When was Equal founded?

Equal was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Where is Equal located?

Equal is headquartered in Hyderabad, India. It is registered at Equal HQ 3rd Floor Tower 40 The Loft, Nexity Hyderabad Knowledge city Layout Raidurgam Village Serilingampally Mandal, Cyberabad, Hyderabad, Shaikpet, Telangana, India, 500081.

Which legal entities is Equal associated with?

Equal is associated with EQUAL IDENTITY PRIVATE LIMITED.

How many employees does Equal have?

As of Aug 31, 2025, Equal has 63 employees, reflecting a 26% year-over-year growth in headcount.

Is Equal a funded company?

Equal is a funded company, having raised a total of $42M across 3 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on May 31, 2024.

How much is Equal worth?

The latest valuation of Equal is $***** as of Aug 13, 2025. This marks a decline of 5% from its peak valuation of $80M in May, 2024. This marks a decline of 5% from its peak valuation of $80M in May, 2024.

When was the latest funding round of Equal?

Equal's latest funding was a $***** Series B round on Jun 12, 2026, with participation from 9 investors. Its primary sector is GRC Software. In India, the GRC Software sector has seen $83.4M in funding in 2026 to date.

What is the annual revenue of Equal?

Annual revenue of Equal is less than ₹10 Cr as on Mar 31, 2025

Where does Equal rank among its competitors?

Equal ranks 10th amongst 1233 active competitors, of which 195 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Idfy, which secured $23M in Jun, 2026.

Who are the top competitors of Equal?

Equal's top competitors include IDnow, M2P Fintech and Jumio. Among them, Idfy secured the most recent funding round in June, 2026.

Equal - 2026 Company Profile, Team, Funding, Competitors & Financials

Equal is a series B company based in Hyderabad (India), founded in 2022 by Rajeev Ranjan and Keshav Reddy. It operates as an Operator of a platform providing data sharing and verification services. Equal has raised $42M in funding from investors like Tomales Bay Capital, Prosus and Blume Venture, with a current valuation of $*****. The company has 1233 active competitors, including 195 funded and 118 that have exited. Its top competitors include companies like IDnow, M2P Fintech and Jumio.

Company Details

Operator of a platform providing data sharing and verification services. The platform offers financial analytics, employment verification, and identity verification. It facilitates custom workflows and consumer data solutions. The platform supports various use cases, including financial services and enterprise solutions. It also provides resources such as a newsletter and information on trust and security.

Website: equal.in
Email ID: *****@equal.in
Registered Address: Equal HQ 3rd Floor Tower 40 The Loft, Nexity Hyderabad Knowledge city Layout Raidurgam Village Serilingampally Mandal, Cyberabad, Hyderabad, Shaikpet, Telangana, India, 500081

Key Metrics

Founded Year

2022

Location

Hyderabad, India

Stage

Series B

Total Funding

$42M in 3 rounds

Latest Funding Round

Series B, Jun 12, 2026, $*****

Post Money Valuation

$***** as on Aug 13, 2025

Investors

Tomales Bay Capital & 38 more

Ranked

10^th among 1233 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

63 as on Aug 31, 2025

Investment & Acquisitions

OneMoney

Similar Companies

Digio & 426 more

View Equal's full profile

Equal is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
EQUAL IDENTITY PRIVATE LIMITED CIN: U72900TG2022PTC158639 , India, Active	Jan 07, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	71 (As on May 01, 2026)

Equal has raised a total funding of $42M over 3 rounds. Its first funding round was on May 31, 2024. Its latest funding round was a Series B round on Jun 12, 2026 for $*****. 9 investors participated in its latest round. Equal has 15 institutional investors and 24 angel investors.

Here is the list of recent funding rounds of Equal:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 12, 2026	2789588	Series B	2431681	5747148	3927529	9186248
Sep 18, 2024	6850302	Series A	2711267	6024250	4687431	Nikhil Kamath & 23 more
May 31, 2024	9041579	Angel	9069041	2406599	Mala Paropkari	6196921

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View details of Equal's funding rounds and investors

The founders of Equal are Rajeev Ranjan and Keshav Reddy.

