When was Idfy founded?

Idfy was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Where is Idfy located?

Idfy is headquartered in Mumbai, India. It is registered at 8th Floor, Skyline Icon, Andheri Kurla Road, Chimatpada, Marol, Andheri East, Mumbai City, Mumbai, Maharashtra, India, 400059.

Who is the current CEO of Idfy?

Ashok Hariharan of Idfy. They are also an angel investors in 1 startup.

Which legal entities is Idfy associated with?

Idfy is associated with BALDOR TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Idfy have?

As of Aug 31, 2025, the latest employee count at Idfy is 697.

Is Idfy a funded company?

Idfy is a funded company, having raised a total of $62.7M across 12 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 29, 2012.

How much is Idfy worth?

The latest valuation of Idfy is ₹***** as of Mar 06, 2026.

When was the latest funding round of Idfy?

Idfy's latest funding was a $***** Series F round on Feb 13, 2026, with participation from 7 investors.

What is the annual revenue of Idfy?

Annual revenue of Idfy is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Idfy rank among its competitors?

Idfy ranks 1st amongst 219 active competitors, of which 53 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Equal, which secured $30M in Jun, 2026.

Who are the top competitors of Idfy?

Idfy's top competitors include M2P Fintech, Jumio and Riskified. Among them, Equal secured the most recent funding round in June, 2026.

Idfy - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of a platform for identity verification and risk management. The platform offers tools for customer and workforce governance throughout their lifecycle. It focuses on frictionless onboarding, verifiable identities, and faster revenue generation. The platform aims to reduce onboarding friction, prevent fraud, and accelerate time-to-revenue. It helps detect and mitigate risk in real time, reducing financial and operational losses. The platform also transforms compliance into a growth engine through centralized automation.

Website: idfy.com
Email ID: *****@idfy.com
Phone Number: +91 **********
Registered Address: 8th Floor, Skyline Icon, Andheri Kurla Road, Chimatpada, Marol, Andheri East, Mumbai City, Mumbai, Maharashtra, India, 400059

Key Metrics

Founded Year

2011

Location

Mumbai, India

Stage

Series F

Total Funding

$62.7M in 12 rounds

Latest Funding Round

Series F, Feb 13, 2026, $*****

Post Money Valuation

₹***** as on Mar 06, 2026

Investors

Blume Venture & 41 more

Ranked

1^st among 219 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

697 as on Aug 31, 2025

Similar Companies

IDnow & 1756 more

View Idfy's full profile

Idfy is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BALDOR TECHNOLOGIES PRIVATE LIMITED CIN: U74900MH2011PTC291275 , India, Active	May 31, 2011	₹100 - ₹500 Cr (As on Mar 31, 2025)	707 (As on May 01, 2026)
BALDOR TECHNOLOGIES ACCOUNT AGGREGATOR SERVICES PRIVATE LIMITED CIN: U72900MH2022PTC390812 , India, Active	Sep 20, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	-

Idfy has raised a total funding of $62.7M over 12 rounds. Its first funding round was on Mar 29, 2012. Its latest funding round was a Series F round on Feb 13, 2026 for $*****. 7 investors participated in its latest round. Idfy has 22 institutional investors and 20 angel investors.

Here is the list of recent funding rounds of Idfy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 13, 2026	1805946	Series F	3628297	1248246	2009186	2584223
May 30, 2024	5984741	Series E	3460415	5049234	4538754	6969740
Mar 06, 2024	5002724	Series E	3225131	8658132	Elev8	KB Investment & 1 more

Access funding benchmarks and valuations. Sign up today!

View details of Idfy's funding rounds and investors

The founders of Idfy are Hatim Baheranwala, Wriju Ray and Narayanswamy Hariharan. Ashok Hariharan is the CEO of Idfy.

Here are the details of Idfy's key team members:

Hatim Baheranwala: Former Co-Founder of Idfy.
Wriju Ray: Co-Founder & CBO of Idfy.
Contact Info: 1 email address
Narayanswamy Hariharan: Co-Founder of Idfy.
Ashok Hariharan: Co-Founder & CEO of Idfy and founder of 2 other companies, Oneid and Checkwala. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number

Idfy's Board of Directors

Idfy's board has 8 active members. Navin Kotrappa Honagudi, Karthik Reddy Bezawada, Mayur Kapur, Rohit Razdan, Ashish Jaiprakash Shastry, Ashok Hariharan and Vineet Jawa are part of team and Vivek Trilokinath is independent board member.

