Qapita raises $5 million in pre-series A round

HYDERABAD: Bengaluru-based

SaaS

solutions provider, Qapita, on Tuesday announced that it has raised $5 million in a Pre-Series A round led by MassMutual Ventures.


Hyderabad-based venture capital firm

Endiya Partners

and India-based angel investors including

Avaana Capital

founder Anjali Bansal, Udaan co-founder Sujeet Kumar also invested in this round.

Qapita helps private companies and startups record and manage capitalisation tables and employee stock ownership plans (ESOPs). Qapita 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.

Ravi Ravulaparthi, CEO and co-founder of Qapita, said, “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

startup ecosystem

in India, and South-East Asia.”

The startup was founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta and Vamsee Mohan and its team has grown from six people in September 2020 to over 30 people today.

Lakshman Gupta, COO and co-founder of Qapita said, “Over the last six months, more than a 100 startups have agreed to onboard with Qapita and manage their equity ownership on our software platform.”

Sateesh Andra, MD, Endiya Partners said, “Qapita with an experienced team, customer traction, and marquee relevant investors has real potential to be a leader in the cap table, ESOP, and liquidity management space.”