Here are the details of Equal's key team members:

Rajeev Ranjan: Co-Founder of Equal and founder of 1 other company. They are also an angel investor in 7 startups and serve on the boards of 2 companies.
Contact Info: 1 phone number
Keshav Reddy: Founder of Equal. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Equal's Board of Directors

Equal's board has 6 active members. Rajeev Ranjan and Keshav Reddy are part of team and Ajay Prakash Sawhney, Anand Sarveshwar Sinha, Rakesh Mohan and Atluri Krishna Prasad are independent board members.

Here is the list of Equal's board of directors:

Name	Type	Representing	Status	Duration
Rajeev Ranjan	Team	-	Current	4y 4m
Keshav Reddy	Team	-	Current	4y 8m
Ajay Prakash Sawhney	Independent board member	-	Current	2y 1m
iboepgp	Independent board member	-	Current	3y 6m
lgidkpx	Independent board member	-	Current	2y 5m
zziprlq	Independent board member	-	Current	8y 2m

View details of Equal's Founder profiles and Board Members

Equal's employee count trend

Equal has 63 employees as of Aug 25. The total employee count is 26.0% more than what it was in Aug 24. Here is Equal's employee count trend over the years:

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Top competitors of Equal include IDnow, M2P Fintech and Jumio. Here is the list of Top 10 competitors of Equal, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IDnow 2010, Munich (Germany), Acquired	Provider of automated and expert-led identity verification and digital trust services	$40M	Seventure Partners, BayBG Venture Capital ... & 40 others	75/100
2nd	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 63 others	74/100
3rd	Jumio 2010, Sunnyvale (United States), Acquired	Provider of AI-powered identity verification solutions	$201M	Millennium Technology Value Partners, Great Hill Partners ... & 10 others	73/100
4th	Digio 2016, Bengaluru (India), Seed	Provider of digital solutions for KYC, document management, and digital signatures	$11.9M	Rainmatter, Groww & 3 others	72/100
5th	Idfy 2011, Mumbai (India), Series F	Provider of a platform for identity verification and risk management	$85.4M	Blume Venture, New Enterprise Associates ... & 41 others	71/100
6th	Yoti 2014, London (United Kingdom), Series B	Provider of privacy-focused identity and age solutions	$210M	HSBC, Nex.D & 12 others	71/100
7th	Fenergo 2009, Dublin (Ireland), Acquired	Cloud based KYC and AML management software	$181M	Ergo, Abn Amro & 26 others	70/100
8th	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Giza Venture Capital, FTV Capital & 3 others	70/100
9th	Advance 2016, Singapore (Singapore), Series D	Provider of digital identity verification	$330M	SoftBank Vision Fund, Farallon Capital Management ... & 14 others	69/100
10th	Equal 2022, Hyderabad (India), Series B	Operator of a platform providing data sharing and verification services	$42M	Prosus, Valiant Capital Management & 37 others	69/100

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Founders (largest shareholder) own 47.78%, Funds own 7.70%, Enterprises own 0.42% and Angels own 2.06%. The net worth of Equal's founders is INR 320Cr as of Aug 13, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	47.78%	320Cr	3362013	6582610	5869514	8725742
Keshav Reddy	2048860	3564895	1101405	9180407	8139499	9329022
Rajeev Ranjan	39026	36286	89313	52368	23098	59842
Fund	7.70%	51.5Cr	5201066	5340096	6558707	8276558
Tomales Bay Capital	74	66	46	68	51	54
Prosus	16	10	64	72	26	86
Blume Venture	0	0	0	0	0	0
Enterprise	0.42%	2.8Cr	0	0	0	0
Angel	2.06%	13.8Cr	78	20	80	77
Mala Paropkari	0	0	0	0	0	0
Other People	37.42%	250Cr	8407437	5014366	1725777	8548646
ESOP Pool	4.62%	30.9Cr	5555	6436	3734	6938
Total	100.00%	669Cr	9283184	5734385	5983374	6982971