Equal AI, the artificial intelligence (AI) call assistant app founded by Keshav Reddy, scion of the airports-to-life sciences GVK Group, has raised $30 million in a Series B round co-led by Prosus Ventures and Tomales Bay Capital.
The round also saw participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and Zubin Bharti Mittal, among others.
The lead investors had also co-led the company's $10 million Series A in November 2024, along with Reddy.
The founder, son of GVK Group vice chairman Sanjay Reddy, has transitioned from managing physical assets to building digital platforms.
Launched in October 2025, Equal AI screens spam calls, identifies caller intent and takes actions on behalf of users. The company said it has over one million monthly active users and 350,000 daily active users.
The fresh funds will be used to deepen its call assistant capabilities and expand into adjacent areas, including communications, financial services, lifestyle, and concierge services. The company aims to become India's AI assistant for everyday needs across the country's near-billion smartphone users.
Equal AI itself was founded in 2022 as a data-sharing and identity infrastructure company, serving over 350 enterprise customers across the banking, insurance, and telecom sectors, before pivoting to consumer AI last year.
