At a Glance
Qapita, a software-as-a-service (SaaS) startup that helps private companies handle their ESOPs and cap tables, In a round led by MassMutual Ventures, a venture capital firm based in Massachusetts, the company raised $5 million.
The other companies that participated in this funding round were Endiya Partners. Sujeet Kumar, co-founder of Udaan, and Anjali Bansal, founder of Avaana Capital, are among the other angel investors.
Most of the startup’s current angel investors, such as Koh Boon Hwee, Atin Kukreja, Alto Partners, Mission Holdings, K3 Ventures and Northstar Group Partners, were also part of this funding round. Vulcan Capital and East Ventures, who led Qapita’s seed funding in September last year, also participated.
Lakshman Gupta, 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.” He added that Qapita was interested in forming partnerships with various service providers, including law, accounting, and secretarial business firms.
Ravi Ravulaparthi, CEO of Qapita, said that the company aims to help entrepreneurs sell equity to more customers and have quicker liquidity through its cap table, ESOPs, and liquidity solutions.
He said, “This will enable them to accelerate the flywheel of reinvestment into the rapidly growing startup ecosystem in India and Southeast Asia.”
Qapita, which currently has more than 30 employees, said that the funds would be used to recruit tech expertise, boost product growth, and expand clientele in India, Indonesia, and Singapore.
Anvesh Ramineni, managing director of MassMutual Ventures, said, “Globally, we are witnessing trends that indicate a convergence between public and private markets. Qapita is enabling this in the region through their solution, from cap table and stakeholder management to digital share issuances and liquidity solutions.”
In September 2019, Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan founded Qapita, a company that helps startups and private companies in India and Southeast Asia record and manage capitalization tables and employee equity ownership plans.. The issuing of equity rewards and bonds will now be digitized.