| njindiaonline.com | 100% | #36,457 | View details | ||
| authbridge.com | 96% | 230.8K | #155,519 | View details | |
| njindiaonline.in | 96% | #58,257 | View details | ||
| razorpay.com | 95% | 34.9M | #1,536 | View details | |
| bulkpe.in | 84% | 49.3K | #639,710 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for IDfy
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
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Related news about Idfy
Complete news archive for IDfy
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- Full article archive
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Frequently Asked Questions about IDfy
IDfy was founded in 2011 and raised its 1st funding round 1 year after it was founded.
IDfy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ashok Hariharan is the CEO of IDfy, as recorded in our data. They have also founded this company.
IDfy is a funded company, having raised a total of $103.31M across 13 funding rounds to date.
Provider of identity verification, background screening, fraud prevention, and risk solutions. They offer a suite of APIs for identification, verification, and onboarding. The company provides video solutions for remote verification and onboarding processes. It delivers technology-driven solutions for background screening, along with a no-code platform for onboarding journeys. They offer fraud and risk solutions, including transaction intelligence and legal history checks.
IDfy has 27 investors. Key investors include IndiaMART, TransUnion, HDFC Bank, HDFC securities, and Vistra ITCL.
The valuation of IDfy is $43.96M as of Sep 2021.
IDfy is associated with 2 legal entities: Baldor Technologies Private Limited, Baldor Technologies Account Aggregator Services Private Limited.
The legal entities of IDfy currently have 8 directors, including Vineet Jawa, Karthik Reddy Bezawada, Ashok Narayan Hariharan and others.
The website of IDfy receives about 1 million visits a month and ranks #45,580 among all websites worldwide.