Here is the list of Idfy's board of directors:

Name	Type	Representing	Status	Duration
Ashok Hariharan	Team	-	Current	15y 2m
Vineet Jawa	Team	-	Current	15y 2m
Navin Kotrappa Honagudi	Investor	-	Current	2y 2m
Rohit Razdan	Investor	-	Current	2y 2m
tmtbplk	Investor	kfwggok	Current	6y 1m
yqnaczf	Investor	nmqbosz	Past	8y 9m
vlrajnl	Investor	-	Past	6y 3m
Vivek Trilokinath	Independent board member	-	Current	7y 10m

View details of Idfy's Founder profiles and Board Members

Idfy's employee count trend

Idfy has 697 employees as of Aug 25. The total employee count is 34.0% more than what it was in Aug 24. Here is Idfy's employee count trend over the years:

Uncover Idfy's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Idfy include M2P Fintech, Jumio and Riskified. Here is the list of Top 10 competitors of Idfy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Idfy 2011, Mumbai (India), Series F	Provider of a platform for identity verification and risk management	$62.7M	New Enterprise Associates, Trifecta Capital ... & 40 others	75/100
2nd	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 63 others	74/100
3rd	Jumio 2010, Sunnyvale (United States), Acquired	Provider of AI-powered identity verification solutions	$196M	Great Hill Partners, Millennium Technology Value Partners ... & 10 others	73/100
4th	Riskified 2013, New York City (United States), Public	AI-based payment fraud prevention solutions for e-commerce solution	$232M	Genesis Partners, Founder Collective & 21 others	73/100
5th	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Viola Group, Giza Venture Capital & 3 others	70/100
6th	Cashfree Payments 2015, Bengaluru (India), Series C	Provider of payment gateway and payouts, and identity verification services	$100M	SBI, Apis Partners & 15 others	69/100
7th	Digio 2016, Bengaluru (India), Seed	Provider of digital solutions for KYC, document management, and digital signatures	$11.9M	Rainmatter, Groww & 3 others	69/100
8th	Equal 2022, Hyderabad (India), Series B	Operator of a platform providing data sharing and verification services	$42M	Prosus, Tomales Bay Capital & 37 others	69/100
9th	HyperVerge 2014, Bengaluru (India), Seed	Provider of end-to-end KYC software and identity verification solutions	$1M	New Enterprise Associates, Milliways Ventures ... & 5 others	68/100
10th	Setu 2018, Bengaluru (India), Acquired	Provider of APIs and platforms for data, KYC, and payments	$18.5M	Lightspeed Venture Partners, Falcon Edge Capital ... & 5 others	67/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Idfy's competitors? Click here to see the top ones

Founders own 16.56%, Funds (largest shareholder) own 46.81%, Enterprises own 22.55% and Angels own 4.05%. The net worth of Idfy's founders is INR 401Cr as of Mar 06, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	16.56%	401Cr	3640094	8121771	1052403	1057453
Fund	46.81%	1,130Cr	1764658	7709553	9855495	5058206
Millenna FVCI III	8911198	1732237	9291156	7066503	3166294	1177667
Neo Asset Management	5834	6221	7725	8177	9330	8549
Elev8	9768	2393	6309	3250	3610	9635
KB Investment	4	2	5	5	3	4
Blume Venture	0	0	0	0	0	0
New Enterprise Associates	0	0	0	0	0	0
Enterprise	22.55%	546Cr	4093415	6703303	5345597	4690899
Angel	4.05%	98.1Cr	8357	9374	3132	2442
Narayanswamy Hariharan	0	0	0	0	0	0
Other People	0.52%	12.5Cr	0	0	0	0
ESOP Pool	9.51%	230Cr	8059849	8822971	6731696	9071231
Total	100.00%	2,420Cr	4560729	2999389	7537251	7414059