With Rs 2.5 crore funding, Zerodha signs its name in Digio backers' list

BENGALURU: Online discount firm Zerodha has invested Rs 2.5 crore through its in-house incubator and fund Rainmatter in financial technology digital signature enabling platform.

Nithin Kamath, founder of Zerodha, said the funds invested in the startup will be used for hiring purposes and for operational activities over the next 12-14 months.

Digio claims to be the first startup to roll out a one of its kind document e-signing platform built atop Aadhar, which enables Indian businesses and consumers to gain access to digital signatures for documents.

“There is no requirement for the businesses to obtain any licences or maintain any hardware or software. They can simply get onto the platform and for a starting service fee of Rs 500 a month the business can get up to 35 documents signed within half an hour,“ said Sanket Nayak, cofounder of Digio.

Nayak said whether it is for consent, identity management, medi um for data and document collection in a legally compliant manner, there should be a mechanism for data and information exchange between “a data requestor and a data furnisher“.

The product, launched in July, is available for use on web and Android devices, and also offers a plug-and-play eSign gateway to small and medium enterprises to power their applications for online signing of application forms, agreements and identification documents.