On Tuesday a Software as a service (Saas) startup Qapita raised $5 Million as part of its Pre-Series A round led by MassMutual Ventures, The fresh funds will be invested to develop better product, best talent hiring, build more clients in India, Indonesia and Singapore.
Angel investors Sujeet Kumar, co-founder of Udaan and Anjali Bansal, founder of Avaana Capital along with Endiya Partners also invested in the company in this round.
Lakshman Gupta, Chief Operating Officer and Co-founder of Qapita said ” In last six months more than hundred startups have agreed to register with Qapita and manage their equity ownership on our software platform. New technological features will help in reaching pain points of not only startup companies and investors but that of all stakeholders in the ecosystem”.
Brief of what Qapita do:
Qapita helps small and big private companies and startups to manage their capitalisation tables (cap tables) and employee stock ownership plans (ESOPs), while digitising issuance of equity awards and shares.
Anvesh Ramineni, managing director of MassMutual Ventures said “Qapita is enabling this in the region through their solution – from cap table and stakeholder management to digital share issuances and liquidity solutions. We believe the team has the right combination of experience, understanding of regional markets and product expertise to deliver on their vision ”.