PE-VC Fund Investments
Cap table management platform Qapita raises $26.5-M in Series B led by Charles Schwab
Hyderabad- and Singapore-based equity management platform Qapita has raised USD 26.5 million in a Series B round led by USA-based brokerage firm Charles Schwab. The round also saw participation from Qapita's existing investors Citi and MassMutual Ventures.Founded in 2019 by Ravi Ravulaparthi with Lakshman Gupta and Vamsee Mohan, Qapita helps private companies track ownership, manage employee equity, and facilitate secondary share sales. The startup serves private and public companies across India, Southeast Asia and the USA.The new funds will help the startup enhance its platform by launching a fund admin product across multiple markets. As part of the deal, Charles Schwab has introduced a new platform called Schwab Private Issuer Equity Services powered by Qapita, which lets US startups manage their cap tables, administer stock plans, and prepare for public listings.
Between Sep 2020 and Oct 2021, Qapita had attracted about USD 22 M from East Ventures, Endiya Partners, MassMutual Ventures, NYCA Partners, Vulcan Capital and others.For FY24, Qapita had reported about INR 61 Cr in Operating Income and about INR 7 Cr in PAT.
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