"Qapita began as a platform to manage cap tables after Ravulaparthi, during his earlier banking career, noticed that many companies still relied on spreadsheets. When the startup launched in January 2021, it expanded the platform based on early customer feedback to include an equity management tool for employee stock plans, initially released in beta. Competitor Carta later entered the Indian market but exited in 2023, giving Qapita room to strengthen its position."
"The startup currently has about 2,700 companies using its platform, it says. Roughly 70% are based in India and 20% in Southeast Asia, including Singapore and Indonesia. Qapita counts around half of India's unicorns among its customers, Ravulaparthi said in an interview. While Qapita offers free access to its platform for early-stage companies, about half of its users - roughly 1,400 firms - pay for at least one of its services, Ravulaparthi told TechCrunch."
Qapita raised $26.5 million in a Series B led by Charles Schwab, which launched Schwab Private Issuer Equity Services powered by Qapita to help U.S. startups manage cap tables, administer stock plans, and prepare for public listings. Founded in 2019 by Ravi Ravulaparthi with Lakshman Gupta and Vamsee Mohan, Qapita provides cap table management, employee equity administration, and secondary share-sale facilitation. The platform serves about 2,700 companies, roughly 70% in India and 20% in Southeast Asia, and offers free access for early-stage companies while about 1,400 firms pay for services. Product expansion followed customer feedback and Carta's exit from India strengthened market position.
Read at TechCrunch
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