OTPless names cofounder Satyam Nathani CEO as Bhavik Koladiya steps down
Bengaluru-based authentication and payments startup OTPless has elevated cofounder Satyam Nathani to CEO and named Tanmay Sagar COO. The company, whose clients include Zepto and Meesho, says it has authenticated more than 300 million users and reached ₹36 crore in annualised revenue.
What happened
OTPless elevated cofounder Satyam Nathani as CEO and Tanmay Sagar as COO after Bhavik Koladiya stepped down. The Bengaluru authentication and payments startup
Key facts
- Founded in 2021
- Bhavik Koladiya became CEO in January 2023
- More than 300 million mobile users authenticated
- ₹36 crore annualised revenue
- 2.5x year-on-year revenue growth
What changed
OTPless elevated cofounder Satyam Nathani as CEO and Tanmay Sagar as COO after Bhavik Koladiya stepped down. The Bengaluru authentication and payments startup serves Zepto and Meesho, reports ₹36 crore annualised revenue, and plans to expand its identity and payments offerings.
Why this matters
OTPless’s leadership transition merits monitoring for continuity in authentication and payment services used by major Indian retail platforms, particularly as the company scales its identity infrastructure.
What to watch
- New enterprise client wins beyond Zepto and Meesho.
- Growth in annualised revenue above the stated ₹36 crore run rate.
- Disclosure of transaction volume, retention, gross margin or authentication-success metrics.
- Launches in payment authorization, fraud prevention, KYC or account-recovery workflows.
- Senior departures, customer churn or signs that the former CEO retains an operating role.
Also reported by
- Inc42 · Buzz — Same time