OTPless Elevates Satyam Nathani As CEO, Tanmay Sagar As COO

Identity and access management startup OTPless has elevated co-founders Satyam Nathani and Tanmay Sagar as Chief Executive Officer and Chief Operating Officer, respectively, as the 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 ₹36 crore in annualised revenue, representing 2.5x growth over the previous year. Bengaluru based, 12-member startup has been profitable for the past two quarters.

Before founding OTPless, Nathani and Sagar dropped out of IIT Delhi and joined BharatPe as founding members, where they played key roles during the fintech giant’s early years and its journey to becoming a unicorn.

“I am super excited to see Satyam and Tanmay lead OTPless from the front into its next phase of innovation and growth. Over the decade, I have seen what they can do, and I can’t wait to see them build a world-class authentication, identity and payments company from India,” said Bhavik Koladiya, current CEO of OTPless.

“What lies ahead of us is both an opportunity and a responsibility to reimagine how people identify, authenticate and transact on the internet. I couldn’t be more excited to build on the strong foundation we have laid and lead OTPless through its next phase of transformation,” said Satyam Nathani, CEO of OTPless.

“Over the past four years, OTPless has grown into a platform serving some of India’s largest and most trusted enterprises, reaching nearly a third of India’s internet population with a team of just 12 people. As COO, my focus will remain simple: stay disciplined, move fast and continue building the execution-first culture that got us here,” said Tanmay Sagar.

“We are grateful to our customers, team, investors and well-wishers for their continued trust and support. We see this new mandate as both an opportunity and a responsibility,” Nathani and Sagar added.

About OTPless

OTPless is a Bengaluru-based identity and access management company that helps large consumer enterprises provide secure, seamless and scalable authentication experiences to their customers. Its platform offers SDKs and APIs for Silent Network Authentication (SNA), WhatsApp Authentication, Device Intelligence and Passkeys, helping businesses improve user conversion while reducing fraud.

The company authenticates more than 300 million mobile users on its platform and serves leading consumer enterprises including Meesho, Navi, PhysicsWallah, ShareChat, Shiprocket, ixigo and Zepto.

OTPless has raised $6.5 million from Venture Highway, White Venture, FJ Labs, SIDBI and Piper Serica, and is backed by prominent angel investors like Samir Sood, Kunal Shah, Amrish Rau, Jiten Gupta, Utsav Somani and Amit Jain.

Recent developments in India’s authentication ecosystem, including RBI’s new authentication framework and the adoption of Silent Network Authentication within the UPI ecosystem, are creating an opportunity to move transactions beyond OTPs, PINs and passwords towards more secure and seamless forms of authentication and authorization.