Data sharing platform Equal on Monday said it has raised $10 million in its Series A round led by Prosus Ventures, Tomales Bay Capital and its founder Keshav Reddy at a post-money valuation of $80 million. The company said it will use the fresh capital to expand operations, create strategic partnerships and develop a digital framework to improve India’s data sharing ecosystem.

Other investors also participated in the new round, including Blume Ventures (Founders Fund), DST Global, Quona VC, Gruhas VC (Nikhil Kamath), Binny Bansal (Co-Founder, Flipkart), Harsh Jain (Founder, Dream11), Karan Adani (CEO, Adani Ports), DS Brar (President, Aragen), Kunal Shah (Founder, CRED), Kunal Bahl (Co-Founder, Titanium Capital), Rohit Bansal (Co-Founder, Titan Capital), Parth Jindal (Managing Director, JSW Cements), Ranu Vohra (Co-Founder, Avendus Capital), Shashin Shah (CEO, Think Investments), Galina Chifina (Head of Asia, RTP Global), Ravish Naresh (Founder, Khatabook), Ravi Kumar and Kavitha Subramanian (Co-Founders, Upstox).

Speaking about the investment, Apoorve Goyal, Managing Director, India Investments, Prosus said the company is at the forefront of revolutionizing identity verification and financial data sharing in India.

Neelakantha Bhanu’s Fastest Human Computer Learning Math Startup Bhanzu Raises $16.5M in Funding

Space startup GalaxEye raises $10M from MountTech, Infosys and others to launch satellite in 2025

“AI will create more jobs by increasing productivity”

Titan increases efficiency with AI, GenAI in manufacturing, retail

“Through its strategic investment in OneMoney AA, Equal is leveraging India’s unique public digital infrastructure to build a secure and scalable platform that addresses the urgent need for frictionless and consent-based data sharing in today’s digital landscape,” said Goyal .

Founded by Keshav Reddy and Rajeev Ranjan, Equal helps companies streamline KYC, fraud prevention and regulatory compliance by integrating with over 50 identity databases and over 4,000 API providers. It recently invested in account aggregator OneMoney, allowing Equal to enhance its offerings by combining consent-based financial data sharing with its core identity verification services.

OneMoney and Equal together enable more than 64 million monthly transactions and serve more than 250 customers nationwide, achieving a industry-highest 97% success rate in KYC processing, the company said in a statement.

“With this fundraising and our partnership with OneMoney, we are committed to creating an ecosystem where every Indian and every business can confidently take control of their data, driving a fairer and more empowered digital future for India,” said Keshav Reddy, Founder, Equal. .