Equity management platform Qapita on Tuesday announced that it has secured a partnership with Citi to accelerate its platform for private company marketplace. Qapita plans to facilitate liquidity solutions via a digital marketplace enabling transactions for companies between investors and employee stakeholders.
Citi had joined the company in its recent Series A round of $15 million co-led by East Ventures (Growth Fund) and Vulcan Capital.
Value of private securities
Endiya Partners-backed Qapita pegged the value of private securities in this region to cross $1-1.5 trillion (with 200-250 unicorns) in the next few years and that scalable digital solutions will be critical for such an ecosystem to thrive. Its equity management software solves pain points relating to HR (ESOP), finance and fundraising for private companies, investors, shareholders and employees. Qapita’s marketplace will enable secondary transactions for these stakeholders. Qapita estimates that more than $150 billion of equity will need liquidity solutions.
Ravi Ravulaparthi, CEO and Co-founder of Qapita, said, “Our quest is to build a unified platform that addresses all matters relating to equity for a private company. The private market in this part of the world is set to be $1-1.5 trillion in value. This market needs an operating system and transaction rails to make it transparent, accessible and efficient. This partnership with Citi will help us accelerate this mission. We look forward to more such partnerships with ecosystem players.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.