Citi invests in Qapita

Citi invests in Qapita
© Provided by The Times of India Hyderabad: Singapore-based fintech startup Qapita, that earlier announced its Series A round of $15 million funding co-led by East Ventures and Vulcan Capital, on Tuesday said that Citi too has joined the Series A round. Commenting on the development, Ravi Ravulaparthi, CEO and cofounder, 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 $1.0 -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.” In fact, Hyderabad-based venture capital firm Endiya Partners and India-based angel investors including Avaana Capital founder Anjali Bansal, Udaan co-founder Sujeet Kumar had invested $5 million in a Pre-Series A round led by MassMutual Ventures in April this year.

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