OTPless elevates co-founders Satyam Nathani and Tanmay Sagar as CEO and COO

Identity and access management startup OTPless has elevated co-founders Satyam Nathani and Tanmay Sagar as CEO and COO, respectively, according to its press release. The elevation has come at a time when the Bengaluru-based company enters its next phase of growth. Nathani and Sagar co-founded OTPless in 2023 and have since scaled the platform to more than 300 million users and Rs 36 crore in annualised revenue, which represents 2.5X growth over the previous year. According to the release, the 12-member startup has also been profitable for the past two quarters. Before starting OTPless, both founders dropped out of IIT Delhi and joined BharatPe as founding members, where they were part of the fintech company’s early growth and its journey to becoming a unicorn. OTPless provides authentication and identity solutions to consumer businesses through technologies such as Silent Network Authentication, WhatsApp Authentication, Device Intelligence and Passkeys. Its platform authenticates more than 300 million mobile users and counts Meesho, Navi, PhysicsWallah, ShareChat, Shiprocket, ixigo, Zepto et al. The company has raised$6.5 millionfrom investors including Venture Highway, White Venture, FJ Labs, SIDBI and Piper Serica. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.

Original source: Entrackr