Unlistedkart
UnlistedKart is a sub-brand of Qapita, a Singapore-based SaaS platform providing cap table management, ESOP administration, valuations, and fund administration for 2,400+ private and listed companies across 60+ countries.
- Company typePrivate
- Founded2018
- HeadquartersBengaluru, India
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Unlistedkart does
UnlistedKart is a product sub-brand of Qapita, a Singapore-headquartered (Qapita Pte. Ltd.) cloud-based equity and fund management SaaS platform serving 2,400+ companies across 60+ countries. The platform provides cap table management, ESOP administration, 409A valuations, ASC 718 financial reporting, tender offers, employee liquidity programs, and a separate fund management suite covering fund administration, LP management, capital calls, reconciliations, and ASC 820-compliant portfolio valuations. Supporting services include equity compensation advisory, IPO preparation, ESOP trust formation and trustee services, and corporate secretarial services, with a wholly owned ESOP Direct sub-brand retained for specialized ESOP advisory.
Underlying technology is a multi-tenant SaaS stack with modules for cap table modeling, scenario simulation, grant tracking, and audit-ready reporting, integrated with major HRIS (Workday, BambooHR, SAP SuccessFactors) and e-signature (DocuSign) systems. The platform holds ISO 27001 certification and GDPR compliance, and is positioned as ASC 718, ASC 820, and SEC compliant. It administers $185bn+ in equity and $28bn+ in employee equity, with 1,000+ equity plans designed and 500+ valuation reports produced per year.
The business model combines tiered annual SaaS subscriptions (separate pricing for unlisted and listed companies) with professional services revenue from advisory, valuation, IPO preparation, and trust services. GTM is sales-led with a "Book a Demo" conversion motion across enterprise, mid-market, and startup segments, supplemented by a partner referral channel through law firms, fractional CFOs, and accelerators/VCs. The company competes directly with Carta and Morgan Stanley Shareworks, positioning on transparent pricing, customer support quality, Asia-Pacific depth, and compliance breadth across 160+ countries.
Unlistedkart firmographics
Firmographics- Name
- Unlistedkart
- Legal name
- Qapita
- Website
- https://unlistedkart.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- UnlistedKart is a sub-brand of Qapita, a Singapore-based SaaS platform providing cap table management, ESOP administration, valuations, and fund administration for 2,400+ private and listed companies across 60+ countries.
- Ownership category
- akta.pro rank
Unlistedkart industry classification
Industry- Product category
- Equity Management Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Fixed Assets Accounting (Capitalization, Depreciation, Asset Register) (BPAAAGAF)
Keywords
Where Unlistedkart is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Markets served
Unlistedkart business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Equity Management Platform Subscription: SaaS subscription model for cap table management, ESOP administration, stock plan management, and valuations. Pricing is tiered by company size and needs, with transparent and predictable pricing structure.
- Fund Management Platform: Subscription-based fund administration and portfolio valuations for fund managers and investment vehicles.
- Advisory Services: Professional services including Equity Compensation Advisory, ESOP Advisory, and IPO Preparation services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Unlisted Company Pricing |
| Subscription | Annual | Listed Company Pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels9 records
Unlistedkart product offering
Product offeringCore offering
Unlistedkart is a sub-brand of Qapita providing cloud-based equity and fund management software for unlisted companies. Its core offering is a SaaS platform for cap table management, ESOP administration, 409A valuations, ASC 718 financial reporting, tender offers, and supporting services such as equity compensation advisory and IPO preparation, sold primarily via annual subscription to founders, HR teams, finance teams, and fund managers.
Product overview
Qapita operates a unified equity and fund management platform comprising two primary sub-brands: UnlistedKart and ESOP Direct. The platform offers Equity Management (including Cap Table Management, Stock Plan Management, 409A Valuations, Financial Reporting, and Tender Offers modules) and Fund Management (including Fund Administration and Fund Portfolio Valuations modules). Supporting services include Equity Compensation Advisory, IPO Preparation, ESOP Trust Formation, and Corporate Secretary services. The platform serves both unlisted and listed companies across 60+ countries.
Differentiator
Problem solved
Functional benefit
Brands
- ESOP Direct: Employee stock option plan advisory and management services - A Qapita Company
- UnlistedKart
Products and services
- UnlistedKart Sub-brand offering for unlisted companies to manage cap tables, ESOPs, and secondary transactions on the Qapita platform.
- Equity Management Platform Comprehensive equity management platform supporting cap table management, stock option administration, 409A valuations, and ASC 718 financial reporting for companies from seed stage through IPO.
- Fund Management Platform Fund management solution offering fund administration, LP management, capital calls, reconciliations, and ASC 820-compliant portfolio valuations for fund managers and investment vehicles.
