In India, consumers receive a lot of calls every day, ranging from spam and scams to delivery people and financial service companies trying to contact them. There are apps like Truecaller and the government’s Calling Name Presentation (CNAP) system to identify who is calling, but knowing the name of the caller is often not enough. That is why Equal AI is creating an assistant that can receive calls on your behalf, gather information, and tell you why someone is calling.
The app is currently available on Android, and since its launch last year, it has grown to more than a million monthly active users and over 300,000 daily active users, it says. The app screens the call and displays the reason someone is calling you.
The dialer shows quick reply options like “Leave the delivery near the door” or “Give it to the neighbor,” and the AI reads them back to the caller. You can also type a custom message for the AI to read out. The app records the call, and users can see the recording and transcription history with a summary in the app.
Image Credits: Equal AIImage Credits:Equal AI
Equal AI said today it has raised $30 million in Series B funding led by Prosus Ventures and Tomales Bay Capital with participation from Think Investments and Valiant Fund. Individual investors include Indian fintech PhonePe’s founder Sameer Nigam, Zubin Bharti Mittal from Airtel Family Office, Skyflow AI co-founder Anshu Sharma, Meta India and Southeast Asia’s VP Sandhya Devanathan, and CtrlS Datacenters’ Chairman Sridhar Pinnapureddy. With the new funding, the company has raised over $42 million to date.
The round is structured in three tranches, with the startup carrying a different valuation at each stage depending on whether it hits predetermined targets — a growing but still uncommon approach in which startups sell equity at different prices within the same round. The structure has an unusual quirk: it lets a startup advertise the highest valuation achieved, even if the bulk of the equity was sold at a lower one. Equal AI declined to provide its specific valuations.
The startup was f …