Digital equity management platform Qapita received a fresh capital injection from investors, including Cercano Management, MassMutual Ventures Southeast Asia and East Ventures, last week.
The Software-as-a-Service (SaaS) company’s share price is up over 28% from its previous financing in 2021.
Founded by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, India- and Singapore-based Qapita offers an eponymous software solution that streamlines the equity management process around cap tables, ESOPs, and transactions, as well as a marketplace for structured buyback programmes and secondary transactions.
The company acquired India-based UnlistedKart, a marketplace for investors to access unlisted shares/pre-IPO equities, last year. It had earlier bought ESOP Direct, an India-based ESOP advisory and managed services solutions provider, in 2022.
Top shareholders in Qapita
Singapore-based operating and investment platform Xcelerate received $25.66 million from investment firms Federated Hermes, Exacta Capital Partners, Altair Capital and other investors last week. Madhujeet Chimni, the startup’s founder, invested $2 million in the round and also bought secondaries from other shareholders last week, according to the company’s regulatory filings.
Investors participating in the latest round paid a 59% premium over the startup’s share price in 2023.
Xcelerate plans to use proceeds from the financing for strategic acquisitions and investments in its operations, team and technology.
Other updates from DATA VANTAGE
Indian SaaS company Capillary Technologies, which offers loyalty management and customer engagement solutions, bagged $1.5 million from two investors last week.
Telstra Ventures has bought shares in Singapore-based employment platform Multiplier from its three co-founders, Sagar Khatri, Amritpal Singh and Vamsi Krishna, per regulatory filings.
Singapore-based sustainable fuel solutions startup Green COP received S$100k ($74.4k) from investors, including Ken Energy, last week as part of a recently announced round.
Malaysia-based earned wage access service provider Paywatch received $430k from a South Korean investor last week, bringing its ongoing round total to nearly $13 million.
Philippines-based online-to-offline (O2O) parenting platform edamama more than doubled its revenue in the financial year ended September 30, 2022. This revenue growth came at the expense of its bottom line as it went back into the red.
Raffles Venture Partners-backed travel tech startup BeMyGuest grew its revenue 5.5x in the 12 months ended February 28, 2023. It reported a net profit of $1 million during the period.
Blockchain-based gaming startup Lysto‘s revenue more than quadrupled in the financial year ended March 31, 2023. Its net loss grew at a faster pace of nearly 5x during the period.