Qapita Bags $26.5 Mn To Offer Equity & Fund Management Solutions

SUMMARY

Equity management startup Qapita raised capital in its Series B round led by US-based Charles Schwab Corporation with participation from Citi and MassMutual Ventures

The startup will deploy the capital to accelerate its expansion into the US, introduce new digital products, and scale up its fund administration platform for multiple markets

It also claims to facilitate secondary transactions and liquidity programmes, and is expanding into fund administration services for VC & PE firms and family offices

Equity management startup Qapita has raised $26.5 Mn (around INR 235.28 Cr) in its Series B round led by US-based Charles Schwab Corporation. The funding round also saw participation from existing and new investors, including Citi and MassMutual Ventures.

The startup will deploy the capital to accelerate its expansion into the US, introduce new digital products, and scale up its fund administration platform for multiple markets.

Qapita said it will also collaborate with Charles Schwab Corporation to offer equity services via its platform. The collaboration will offer Schwab Private Issuer Equity Services powered by Qapita – a platform designed for US private companies to streamline cap table management, optimise stock plan administration, and facilitate smooth public market transition.

Founded in 2019 by Ravi Ravulaparthi, Lakshman Gupta and Vamsee Mohan, Qapita provides SaaS solutions for managing equity for private markets, including services such as cap table management, ESOP administration, and digitisation of secondary transactions. It partners with enterprises to help them with stake ownership and fund management solutions.

It also claims to facilitate secondary transactions and liquidity programmes, and is expanding into fund administration services for VC & PE firms and family offices.

Qapita has offices in India, Singapore, Indonesia, and the US. It claims to have served more than 2,400 companies across 60 countries. Prior to this funding round, Qapita raised $10 Mn from Analog Partners.

In 2022, Qapita acquired Pune-based ESOP Direct in an all-cash deal to expand its equity-based compensation services such as ESOP plan conceptualisation, ESOP plan administration and its compliance.

Qapita competes with the likes of EquityList and Rulezero.

India’s equity management software market was valued at $53.34 Mn in FY24 and is projected to reach $199.56 Mn by FY32, driven by increased digital adoption, fintech startups, and evolving compliance needs.