Identity verification startup Idfy raises $27 million in primary, secondary funding

Mumbai-based identity verification and digital onboarding platform IDfy has raised $27 million (about Rs 224 crore), in a mix of primary and secondary funding, from Elev8 Venture Partners along with its limited partners and affiliates.

Elev8 Venture Partners is a maiden growth stage fund of South Korea’s KB Investment, which also participated in the round along with Tenacity Ventures.