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Equal AI

Category: AI Agents

India's #1 AI call assistant that screens unknown calls, provides context on who is calling and why, and handles calls on the user's behalf. Equal AI was founded in 2022. The company is led by Keshav Reddy. Based in Hyderabad, Telangana, India. Team size: 101-500. Total funding raised: $42M. Latest round: Series B. Key investors include Prosus Ventures, Tomales Bay Capital, Think Investments, Valiant Fund, Blume Ventures, DST Global Partners, Quona VC, Gruhas VC (Nikhil Kamath), Binny Bansal, Kunal Shah, Kunal Bahl, Karan Adani.

Founded
2022
Headquarters
Hyderabad, Telangana, India
Team size
101-500
Total funding
$42M

Value proposition

Equal AI answers unknown calls for users, identifies the caller and purpose, provides live transcription and summaries, and lets users respond via text-to-speech — eliminating phone anxiety and spam/scam calls while ensuring important calls are never missed.

Products and solutions

Equal AI Call Assistant (Android app) — screens unknown calls, displays caller purpose, offers quick reply options, records and transcribes calls, Equal Identity Platform (B2B) — data sharing, identity verification, KYC, employment verification, financial analytics serving 350+ enterprise customers

Unique value

India-first AI call assistant built for local linguistic realities (10+ languages, code-mixed speech support); goes beyond caller ID to provide context on WHY someone is calling; live conversational AI that can take action on user's behalf; platform-independent (not dependent on WhatsApp or messaging platforms).

Target customer

Indian consumers (Android users initially) who receive high volumes of unknown calls — from spam/scam to delivery, financial services, and job-related calls.

Industries served

Consumer AI (call screening), BFSI (KYC, identity verification, financial data sharing), Enterprise (employee verification), Fintech

Technology advantage

Mix of speech recognition, automatic speech recognition (ASR), and speech generation models with proprietary orchestration layer; supports 10+ Indian languages and code-mixed speech; built as standalone app avoiding platform dependency (unlike WhatsApp-based AI bots); milestone-based tranched funding structure for capital efficiency.

How they differentiate

Unlike Truecaller (caller ID only) and Google/Apple (OS-integrated screening), Equal AI provides full conversational AI that picks up, speaks to callers, determines purpose, and takes action — built specifically for India's multilingual, code-mixed speech patterns with 10+ language support.

Main competitors

Truecaller (AI assistant features), Google (Pixel Call Screen), Apple (iOS Call Screening), Cloaked (US-based, a16z-backed)

Key partnerships

OneMoney (account aggregator platform, strategic investment), 50+ ID databases and 4,000+ API providers for identity verification, World Economic Forum (selected as Top 100 Tech Pioneer 2025)

Notable customers

50 of India's top 200 companies (Equal Identity platform), 250+ BFSI clients, OneMoney (account aggregator partnership)

Major milestones

2022: Company founded, 2024 (Aug): Strategic investment in OneMoney account aggregator, 2024 (Nov): $10M Series A at $80M valuation led by Prosus Ventures, 2025 (Jun): Named to World Economic Forum's Top 100 Tech Pioneers, 2025 (Oct): Launched Equal AI call assistant on Android, 2026 (Jun): Crossed 1M MAU and 350K DAU, raised $30M Series B (tranched) led by Prosus Ventures and Tomales Bay Capital

Growth metrics

1M+ Monthly Active Users; 350K+ Daily Active Users (as of June 2026); launched October 2025; 350+ enterprise customers (Equal Identity platform); 1.2B+ yearly transactions on data sharing platform; 95M+ unique Indian users on data platform

Market positioning

India's first dedicated AI call assistant app; positioned as the most locally-aware solution for India's unique call spam/scam epidemic; expanding from call screening to broader AI concierge services (financial services, lifestyle, communications).

Geographic focus

India (primary); potential expansion to other multilingual markets

About Keshav Reddy

University of Michigan (Bachelors); MIT MBA. Board member at Reddy Ventures (GVK Family Office), led investments in 30+ tech companies. Previously worked in airports and infrastructure at GVK Group.

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