OTPless funding, investors and company details

OTPless is an emerging Information Technology - SaaS startup from Mumbai, working in the space of SaaS / Authentication Technology – Passwordless login & user verification solutions. Founded by Bhavik Koladiya.

Company: OTPless Technologies Private Limited
Sector: Information Technology - SaaS
Location: Mumbai
Founders: Bhavik Koladiya
Total funding raised: ₹29.2 Cr

Company overview

OTPless is a SaaS-based authentication and user onboarding platform that simplifies the login and verification process for digital applications. The company enables businesses to replace traditional OTPs, passwords, and SMS-based authentication with a seamless WhatsApp-based login system. The core business of OTPless revolves around providing a frictionless, two-tap social login solution, allowing users to authenticate themselves quickly without remembering passwords or waiting for OTPs. By leveraging widely used platforms like WhatsApp, the company enhances user experience, improves login success rates, and reduces drop-offs during onboarding. OTPless primarily serves businesses such as e-commerce platforms, fintech apps, and digital services, helping them improve customer acquisition and retention through faster and more secure authentication. Its value proposition lies in reducing costs associated with SMS OTPs, minimizing fraud risks, and offering a scalable API-based solution that can be easily integrated into apps and websites. Overall, OTPless positions itself as a next-generation identity and authentication provider focused on convenience, security, and efficiency in digital user journeys.

Funding rounds

Latest round (Pre Series A): $ 3.50 Mn (₹29.20 Cr.), 2024-05-17. Investors: Small Industries Development Bank of India (SIDBI)