Qapita raises $5 mn in Pre Series A round led by MassMutual Ventures

21/04/2021

Mumbai, apr 20: Qapita, provider equity management SaaS solutions serving customers in India and Southeast Asia, today announced that it raised a $5 million Pre-Series A round led by MassMutual Ventures.
Hyderabad-based venture capital firm Endiya Partners and India-based angel investors including Anjali Bansal (Founder of Avaana Capital), Sujeet Kumar (CoFounder of Udaan) and CEO of an India-based decacorn also invested in this round.
Qapita helps private companies and startups record and manage capitalisation tables (cap tables) and employee stock ownership plans (ESOPs). Qapita also aims to digitise issuance of equity awards and shares. The Pre-Series A fundraise follows closely on the heels of its Seed Round led by Vulcan Capital and East Ventures in September 2020. Apart from Vulcan Capital and East Ventures, most existing angel investors including Koh Boon Hwee, Atin Kukreja, Alto Partners, Mission Holdings, Northstar Group Partners (Patrick Walujo) & K3 ventures also participated in this round. This fresh funding will be used to add engineering talent, accelerate product development and build clientele in India, Indonesia and Singapore. Lakshman Gupta, COO and Co-Founder of Qapita said, “Over the last six months, more than a hundred startups have agreed to onboard with Qapita and manage their equity ownership on our software platform.
New features will help us address pain points of not only startups and investors but that of all stakeholders in the ecosystem. We are looking to partner with various service providers including law, accounting & company secretarial firms and we will grow together by collaborating.”
Qapita was founded in September 2019 by a team of experienced professionals - each with over twenty years of experience in investment banking, corporate venture capital and technology sectors.
Ravi Ravulaparthi (CEO), Lakshman Gupta (COO) and Vamsee Mohan (CTO) identified an opportunity to use systems and software to aid equity and ESOP management in private capital markets across the region.
Over the last year, Qapita has built its team to include senior talent from industries like investment banking, venture capital and ESOP management. The team has grown from six people in September 2020 to over 30 people today, spread across various geographies in this region.

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