About OTPless
OTPless is a Technology company based in Delhi (India) founded in 2021 by Tanmay Sagar and Satyam Nathani. OTPless authentication solutions are delivered via WhatsApp integration. OTPless has raised $6.11 million across 2 funding rounds from investors including Angel List, SIDBI and Venture Highway VC. The company has 41 employees. OTPless was last valued at $8.22 million in February 2023. Its chief executive, as recorded, is Bhavik Koladiya. Its website otpless.com draws about 1.4 million monthly visits. Its Indian entity Otpless Solutions Private Limited reported revenue of ₹4.84 Cr. Its focus areas include Enterprise Infrastructure, Cybersecurity, IAM and MFA.
Company details
OTPless was established in 2021 in Delhi, India, within the cybersecurity sector. Authentication services are provided that remove reliance on SMS, OTPs, and passwords. Two-tap login experiences are enabled through WhatsApp channels. Secure device-bound methods are utilized to reduce risks of identity theft and OTP spoofing for business applications.
- Headquarters Delhi, India
- Employees 41
- Founders Tanmay Sagar, Satyam Nathani
- Stage Minicorn
- SectorsTechnology
- Website category Computers Electronics and Technology · Graphics Multimedia and Web Design
- Email••••••••
- Website otpless.com
- Social LinkedIn X Facebook
- Legal Name Otpless Solutions Private Limited
- Date of Incorporation 09 Dec, 2021
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹4.84 Cr
FY 2025 · +657% YoY
- Net Loss-₹14.13 Cr
FY 2025 · -292% margin
- EBITDA-₹13.87 Cr
FY 2025 · -287% margin
- Total Equity Funding$6.11M (USD)
in 2 rounds
- Latest Funding Round$3.5M (USD), Seed
May 2024
- InvestorsAngel List
& 9 more
- Employee Count41
Associated legal entities of OTPless
OTPless operates through Otpless Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Otpless Solutions Private Limited CIN U72900DL2021PTC391041 | Active | 09 Dec 2021 | New Delhi, Delhi | ₹4.8 Cr | 41 | 5 | View details |
Funding Insights of OTPless
OTPless has successfully raised a total of $6.11M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.5 million completed in May 2024. 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 $6.11M
- Total Rounds 2
- Last Round Seed — $3.5M
- First Round $2.61M
(Feb 2023)
- Investors Count 10
All 2 funding rounds of OTPless 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 |
|---|---|---|---|---|---|
| May 2024 | $3.5M | Seed | – | SIDBI, SIDBI Venture Capital | |
| Feb 2023 | $2.61M | Seed | $8.22M | Venture Highway |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2023 | $8.22M | •••••••• |
Last known valuation $8.22M (Feb 2023). 10 investors in total: 10 institutional.
Investors in OTPless
OTPless has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Angel List, SIDBI and Venture Highway VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are made in fintech, retail, and healthtech sectors. | 2015 | venturehighway.vc | Delhi, India | |
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States | |
Private equity fund investing in multiple sectors | piperserica.vc | Mumbai, India | ||
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Venture capital fund focused on fintech startups | whiteventurecap.com | Singapore, Singapore | ||
Financial support is extended to micro, small, and medium enterprises. | 1990 | sidbi.in | Lucknow, India | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Limited information available | utsavsomani.com | |||
Innovative activities are conducted by QED Innovation in India. | qed-innovations.com | India | ||
| maypop.tcc.mode |
Investor details for OTPless
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Otpless Solutions Private Limited (OTPless)
Otpless Solutions Private Limited is the primary company behind OTPless. The board of Otpless Solutions Private Limited currently have 4 directors; the longest-serving is Tanmay Sagar, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tanmay Sagar DIN 09430103 | Director | 09 Dec 2021 | 4 yrs 10 mo | Otpless Solutions Private Limited |
| Satyam Nathani DIN 09712232 | Director | 23 Aug 2022 | 4 yrs 2 mo | Otpless Solutions Private Limited |
| Bhavik Koladiya DIN 08090416 | CEO | 01 Jan 2023 | 3 yrs 9 mo | Otpless Solutions Private Limited |
| Chintan Kaushik Gandhi DIN 10399326 | Nominee Director | 26 Nov 2024 | 1 yr 10 mo | Otpless Solutions Private Limited |
People of OTPless
10 people are tracked at OTPless (6 in leadership, 4 in team); the tracked headcount is 41.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| CEO | Leadership | |
Anubhav Mathur | Co-CEO | Leadership |
Manas Poddar | VP Of Growth | Leadership |
Sahhil Chawla | Chief Sales Officer (cso) | Leadership |
Saksham Sagar | Lead/india Sales And Product Implementation | Team |
Digvijay Singh | Principal Engineer | Team |
Nischal Shrestha | Growth & Sales | Team |
Vikas Tejani | Founding Engineer | Team |
Complete people profiles for OTPless
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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Financials of OTPless
Figures of Otpless Solutions Private Limited, the primary company behind OTPless, for FY 2025. Revenue was ₹4.84 Cr (+657% year on year). Net loss was -₹14.13 Cr (-292% margin). EBITDA was -₹13.87 Cr (-287% margin).
