Hyderabad-based ID verification startup Equal raised $10 million in its first institutional funding round led by Prosus Ventures to streamline KYC processes and prevent fraud.
Amount Raised
$10 Million
Round Type
Funding Round
HyderabadSoftwareArtificial IntelligenceMachine LearningInvestors
Description
Equal has secured $10 million in its first institutional fundraising led by Prosus Ventures, achieving a valuation of $80 million. The funds will be used to scale operations, build strategic partnerships, and enhance the data-sharing ecosystem in India.
Quick answer
Equal raised $10 Million in a Funding Round round, dated November 10, 2024. Investors: Kunal Shah, Karan Adani, Binny Bansal, Parth Jindal, Prosus Ventures, Tomales Bay Capital, Blume Ventures and DST Global. Equal is based in Hyderabad, Telangana, India.
- How much did Equal raise?
- Equal raised $10 Million in a Funding Round round on November 10, 2024.
- Who invested in Equal?
- Kunal Shah, Karan Adani, Binny Bansal, Parth Jindal, Prosus Ventures, Tomales Bay Capital, Blume Ventures and DST Global are named as investors in this round.
- What does Equal do?
- Equal is an identity verification startup based in Hyderabad, founded in 2016 by Keshav Reddy and Rajeev Ranjan.
- Where is Equal based and how big is it?
- Equal is based in Hyderabad, Telangana, India.
- Who are the decision-makers at Equal?
- Fundz holds 2 contacts at Equal, including the Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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