# EQUAL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/equal

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Uijeongbu, South Korea
- Website: www.e-qual.kr/
- Total disclosed funding: $0.6M
- Latest round: Seed (Jun 1, 2021)
- Investors on record: 2

## About

EQUAL specializes in innovative mobility solutions aimed at enhancing operational efficiency and safety for gig economy workers, including rideshare drivers and delivery personnel.Founded in 2020 and headquartered in Uijeongbu, South Korea, EQUAL focuses on providing mobility solutions for platform workers. The company has successfully completed 4 deals, with the most recent funding round being a Seed round in June 2021, where they raised KRW 700 million. The firm is led by CEO Ashok Sharma and was founded by Aradhana Sharma.EQUAL delivers a comprehensive suite of tools and services designed to enhance the operational efficiency and safety of gig workers. Their offerings address critical issues like income instability and communication gaps between workers and clients. EQUAL's technology enables users to optimize work schedules while targeting individual gig workers and platform companies across North America and parts of Europe.EQUAL operates on a revenue model that combines subscription-based services with direct transactions. Users access the platform through a tiered subscription plan, allowing for various levels of features and support. The transaction structure includes direct payments for services rendered, which facilitate seamless integration with users. Their flagship offerings include advanced analytics and real-time support, aimed at maximizing user earnings while minimizing downtime.Following a Seed funding round in June 2021, where EQUAL raised KRW 700 million from FuturePlay and Korea Tech Incubator for Startup, the company plans to utilize this funding to develop mass production capabilities in the second half of the following year. EQUAL aims to expand its market reach into additional regions, focusing on enhancing their product offerings and exploring new geographic markets with specific plans yet to be detailed.

## Funding rounds

- Seed, Jun 1, 2021, $0.6M — FuturePlay, Korea Tech Incubator for Startup

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed