Qapita, a Singapore based equity management SaaS platform, raised USD 15 million in a Series A funding round co-led by East Ventures (Growth Fund) and Vulcan Capital on 6 October 2021.
Investors: East Ventures (Growth Fund) and Vulcan Capital co-led the latest round of funding with participation from NYCA. In addition, existing investors, including MassMutual Ventures, Endiya Partners, Alto Partners, Partners of the Northstar Group, K3 Ventures, Mission Holdings, Anjali Bansal, Founder of Avaana Capital and Sujeet Kumar, CoFounder of Udaan, also contributed to this round.
The Objectives behind the funding: The company plans to deploy the current proceeds to add more products to its platform that will provide solutions for private companies and startups and investors, shareholders, and employees. In addition, the startup also plans to facilitate liquidity solutions via a digital marketplace empowering transactions for companies between their investors and employee stakeholders. The company aims to expand its client base across Singapore, Indonesia and India.
About Qapita
Founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta and Vamsee Mohan, Qapita is a digital equity management platform for private companies, particularly startups. QapMap is designed to enable capitalisation table (CapTable) management, employee stock ownership plan (ESOP) management and digital ESOP issuance to eventually promote digital share issuance for companies across South and Southeast Asia.
What the Founder has to say:
Ravi Ravulaparthi, CEO and Co-founder of Qapita, mentioned, “We are in some of the fastest-growing private markets in the world. It is an incredible time to build an operating system and transaction rails for private company ownership in this region. This is about leveraging tech to enhance transparency, access, efficiency and liquidity in private markets. Team Qapita is full of gratitude to our investors, partners and well-wishers in joining us on this quest.”
What the Investors have to say:
Willson Cuaca, Co-Founder and Managing Partner of East Ventures, commented, “East Ventures is excited to double down its investment in Qapita to build an operating system for private markets in this region. This platform can become the connective tissue between private companies, their employees, shareholders and investors on all equity-related matters. The start-up ecosystem in Indonesia and the broader region is growing at a rapid pace. We are happy to accelerate the mission of Team Qapita in capturing this opportunity, starting with the support of our seed fund and continuing with the growth fund.”
According to Sateesh Andra, Managing Director at Endiya Partners, “India and the entire South-East Asia region already have a very vibrant startup ecosystem that is going to grow exponentially in the next few years with large capital inflows. Ravi, Lakshman and Vamsee are mission-focused as a team. Endiya Partners firmly believes Qapita, with their comprehensive liquidity solution suite for private, high-growth companies, will be the platform of choice.”
There is a surge in the number of startups offering ESOPs to employees. However, this trend is still not as popular as in the US, where most startups provide it across the board. It helps startups to conserve cash while keeping employees motivated and reducing employee turnover.
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