SAWO Labs, a Mumbai- based SaaS-powered one-tap authentication service, has raised Rs 5.5 crore closing its seed funding round. The round was led by StartupXseed, thereby increasing the startup’s valuation to Rs 28 crore. SAWO Labs was one of the nine pre-seed stage startups that 100x.VC invested in September 2020 as a part of its Class 02 Portfolio. The startup also plans to utilise the funds to further strengthen its product portfolio and developing next-gen OTP-less and password-less tools based out of India.
StartupXseed invests Rs 5.5 Cr in password-less authentication startup SAWO Labs
Date posted: Thursday 3 December 2020