Qapita, provider of ESOP and CapTable Management SaaS solutions serving customers in India and Southeast Asia, with an office in India, announced that it raised US$ 5 million. Hyderabad based venture capital firm Endiya Partners and reputed India based angel investors.
The firm helps private companies and startups record and manage capitalisation tables and employee stock ownership plans (ESOPs). It also aims to digitise issuance of equity awards and shares. 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, Qapita said, “Over the last six months, more than a hundred startups have agreed to onboard 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 and company secretarial firms and we will grow together by collaborating.”
Speaking on this investment, Anvesh Ramineni, Managing Director, 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. We believe the team has the right combination of experience, understanding of regional markets and product expertise to deliver on their vision. We are very excited to partner with Qapita and look forward to working with them as they build a category leading company in Asia.”
