Private Equity PE-VC Fund Investments
Security tech startup IDfy raises $25-M led by Neo Asset Management
Mumbai-based IDfy has raised INR 220 Cr (approximately USD 25 million) in a Series F funding round led by Neo Asset Management with participation from Blume Ventures, Emerald Lush, Elev8, IndiaMart, and Kael.Founded by Ashok Hariharan, Vineet Jawa, and Hatim Baheranwala, IDfy develops technology-driven products and solutions for authenticating individuals and businesses. Its platform assists enterprises in preventing fraud and onboarding verified entities with minimal friction.
Company website ↗ (opens in a new tab)
Between Aug 2012 and Nov 2024, IDfy had attracted about USD 59 M from Analog Capital, IndiaMART, Elev8 Venture Partners, KB Investment, Tenacity Ventures, Blume Ventures, Dream Incubator, NB Ventures, NEA, Trifecta Capital, Beenext, & others.For FY25, IDfy had reported about INR186 Cr in Operating Income and about INR 1.59 Cr in PAT.