Qapita Fintech, a Singapore-based digital management software startup has successfully raised US$1.8 million in seed investment. The seed round was led by Vulcan Capital with lto Partners Multi Family Office, Atin Kukreja (CEO of Rippledot Capital), Koh Boon Hwee, K3 Ventures, KDV Holdings, Mission Holdings and several Northstar Group Partners, including Patrick Walujo also patronizing.
The startup plans to invest the fresh funds in strengthening and building a formidable team, enhance product development and enlarge its client base.
Founded by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan in 2019, Qapita was formed to correct the inefficiencies in private market ownership and transactions.
Qapita was founded in 2019 by Ravi Ravulaparthi (CEO), Lakshman Gupta (COO), and Vamsee Mohan (CTO) — who recognised the inefficiencies in private market ownership and transactions, coupled with the need to digitally disrupt this sector.
CEO Ravulaparthi said: “We launched the company seeing the opportunity to tap into the rapid growth of startups, angel investments and employee ownership in Southeast Asia and India. Having worked alongside multiple founders and startups during their fundraising journeys, we recognised the huge gaps that exist in digitising ownership records.”
“If records are systematically digitised today, then transactions can be digitised in the future. We also believe the platform will encourage more employee equity ownership in startups. The ESOP value proposition should be as simple as a pay slip,” he continued.
Tommy Teo of Vulcan Capital said: “The Qapita platform will empower all equity stakeholders to digitally manage their holdings in this region, where each country has its own unique regulatory landscape. With high growth companies remaining private for longer, we believe digital equity management and liquidity solutions to be a multi-billion dollar opportunity.”