Equal Raises USD 10 Mn Series A Funding Led by Prosus Ventures The round was led by Prosus Ventures, Tomales Bay Capital, and Keshav Reddy himself, resulting in a post-money valuation of USD 80 million

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Rajeev Ranjan and Keshav Reddy, Equal Co-Founders

Equal, a data-sharing platform founded in 2022 by Keshav Reddy and Rajeev Ranjan, has raised USD 10 million in its Series-A funding round. The round was led by Prosus Ventures, Tomales Bay Capital, and Keshav Reddy himself, resulting in a post-money valuation of USD 80 million.

According to Reddy, the funds will be used to scale operations, forge strategic partnerships, and develop an integrated, secure, and transparent digital framework to enhance India's data-sharing ecosystem.

"Equal is at the forefront of revolutionizing identity verification and financial data sharing in India. With its strategic investment in OneMoney AA, Equal is leveraging India's unique digital public infrastructure to build a secure and scalable platform that addresses the urgent need for frictionless and consent-driven data sharing in today's digital landscape. We believe in Keshav's vision to drive financial inclusion through innovative technology, and are excited to support Equal's growth as it continues to lead this transformation," said Apoorve Goyal, Managing Director, India Investments, Prosus.

The funding round also saw participation from notable investors, including Blume, DST Global, Tomales Bay Capital, Valiant Capital, Binny Bansal, Karan Adani, Kunal Shah, Kunal Bahl, Nikhil Kamath, and Parth Jindal.

"Our vision is to serve Indians for all their needs. Our journey is rooted in the idea that secure, consent-driven data sharing can unlock new opportunities for all Indians. With this fundraise, and our partnership with OneMoney, we are committed to creating an ecosystem where every Indian and business can confidently take control of their data, fostering a more equitable and empowered digital future for India," Keshav Reddy, Founder, Equal.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Stanford Flags Key Gaps in India's AI Journey Despite Rapid Growth

In 2024, India has emerged as the second-largest contributor to AI-related GitHub projects, accounting for 19.9% of global contributions, trailing only the US (23.4 %) and ahead of Europe (19.5 %)

Starting a Business

Stop Searching for Your Purpose — It's Delaying Your Success. Here's What to Focus on Instead.

Many entrepreneurs wait to "find" their purpose before acting — but purpose isn't found; it's built.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.