India, Feb. 13 -- Online identity verification platform IDfy has raised Rs.476 Cr (about $52.5 Mn) in its Series F funding round in a mix of primary and secondary components. The round was led by Neo Asset Management, with participation from existing backers Blume Ventures, Analog Capital, Elev8, IndiaMART, and Kae Capital.

The startup, in a statement, said the funding will be used for strategic acquisitions, entry into new international markets, and strengthening its product suite.

Without disclosing the names of investors taking exit via secondary transaction, cofounder and CEO Ashok Hariharan said, "This secondary component provides an exit for our early backers and team members who believed in our vision when trust infrastructure wa...