Hyderabad: AI call assistant platform Equal AI, founded by GVK Group scion Keshav Reddy, has raised US$30 million (Rs 287 crore) in a Series B funding round co-led by Prosus Ventures and Tomales Bay Capital. The Indian consumer artificial intelligence company aims to expand its call-based assistant into a broader everyday services platform.
The funding, which will be disbursed in tranches, also saw participation from Think Investments, Valiant VC, PhonePe founder Sameer Nigam, Zubin Bharti Mittal of the Airtel family office, Skyflow co-founder Anshu Sharma, Meta India and Southeast Asia Vice President Sandhya Devanathan, and CtrlS Datacenters chairman Sridhar Pinnapureddy.
Prosus and Tomales Bay earlier co-led Equal’s US$10 million Series A in November 2024. Equal, founded in 2022 by GVK Group scion Keshav Reddy, started as a consent-driven identity and data-sharing infrastructure provider for enterprises. The platform now serves more than 350 customers across banking, lending, insurance, telecom, and digital platforms, processes more than 1 billion transactions annually, and has powered 101 million users to date.
Equal launched Equal AI in October 2025 as an AI call assistant designed to screen spam, identify caller intent, and take actions for users. The product has crossed 1 million monthly active users and 350,000 daily active users in less than eight months, the company said.
Reddy stated that the new capital would help deepen call assistant capabilities and support expansion into communications, financial services, shopping, lifestyle, and concierge use cases.
Prosus Ventures executive Thiago Viana called Equal “category-defining,” while Tomales Bay founder Iqbaljit Kahlon said it could become Indians’ digital interaction layer at scale nationwide.
