Data Vantage | Qapita, Xcelerate, Capillary Tech, Multiplier and Green COP post updates

Edition #350, 27 February 2024

Share As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans.

Dear Reader,

Digital equity management platform Qapita received [redacted] million 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.

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 [redacted] 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 [redacted]% 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.

Executives at top investment, financial services firms and businesses use DATA VANTAGE to make smarter investment decisions in Asia. (See how)

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 [redacted] 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 [redacted] 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.

As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans. Anticipate Asia’s Rising Stars and Secure Lucrative Exits

Explore DATA VANTAGE (formerly Professional Plan), an indispensable part of an analyst’s Swiss Army Knife.

To keep pace with today’s constantly evolving markets, data must be smarter, deeper, and instantly accessible. DATA VANTAGE is our smart, continuously updated research & analytics platform featuring:

• Key financials, fundraising data, and shareholding information for over 3,000 Asian venture-backed companies registered in Singapore and Indonesia
• Up to 3 new research reports per month
• Monthly and quarterly data on private funding in SE Asia, India, and Greater China
• Twice-weekly DATA VANTAGE premium newsletter
• Alerts for monitoring companies and sectors
• 50% discount on tickets to our flagship summit
• Full access to DealStreetAsia’s premium stories and archives

Combine editorial insights with robust data & research. Gain a competitive edge in the ever-changing private capital investment landscape.

>> Curious? Read More About DATA VANTAGE << © DEALSTREETASIA 2014–2024.