Nithin Kamath, founder of Zerodha, said the funds invested will be used for hiring purposes and for operational activities over the next 12-14 months.
Launched in July 2016, the e-signing platform was founded by Sanket Nayak and Abhinav Parashar. Digio claims to be the first document e-signing platform built atop Aadhar, which enables Indian businesses and consumers to gain access to digital signatures for documents. According to their website, they are bringing paperless, hassle-free documentation to Indian consumers and businesses.
Sanket Nayak, co-founder of Digio said, “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 INR 500 a month the business can get up to 35 documents signed within half an hour.”
“Whether it is for consent, identity management, medium 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”, he added.
Digio also offers a plug-and-play e-sign gateway to small and medium enterprises (SME’s) to power their applications for online signing of application forms, agreements and identification documents.