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Equal AI

Identity Verification (Fintech Infrastructure)Hyderabad, Telangana, India

Equal is an Indian identity and data-sharing infrastructure company. It provides consent-based identity verification, background checks and KYC services, aggregating government and private data sources into a single verification layer for financial services and enterprise clients.

1StartupFox story
2022Founded
Identity Verification(Fintech Infrastructure)Sector
Jun 2026Latest coverage

Funding

Equal AI has raised $40M across 2 disclosed rounds, most recently a Series B in Jun 2026.

$40MRaised
Series BLatest round · Jun 2026
$80MValuation · post-money
2Events
Chart appears once 1 more funding round is recorded — below that a chart shows less than the table does.
Jun 2026Series B$30MProsus Ventures & Tomales Bay Capital (co-leads), Think Investments, Valiant Fund, Sameer Nigam, Zubin Bharti Mittal, Sandhya DevanathanStartupFox ↗
2024Series A$10MProsus Ventures & Tomales Bay Capital (co-leads), Blume Ventures, DST Global, Quona, Gruhas, Binny Bansal, Kunal Shah, Karan Adani $80M post-moneyStartupFox ↗

Investor roster

Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.

Latest leadProsus Ventures & Tomales Bay Capital (co-leads)2 rounds · since 2024
Sameer Nigam1 round · 2026
Sandhya Devanathan1 round · 2026
Think Investments1 round · 2026
Valiant Fund1 round · 2026
Zubin Bharti Mittal1 round · 2026
Binny Bansal1 round · 2024
Blume Ventures1 round · 2024
DST Global1 round · 2024
Gruhas1 round · 2024
Karan Adani1 round · 2024
Kunal Shah1 round · 2024
Quona1 round · 2024
Aggregated automatically from the disclosed rounds above.

Leadership

The Equal AI journey

2022 · founded
Founded in Hyderabad by Rajeev Ranjan, Keshav Reddy.
2024 · funding
Series A — $10M at $80M post-money, led by Prosus Ventures & Tomales Bay Capital (co-leads).
Jun 2026 · funding
Series B — $30M, led by Prosus Ventures & Tomales Bay Capital (co-leads).
Jun 2026 · milestone
Crosses 1M monthly active users within eight months of consumer launch; B2B layer processes 1B+ KYC transactions annually for 350+ clients.

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Frequently Asked

What is Equal AI?

Equal is an Indian identity and data-sharing infrastructure company. It provides consent-based identity verification, background checks and KYC services, aggregating government and private data sources into a single verification layer for financial services and enterprise clients.

Who founded Equal AI?

Equal AI is associated with Rajeev Ranjan, Keshav Reddy.

How much funding has Equal AI raised?

Equal AI has raised $40M across 2 disclosed rounds. The most recent was a $30M Series B in Jun 2026.

Who are Equal AI's investors?

Disclosed investors in Equal AI include Prosus Ventures & Tomales Bay Capital (co-leads), Think Investments, Valiant Fund, Sameer Nigam, Zubin Bharti Mittal, Sandhya Devanathan, Blume Ventures, DST Global, Quona, Gruhas, Binny Bansal, Kunal Shah.

What is Equal AI's valuation?

Equal AI was last reported at $80M post-money, at the time of its Series A in 2024.

What is the latest news on Equal AI?

The most recent StartupFox coverage is “Equal AI Raises $30 Million in Series B Led by Prosus Ventures and Tomales Bay Capital to Scale Native Call Screening” (12 June 2026). All stories are listed on this page.