About OTPless
OTPless is a company based in Delhi (India) founded in 2021 by Tanmay Sagar and Satyam Nathani. 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 as of May 11, 2024. OTPless operates in a competitive market with competitors including Okta, Ping Identity, ForgeRock, ID.me and Stytch, among others.
- Headquarter Delhi, India
- Employees 41 as on 11 May, 2024
- Founders Tanmay Sagar, Satyam Nathani
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Otpless Solutions Private Limited
- Date of Incorporation 09 Dec, 2021
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$329.13 (USD)0as on Mar 31, 2023
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Net Profit
-$504.49 K (USD)-82171.77as on Mar 31, 2023
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EBITDA
-$504.19 K (USD)-161182.49as on Mar 31, 2023
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Total Equity Funding
$6.11 M (USD)
in 2 rounds
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Latest Funding Round
$3.5 M (USD), Seed
May 06, 2024
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Investors
Angel List
& 9 more
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Employee Count
41
as on May 11, 2024
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People of OTPless
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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.
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.
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Early-stage investments are made in fintech, retail, and healthtech sectors.
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Private equity fund investing in multiple sectors
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Investor details for OTPless
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Investments & Acquisitions by OTPless
Investment portfolio details for OTPless
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Financial Statements - OTPless
Detailed financials for OTPless
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Otpless Comparisons
Peer comparison for OTPless
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Competitors of OTPless
OTPless operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Okta, Ping Identity, ForgeRock, ID.me and Stytch, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based identity management and authentication are provided for enterprises.
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Cloud-based identity management solutions are provided for enterprises.
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Cloud-based identity verification solutions are provided for customers.
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Secure cloud-based identity management and authentication solutions are offered.
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User authentication solutions are provided for modern applications.
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Two-factor authentication hardware and software solutions are provided by Yubico.
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Detailed competitors of OTPless
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Latest news on Otpless
Complete news archive for OTPless
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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 current CEO of OTPless.
OTPless is a funded company, having raised a total of $6.11M across 2 funding rounds to date.
As of May 11, 2024, the latest employee count at OTPless is 41.
Annual revenue of OTPless is $329.13 as on Mar 31, 2023.
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's top competitors include Ping Identity, Okta and ForgeRock.
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.