ID-sharing platform Equal, founded by Keshav Reddy, a scion of the GVK Group family, has made a strategic investment in India’s account aggregator OneMoney, for an undisclosed amount. Separately, AI platform Convin has raised $6.5 million in a Series A round led by India Quotient.
GVK scion Keshav Reddy’s Equal invests in One Money
ID-sharing platform Equal, founded by Keshav Reddy, a member of the GVK Group family, has made a strategic investment into India’s account aggregator OneMoney, for an undisclosed price.
“This partnership will allow OneMoney and Equal to innovate responsibly for the BFSI sector and create solutions that are rooted in consent-first, privacy-focused financial data sharing, governance and analysis,” Reddy said in a statement.
Reddy is the son of Pinky and GV Sanjay Reddy, vice chairman of the GVK Group.
OneMoney and Equal jointly enable over 55 million monthly transactions for over 250 BFSI clients nationally.
Convin snags $6.5m
AI platform Convin has raised $6.5 million in a Series A round of funding led by India Quotient. Convin is an AI-backed contact centre software that uses conversation intelligence to record, transcribe, and analyse customer conversations.
The round also saw participation from JSW Ventures, a new investor in the company, and existing investors Kalaari Capital, Titan Capital Winners Fund, Sparrow Capital, and 9Unicorns. The firm plans to use the funds to expand its core team and distribution channels.