A digital equity management platform for private companies. Qapita has raised $5 million in funding round led by MassMutual Ventures.
Hyderabad-based Endiya Partners, a venture capital firm along with angel investors – Udaan co-founder Sujeet Kumar and Anjali Bansal – Avaana Capital founder, among others also participated in the fresh financing round.
The round also saw participation from existing investors East Ventures, Vulcan Capital, Mission Holdings, Koh Boon Hwee, Northstar Group Partners, Alto Partners, Atin Kukreja and K3 Ventures.
“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. We are looking to partner with various service providers including law, accounting and company secretarial firms,” founder Lakshman Gupta said.
Qapita was founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan. Its platform — QapMap, is designed to enable capitalisation 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 has its India office in Hyderabad.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.