September 8, 2021

Qapita Raises $5 Million Pre-Series A Round

Qapita provider of ESOP and CapTable Management SasS Solution raises USD 5 Million in Pre-Series A. Lead investor MassMutual Ventures joins India-based Endiya Partners and new institutional investors, including reputed India-based angel investors.

  • Pre-Series A fundraise also includes participation from existing institutions Vulcan Capital and East Ventures
  • The funds raised will be channelled to enhance the team, accelerate product development and build clientele in India, Indonesia and Singapore
  • This new funding comes soon after its successful Seed Round fundraise in September 2020

Qapita, a provider of ESOP and CapTable Management SaaS solutions serving customers in India and Southeast Asia, with an office in India (Hyderabad), today announced that it raised a USD5 million Pre-Series A round led by MassMutual Ventures. Hyderabad-based venture capital firm, Endiya Partners and reputed India-based angel investors including Anjali Bansal (Founder of Avaana Capital), Sujeet Kumar (Co-Founder of Udaan) and CEO of an India-based decacorn also invested in this round.

Qapita helps private companies and start-ups 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) and K3 ventures also participated in this round.

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.

Qapita says 100 start-ups have onboarded their platform

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 start-ups 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 start-ups 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 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. 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.”

Ravi Ravulaparthi, CEO and Co-Founder of Qapita, said, “We are grateful to have like-minded investor partners and this is a strong endorsement of the team we are building beyond just the Founders. Wealth creation happens substantially through equity in the start-up ecosystem. Through our Cap Table, ESOP and Liquidity solutions, we want to enable founders not only to offer equity to more stakeholders (including employees) but also provide faster liquidity. This will enable them to accelerate the flywheel of reinvestment into the rapidly growing start-up ecosystem in India, and Southeast Asia.”

“India and Southeast Asia already have a very vibrant start-up ecosystem, expected to grow exponentially in the next few years with large capital inflows. Qapita with a stellar, experienced team, customer traction, and marquee relevant investors has real potential to be a leader in the Cap Table, ESOP, and Liquidity Management space. Endiya is a launchpad for great product start-ups and our association with Qapita is the beginning of an inspiring journey which we are stoked about!”, said Sateesh Andra, Managing Director, Endiya Partners.

---

About Qapita: Qapita Fintech Pte Ltd (Qapita) is a Singapore-headquartered (with offices in India) fintech and legal-tech start-up. Qapita provides digital equity management tools for private companies, particularly start-ups. Its software platform is designed to enable capitalization table management, employee stock ownership plan (ESOP) management, and digital ESOP issuance with the aim of eventually enabling digital share issuance for companies across the region. Qapita’s vision is to build a network of stakeholders and digitally enable the private capital markets with its software. The firm is founded by three experienced Co-Founders, each with over twenty years of experience in investment banking, corporate venture capital and technology sectors.

About Endiya Partners: Endiya Partners is an early-stage venture capital fund that invests in IP-led Indian product start-ups that are globally relevant. Leveraging deep domain expertise along with vast entrepreneurial and operating experience, the Endiya team plays a key role in co-creating scalable businesses. Endiya’s portfolio consists of disruptive and category-defining companies across Digital Transformation and Healthcare sectors. The Fund also leverages the teams’ relationships and global presence with an appropriate set of VCs/strategic investors in Silicon Valley/SE Asia for its portfolio companies’ business development and exits. Founded in 2015, Endiya Partners has $100M under management.

About MassMutual Ventures: MassMutual Ventures (MMV) is a multistage global venture capital firm investing in enterprise software, cybersecurity, financial technology, and digital health companies. With deep expertise and an extensive Fortune 500 network, MMV helps entrepreneurs build compelling and scalable companies of value. MMV has offices in Boston and Singapore, with $450 million under management across five funds. The US-based team invests across North America, Europe, and Israel, while the Singapore-based team invests across Southeast Asia, Hong Kong, India, Australia, and New Zealand.

More in the news