Authentication and access management platform OTPless has attracted $3.5 million in its pre-Series A funding round led by SIDBI. In the startup’s maiden institutional round few notable investors like Venture Highway, FJ Labs, and Piper Serica also joined and graced the funding round.

In the entire funding round, the startup has successfully raised $6.5 million to date. In the last year February, the firm raised $2.7 million in seed round, which was led by Neeraj Arora, Kunal Shah, Amrish Rau, Jitendra Gupta, Utsav Somani, Amit Jain,Fabrice Grinda, and Luke Skertich.

The co-founder of the firm Bhavik Koladiya informed that, OTPless works with 50 members and they are planning to expand its global presence and service beyond authentication and into authorization. their global peers include Auth0, Clerk, Stytch, Descope and Transmit Security and a few others.

The startup firm was founded by Koladiya, Satyam Nathani and Tanmay Sagar, former executives of fintechunicorn BharatPe. Through OTPless, users can sign up and sign in on websites and apps via WhatsApp and other methods. This method can simplify the process for users and weeds out the need for OTPs.

It uses different social sign-in methods, including Google, iMessage, Microsoft, Github, Slack, UPI and modern protocols like Passkeys, Network Auth, Protected SMS and Device fingerprinting. The company declared that, the developers can easily integrate OTPless’s SDKs and APIs, going live within minutes using pre-built UIs. They also declared that, more than, 5,000 companies and 20,000 developers worldwide use the platform to authenticate over 30 million users.

Recently, OTPless, which comes from BhartPe Group is seeking for more funding. The list of startups and venture funds launched by former BharatPe executives includes Jivi.ai, CubeAPM, GrowthCap Venture, Eternal Capital and OTP Ventures. Recently, CrickPe, led by Ashneer Grover raised capital in their seed funding round.