Equal, a cutting-edge data-sharing and identity verification startup, has raised $10 million in its Series A funding round. Prosus Ventures led the round, joined by prominent investors including Tomales Bay Capital and Equal’s founder, Keshav Reddy. The investment, which values the company at $80 million post-funding, underscores the rising importance of secure digital identity solutions in a rapidly digitizing economy.
A diverse group of backers participated in this round, further validating Equal’s potential to transform identity verification and regulatory compliance. Key participants included Blume Ventures (Founders Fund), DST Global, Quona VC, Gruhas VC (led by Nikhil Kamath), and notable tech entrepreneurs such as Flipkart co-founder Binny Bansal, Dream11 founder Harsh Jain, Adani Ports MD Karan Adani, Aragen Chairman D S Brar, and CRED founder Kunal Shah.
The fresh capital will drive Equal’s expansion plans, enabling it to enhance its operational capabilities, strengthen strategic partnerships, and advance its technology. Equal aims to develop a secure, integrated, and transparent framework for digital identity management that addresses the growing need for robust Know Your Customer (KYC) processes, fraud prevention, and compliance with regulatory standards.
Founded by Keshav Reddy and Rajeev Ranjan, Equal streamlines identity verification and compliance by connecting with over 50 ID databases and integrating with more than 4,000 API providers. The company’s solutions enable businesses to easily meet regulatory requirements while ensuring user data is protected.
Recently, Equal strategically invested in OneMoney, an account aggregator specializing in consent-driven financial data sharing. This investment allows Equal to combine OneMoney’s secure data-sharing services with its identity verification capabilities, providing a more comprehensive solution for its clients. Together, Equal and OneMoney facilitate over 64 million transactions monthly, serving more than 250 clients nationwide.
Equal’s solutions place it among leading competitors such as IDfy, SpringVerify, AuthBridge, Digio, and Perfios-owned Karza, in a market that is rapidly evolving due to increased demand for secure digital identity frameworks. With its new funding, Equal is well-positioned to expand its influence and set new benchmarks for data-driven identity verification in India and beyond.