- ₹4.84 CrRevenue · FY 2025 · +657% YoY
- -₹14.13 CrNet loss · -292% margin
- -₹13.87 CrEBITDA · -287% margin
- ₹5 LakhPaid-up capital
- 41Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Otpless Solutions Private Limited are on its company page.
Detailed financial statements for OTPless
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of OTPless
4 dated milestones of OTPless across 3 years, from founding to its latest funding, stage changes and deals.
- Founded OTPless is founded.
- Funding First funding round of $2.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $3.5M.
Web traffic of OTPless
The website of OTPless (otpless.com) receives about 1.4M visits a month and ranks #54,857 among all websites worldwide, #6,609 in Graphics Multimedia and Web Design.
- Monthly visits1.4M
▲ 21.1% vs previous month
- Unique visitors677.7K
per month
- Global rank#54,857
among all websites
- Category rank#6,609
Computers Electronics and Technology · Graphics Multimedia and Web Design
- Bounce rate47%
- Pages per visit2.1
- Average visit1 min 32 sec
- DevicesDesktop 1% · Mobile 99%
Websites whose visitors overlap most with OTPless. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| canva.com | 100% | 876.1M | #35 | View details | |
| webxion.com | 100% | 6.8K | #2,913,106 | View details | |
| viasocket.com | 91% | 157.4K | #221,484 | View details | |
| github.com | 74% | 542.6M | #65 | View details | |
| google.com | 71% | 85.8B | #1 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for OTPless
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- 28 similar websites
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Related news about Otpless
Complete news archive for OTPless
Full article history, source details, and older brand coverage require an active premium plan.
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Frequently Asked Questions about OTPless
OTPless was founded in 2021 and raised its 1st funding round 2 years after it was founded.
OTPless is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Bhavik Koladiya is the CEO of OTPless, as recorded in our data.
OTPless is a funded company, having raised a total of $6.11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.61M, raised on Feb 2023.
OTPless has 41 employees.
The primary company behind OTPless, Otpless Solutions Private Limited, reported revenue of ₹4.84 Cr for FY 2025, up 657% year on year.
OTPless was established in 2021 in Delhi, India, within the cybersecurity sector. Authentication services are provided that remove reliance on SMS, OTPs, and passwords. Two-tap login experiences are enabled through WhatsApp channels. Secure device-bound methods are utilized to reduce risks of identity theft and OTP spoofing for business applications.
OTPless has 10 investors. Key investors include Angel List, SIDBI, Venture Highway VC, FJ Labs, and SIDBI Venture Capital.
The valuation of OTPless is $8.22M as of Feb 2023.
OTPless operates through Otpless Solutions Private Limited.
The legal entities of OTPless currently have 4 directors, including Chintan Kaushik Gandhi, Satyam Nathani, Tanmay Sagar and others.
The website of OTPless receives about 1.4 million visits a month and ranks #54,857 among all websites worldwide.