About Equal
Equal is an Industrial Goods & Manufacturing company based in Hyderabad (India) founded in 2022 by Rajeev Ranjan and Keshav Reddy. Provider of identity verification workflows and APIs. It operates in the Industrial Goods & Manufacturing, Financial Services, and Technology sectors. Equal has raised $40.39 million across 4 funding rounds from investors including Prosus, Quona and Gruhas. Its website equal.in draws about 32 thousand monthly visits. Its Indian entity Equal Identity Private Limited reported revenue of ₹4.30 Cr. Equal offers products and services including ID Verification Workflows, Personalised ID Verification APIs, and Connect Login. Its focus areas include Enterprise Infrastructure, Cybersecurity, Anti Fraud and Identity Theft.
Company details
Equal was founded in 2022 in Hyderabad, India, as a provider of identity verification solutions. Services include consumer onboarding, KYC checks, digital logins, and employee background verification, with integration to multiple identity providers. Custom workflows and automated processes are supported, alongside fraud detection and consent management for compliance. The platform serves sectors such as banking, finance, and healthcare, with documentation and API libraries available for integration.
- Headquarters Hyderabad, India
- Founders Rajeev Ranjan, Keshav Reddy
- SectorsIndustrial Goods & ManufacturingFinancial Services Technology
- Website equal.in
- Social LinkedIn X Instagram
- Legal Name Equal Identity Private Limited
- Date of Incorporation 07 Jan, 2022
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹4.30 Cr
FY 2025 · +72% YoY
- Net Loss-₹19.31 Cr
FY 2025 · -449% margin
- EBITDA-₹18.89 Cr
FY 2025 · -440% margin
- Total Equity Funding$40.39M (USD)
in 4 rounds
- Latest Funding Round$30M (USD), Series B
Jun 2026
- InvestorsProsus
& 33 more
Associated legal entities of Equal
Equal operates through Equal Identity Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Equal Identity Private Limited CIN U72900TG2022PTC158639 | Active | 07 Jan 2022 | Hyderabad, Telangana | ₹4.3 Cr | 30 | 6 | View details |
Products & Services of Equal
Equal offers a comprehensive portfolio of products and services, including ID Verification Workflows, Personalised ID Verification APIs, and Connect Login.
Platform for custom workflows in ID verification processes
APIs for tailored identity checks and fraud prevention
System for secure consumer login and profile management
Funding Insights of Equal
Equal has successfully raised a total of $40.39M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40.39M
- Total Rounds 4
- Last Round Series B — $30M
- First Round $170,800
(May 2024)
- Investors Count 34
All 4 funding rounds of Equal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $30M | Series B | – | Prosus, Tomales Bay Capital | |
| Aug 2025 | $185,663 | Angel Round | – | – | – |
| Sep 2024 | $10.04M | Series A | – | Tomales Bay Capital, Blume Ventures | |
| May 2024 | $170,800 | Angel Round | – | Mala Paropkari | – |
34 investors in total: 15 institutional and 19 angel.
Investors in Equal
Equal has secured backing from 34 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Prosus, Quona and Gruhas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are targeted for venture capital investments. | tomalesbaycapital.com | San Francisco, United States | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Venture capital investment firm | dst-global.com | Menlo Park, United States | ||
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | ||
Venture capital firm investing in technology-driven innovations and partnerships in India. | 2021 | gruhas.com | Bengaluru, India | |
Venture capital investments are directed toward multiple sectors. | Ebene City, Mauritius | |||
Venture capital firm focused on startups | ||||
Venture capital funding is provided to innovative startups in India. | Mumbai, India |
Investor details for Equal
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Equal Identity Private Limited (Equal)
Equal Identity Private Limited is the primary company behind Equal. The board of Equal Identity Private Limited currently have 6 directors; the longest-serving is Keshav Gunupati Venkat Reddy, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Keshav Gunupati Venkat Reddy DIN 06593325 | Managing Director | 07 Jan 2022 | 4 yrs 10 mo | Equal Identity Private Limited |
| Rajeev Ranjan DIN 09527564 | Director | 04 May 2022 | 4 yrs 6 mo | Equal Identity Private Limited |
| Ajay Prakash Sawhney DIN 03359323 | Director | 16 Aug 2024 | 2 yrs 2 mo | Equal Identity Private Limited |
| Anand Sarveshwar Sinha DIN 00682433 | Director | 22 Aug 2024 | 2 yrs 2 mo | Equal Identity Private Limited |
| Atluri Krishna Prasad DIN 03186877 | Director | 22 Aug 2024 | 2 yrs 2 mo | Equal Identity Private Limited |
| Rakesh Mohan DIN 02790744 | Director | 18 Sep 2024 | 2 yrs 1 mo | Equal Identity Private Limited |
People of Equal
2 people are tracked at Equal (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Founder | Leadership |
Complete people profiles for Equal
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Verified entity values are shown only after access is granted.
Financials of Equal
Figures of Equal Identity Private Limited, the primary company behind Equal, for FY 2025. Revenue was ₹4.30 Cr (+72% year on year). Net loss was -₹19.31 Cr (-449% margin). EBITDA was -₹18.89 Cr (-440% margin).
- ₹4.30 CrRevenue · FY 2025 · +72% YoY
- -₹19.31 CrNet loss · -449% margin
- -₹18.89 CrEBITDA · -440% margin
- ₹2.28 CrPaid-up capital
- 30Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Equal Identity Private Limited are on its company page.
Detailed financial statements for Equal
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Equal
3 dated milestones of Equal across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Equal is founded.
- Funding First funding round of $171K.
- Funding Latest funding round, Series B, of $30.0M.
Web traffic of Equal
The website of Equal (equal.in) receives about 31.9K visits a month.
- Monthly visits31.9K
▼ 26.9% vs previous month
Websites whose visitors overlap most with Equal. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| authbridge.com | 100% | 230.8K | #155,519 | View details | |
| kychub.com | 60% | 49.2K | #608,303 | View details | |
| thekyb.com | 60% | 680.7K | #1,562,608 | View details |
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Related news about Equal
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Articles about Equal on our blog
Frequently Asked Questions about Equal
Equal was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Equal is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Equal is a funded company, having raised a total of $40.39M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $170.8K, raised on May 2024.
The primary company behind Equal, Equal Identity Private Limited, reported revenue of ₹4.30 Cr for FY 2025, up 72% year on year.
Equal was founded in 2022 in Hyderabad, India, as a provider of identity verification solutions. Services include consumer onboarding, KYC checks, digital logins, and employee background verification, with integration to multiple identity providers. Custom workflows and automated processes are supported, alongside fraud detection and consent management for compliance. The platform serves sectors such as banking, finance, and healthcare, with documentation and API libraries available for integration.
Equal offers ID Verification Workflows, Personalised ID Verification APIs, and Connect Login.
Equal has 34 investors. Key investors include Prosus, Quona, Gruhas, WeeTech Solution, and Tomales Bay Capital.
Equal operates through Equal Identity Private Limited.
The legal entities of Equal currently have 6 directors, including Keshav Gunupati Venkat Reddy, Rajeev Ranjan, Rakesh Mohan and others.