Equal, a Hyderabad-based identity verification startup, has successfully raised $10 million in a Series A funding round led by Prosus Ventures and Tomales Bay Capital, achieving a valuation of $80 million. The investment will be utilized to scale operations, forge strategic partnerships, and enhance its data-sharing framework, aimed primarily at improving Know Your Customer (KYC) processes and preventing fraud for over 350 clients. Founded by Keshav Reddy and Rajeev Ranjan in 2022, Equal integrates with over 50 identity databases to facilitate secure data sharing. Additionally, the startup has partnered with account aggregator OneMoney to enhance its offerings, enabling consent-driven financial data sharing. This funding round also attracted notable investors including Nikhil Kamath and Binny Bansal, highlighting the growing interest in the fintech sector. Equal is exploring expansion into consumer services and aims to deepen its regulatory presence in India.