At a post-money valuation of $80 million, Equal, a platform for data sharing and identity verification, has secured $10 million in its Series A funding round, which was led by Prosus Ventures, Tomales Bay Capital, and its creator, Keshav Reddy.

Blume Ventures (Founders Fund), DST Global, Quona VC, Gruhas VC (Nikhil Kamath), Binny Bansal (Co-founder, Flipkart), Harsh Jain (Founder, Dream11), Karan Adani (Managing Director, Adani Ports), D S Brar (Chairman, Aragen), and Kunal Shah (Founder, CRED) were among the investors who participated in the round.

The money raised will go toward expanding operations, establishing strategic alliances, and creating a transparent, safe, and integrated digital framework.

Equal, which was founded by Keshav Reddy and Rajeev Ranjan, facilitates regulatory compliance, fraud protection, and KYC for organizations by integrating easily with more than 4,000 API providers and more than 50 ID databases.

It recently made an investment in the account aggregator OneMoney. Equal is able to expand its services by integrating its primary identity verification services with safe, consent-driven financial data sharing thanks to this strategic investment. The company claims that OneMoney and Equal work together to support more than 250 customers nationwide and facilitate over 64 million monthly transactions.

It has competition from IDfy, SpringVerify, AuthBridge, Digio, and Karza, which is owned by Perfios.

Apoorve Goyal, Managing Director of India Investments at Prosus Ventures states, “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.”

Keshav Reddy, Founder, Equal says, “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.”