Qapita raises $15 million via Series A funding round

Hyderabad: Singapore and Hyderabad-based equity management SaaS solutions provider Qapita has raised US$15 million via a Series A round that was led by East Ventures (Growth Fund) and Vulcan Capital with participation from NYCA and other existing investors including MassMutual Ventures and Endiya Partners.
The company said that several existing angel investors across India, Singapore and Indonesia including Alto Partners, partners of the Northstar Group, K3 Ventures, Mission Holdings, Avaana Capital founder Anjali Bansal and Udaan co-founder Sujeet Kumar also invested in this round.
Qapita raised US$ 7.25 million through previous funding rounds, including $5 million via a Pre Series A round in April this year.
The startup said it plans to utilise the proceeds from the latest round to expand its product offerings, workforce as well as client base across Singapore, Indonesia and India.
The startup, which was founded in September 2019 by Ravi Ravulaparthi (CEO), Lakshman Gupta (COO) and Vamsee Mohan (CTO), has grown from seven people a year ago to about 65 people across Singapore and India with plans afoot to scale up talent across India, Singapore and Indonesia in the near future, it said.
Qapita said the funding will help it add more products to its platform to provide solutions to private companies, start-ups as well as investors, shareholders and employees.
It also plans to facilitate liquidity solutions via a digital marketplace enabling transactions for companies between their investors and employee stakeholders, it added.
Pointing out that the company is present in some of the fastest growing private markets in the world, Ravi Ravulaparthi, CEO and co-founder, Qapita, said, “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.”