Equal AI secures $30 million Series B to expand AI call assistant in

Equal AI, the Indian AI call‑assistant app founded by Keshav Reddy, announced a $30 million Series B funding round co‑led by Prosus Ventures and Tomales Bay Capital [1]. The capital will be used to deepen its call‑screening technology and push the product into adjacent services such as finance, lifestyle and concierge features.

Key takeaways

• Series B round of $30 M led by Prosus Ventures and Tomales Bay Capital [1]
• Over 1 million monthly active users and 350,000 daily active users as of launch [2]
• Funding brings total capital raised to more than $42 M [2]
• Product screens unknown calls, displays caller intent and lets users reply via AI‑generated messages [2]
• Expansion plans include iOS version, paid subscription tier and broader language support [2]

Funding boost and product growth

Equal AI launched its AI call‑assistant in October 2025, positioning itself as a consumer‑facing alternative to existing call‑screening tools like Truecaller and the government’s CNAP system [2]. The app currently runs on Android and automatically screens unknown calls, identifies the caller’s purpose, and offers quick‑reply options such as “Leave the delivery near the door” [2]. Users can also type custom messages for the AI to read aloud, and the app stores recordings and transcriptions for later review [2].

The new Series B round, structured in three tranches with varying valuations, adds $30 M to the $10 M Series A that Prosus Ventures and Tomales Bay Capital co‑led in November 2024 [1][2]. Participation also came from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, Zubin Bharti Mittal of the Airtel family office, Skyflow AI co‑founder Anshu Sharma, Meta’s Sandhya Devanathan, and CtrlS Datacenters chairman Sridhar Pinnapureddy [2][3]. The company now reports total funding of over $42 M [2].

Beyond call screening, Equal AI plans to enable proactive actions—such as texting a delivery address with user consent or making outbound appointment calls—and to roll out an iOS version and a subscription tier with additional features [2]. The startup also highlights its multilingual capability, supporting more than ten Indian languages to handle code‑mixed speech patterns common in the market [2].

Why it matters

India’s near‑billion smartphone user base faces a flood of spam and service calls daily, creating a clear demand for automated screening and response tools [2]. By combining speech recognition, automatic speech generation, and a custom orchestration layer, Equal AI aims to become a “single, intelligent layer” on every Indian phone, extending beyond calls into broader concierge and financial services [3]. The funding underscores investor confidence in localized AI solutions and positions Equal AI against global competitors from Google, , and emerging privacy‑focused startups [2].