Signzy lands Rs 24 crore from Stellaris, others

NEW DELHI: Signzy, which provides digital onboarding solution for financial institutions, has secured Rs 24 crore from a clutch of investors led by Stellaris Venture Partners and Kalaari Capital to fuel its expansion plans.

Angels including Rajan Anandan from Google, Dilip Khandwelwal from SAP Labs India, and Amrish Rau from PayU India also participated in the funding round.

Signzy had raised $600,000 (about Rs 4 crore) in May in a funding round led by Kstart, Kalaari Capital’s seed initiative programme.

The company will use the funds to broaden its product portfolio, strengthen its technology stack and expand overseas, Ankit Ratan, chief executive of Bengaluru-based Signzy, told ET.


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