Qapita, provider equity management SaaS solutions serving customers in India and Southeast Asia, today announced that it raised a $5 million Pre-Series A round led by MassMutual Ventures. Hyderabad-based venture capital firm Endiya Partners and India-based angel investors including Anjali Bansal (Founder of Avaana Capital), Sujeet Kumar (CoFounder of Udaan) and CEO of an India-based decacorn also invested in this round.
Qapita helps private companies and startups record and manage capitalisation tables (cap tables) and employee stock ownership plans (ESOPs). Qapita also aims to digitise issuance of equity awards and shares.
The Pre-Series A fundraise follows closely on the heels of its