Hyderabad-based identity verification startup Equal has raised $10 million in its first institutional funding round, led by Prosus Ventures and Tomales Bay Capital, achieving an $80 million valuation. Founded in 2016 by Keshav Reddy and Rajeev Ranjan, Equal focuses on streamlining KYC processes and fraud prevention, integrating with 50 identity databases. The funds will be used to scale operations, establish strategic partnerships, and develop a data-sharing framework in India. Equal currently serves around 350 corporate clients and is exploring further regulated domains, including a recent acquisition of a stake in account aggregator platform OneMoney.