Enterprise Software & ITBengaluru
OTPless revenue, valuation and funding
It has raised $6.5M in total, as reported by StopDown on 1 October 2026.
| Total raised | $6.5M |
|---|
Each figure links to the story that reported it.
OTPless key facts
- What it doesAuthentication startup Story
- HeadquartersBengaluru
- Last round$3.5 million, Pre-Series A, on 16 May 2024 Story
- StatusPrivate
$6.5 millionTotal raised2026
₹36 croreAnnualised revenueSep 2026
120M+Logins a month2026
Funding rounds
| When | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Feb 2023 | Seed | $2.7 million | Neeraj Arora, Kunal Shah, Amrish Rau, Jitendra Gupta, Utsav Somani, Amit Jain, Fabrice Grinda, Luke Skertich | Entrackr |
| May 2024 | Pre-Series A | $3.5 million | SIDBI (lead), Venture Highway, FJ Labs, Piper Serica | EntrackrYourStory |
Timeline
- 2023
- Jan 2023 Bhavik Koladiya became CEO YourStory
- Feb 2023 Seed round of $2.7 million Entrackr
- 2024
- May 2024 Pre-Series A: $3.5 million led by SIDBI EntrackrYourStory
- 2026
- Sep 2026 Satyam Nathani became CEO and Tanmay Sagar COO BW DisruptEntrackrInc42
- Oct 2026 Manas Poddar named chief business officer Entrackr
The short version
- OTPless lets people sign in to apps through WhatsApp, passkeys and SIM checks instead of typing a texted code. EntrackrEntrackrBW Disrupt
- Its customers include Meesho, Zepto, ShareChat, Shiprocket, PhysicsWallah, Navi, OLX and Classplus. BW DisruptEntrackr
- Bhavik Koladiya, a former BharatPe co-founder, became CEO in January 2023 after first joining as a board member. YourStory
- It raised a $3.5 million pre-Series A in May 2024, led by SIDBI, taking total funding to about $6.5 million. EntrackrYourStory
- In September 2026 co-founders Satyam Nathani and Tanmay Sagar became CEO and COO as Koladiya stepped away. BW DisruptInc42
- It says annualised revenue is ₹36 crore and it has been profitable for the last two quarters. BW DisruptEntrackr
- On 1 October 2026 it named early team member Manas Poddar chief business officer, in charge of sales and partnerships. Entrackr
Products
- WhatsApp Authentication: Lets users verify themselves and log in through WhatsApp. BW Disrupt
- Passkeys: Password-free login using the user's device. BW Disrupt
- Silent Network Authentication: Checks a user through the phone's SIM, with no texted code. BW DisruptEntrackr
- UPI SIM Binding: Ties a payment app login to the user's SIM card. BW Disrupt
- Device intelligence and fraud tools: Help spot fake or risky sign-ups. Entrackr
People
- Satyam Nathani: CEO since September 2026. Co-founder, early BharatPe team member, left IIT Delhi before finishing. BW DisruptEntrackr
- Tanmay Sagar: COO and co-founder. Founding member at BharatPe, left in 2021 to start OTPless. BW DisruptEntrackr
- Bhavik Koladiya: Co-founder of BharatPe and CEO of OTPless from January 2023 until he stepped away in September 2026. YourStoryBW Disrupt
- Manas Poddar: Chief business officer. Joined in 2023 and led the business side. Entrackr
Every line links to the article it came from, written in our own words. Not investment advice. Profile updated 2026-11-14.
Stories cover its people and funding news. Sectors: Enterprise Software & IT. Stages: Pre-Series A. Based in Bengaluru and Surat. Stories run from 3 January 2023 to 9 October 2026.
The founders
Who put in money
Every story on OTPless
- OTOTPless · People · 9 October 2026OTPless names Geetanshu Singla as CTOOTPless is a Bengaluru identity and access startup whose login tools are used by large consumer apps
- OTOTPless · People · 1 October 2026OTPless names Manas Poddar chief business officerOTPless is a Bengaluru startup offering login and identity tools such as passkeys and WhatsApp authentication to consumer businesses
- OTOTPless · People · 18 September 2026OTPless elevates co-founders to CEO and COO rolesOTPless builds user verification tools that let consumer apps log people in without relying on text passwords or passcodes
- OTOTPless · Funding · 16 May 2024 · $3.5 millionOTPless raises $3.5 million pre-Series ASIDBI led the round, with Venture Highway, FJ Labs and Piper Serica also putting money into the company
- OTOTPless · People · 3 January 2023Bhavik Koladiya becomes OTPless chief executiveThe former BharatPe co-founder announced in January 2023 that he had taken charge as chief executive of the startup
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