- 409A Valuations Independent, audit-ready 409A valuation service providing fair market value determination of company stock with no shortcuts and auditor defense support.
- Equity Compensation Advisory Professional advisory service that helps companies design equity compensation strategies aligned with their goals and growth stage.
- Fund Portfolio Valuations ASC 820 and SEC compliant portfolio valuation reports for fund managers, with independent team defense and auditor clarification support.
- Employee Liquidity Programs Liquidity solutions enabling private companies to offer structured surrender programs and buybacks for employee equity to attract, retain, and reward talent.
- IPO Preparation Advisory services for companies preparing for an initial public offering, ensuring equity structures and processes are IPO-ready.
- ESOP Trust Formation and Trustee Services Formation and ongoing administration of ESOP trusts, including trustee services, for equity plan management.
- Corporate Secretary Services Corporate secretarial services providing compliance and governance support for companies using the equity management platform.
Quantifiable outcome
- 2400+ companies serviced globally
- +4 more outcomes
Companies that use Unlistedkart
Customer profileNamed customers24 records
Segments10 records
Ideal customer profiles4 records
Unlistedkart technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature9 records
Unlistedkart partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Law FirmscoreLaw firms partner with Qapita to provide clients with integrated equity management solutions during legal engagements involving equity compensation, fundraises, and M&A transactions.
- Fractional CFOscoreFractional CFO partners leverage Qapita's platform to deliver equity management and financial reporting services to their client portfolios.
- Accelerators and VCscoreAccelerators and venture capital firms partner to provide portfolio companies with equity management tools, enabling clean cap tables and real-time visibility across funds and cohorts.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Unlistedkart competitors and assessment
Company assessmentDirect peers
- Carta: US-based equity management and cap table platform; named by Qapita as its primary direct competitor. Carta serves private and public companies with cap table, ESOP, 409A valuations, and increasingly secondary marketplace liquidity—the same core functionality as Qapita.
- Ledgy: European equity management and cap table platform with strong multi-jurisdictional coverage; overlapping product scope and similar target customer base of European startups and scale-ups.
- Pulley: US cap table management platform focused on startups and growth-stage companies; overlapping product (cap table, 409A, equity plans) with comparable target buyer in the startup segment.
- Eqvista: Equity management platform serving US and Canadian private companies with cap table, valuations, and compliance—directly overlapping product offering and target customer profile.
- Capdesk: UK-based equity management platform serving private companies and employee shareholders; comparable functionality (cap table, valuations, employee equity portals) and audience.
- Morgan Stanley Shareworks: Equity plan administration platform from Morgan Stanley explicitly named by Qapita as a direct competitor, particularly for large enterprises and listed companies requiring deep compliance and ASC 718 reporting.
Broad incumbents
- Computershare: Global transfer agent and employee equity plan administration incumbent; competes with Qapita in listed-company and large enterprise stock plan administration through a managed-services model.
- Equiniti: Employee equity plan administration and corporate services incumbent with deep enterprise and listed-company footprint; overlaps with Qapita's Stock Plan Management and Corporate Secretary offerings.
- Global Shares (J.P. Morgan): Enterprise equity compensation platform now part of J.P. Morgan; overlapping capability with Qapita's Stock Plan Management, ASC 718, and tender offers but built for very large multinationals.
Emerging players
- AngelList (Rolling Funds / Equity): Fund management and cap-table-adjacent platform serving venture funds and their portfolio companies; comparable to Qapita's Fund Management module and a partial competitor for accelerator/VC relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Unlistedkart social profiles
Digital presenceUnlistedkart compliance and trust
Trust signalCompliance2 records
Unlistedkart financial estimates
Financial estimateRevenue estimate
Valuation estimate
Unlistedkart leadership team
Management profileNumber of profiles
Unlistedkart subsidiaries and ownership
Company hierarchySubsidiaries1 record
Unlistedkart funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Unlistedkart M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Unlistedkart
What does Unlistedkart do?
Unlistedkart is a sub-brand of Qapita providing cloud-based equity and fund management software for unlisted companies. Its core offering is a SaaS platform for cap table management, ESOP administration, 409A valuations, ASC 718 financial reporting, tender offers, and supporting services such as equity compensation advisory and IPO preparation, sold primarily via annual subscription to founders, HR teams, finance teams, and fund managers.
Is Unlistedkart a public or private company?
Unlistedkart is a private company. It is classified as unknown and is currently operating.
When was Unlistedkart founded?
Unlistedkart was founded in 2018. It employs 11 to 50 people.
Where is Unlistedkart based?
Unlistedkart is headquartered in Bengaluru, India, in the Asia region.
How does Unlistedkart make money?
Three revenue lines are on record. Equity Management Platform Subscription is the primary driver. The others are fund Management Platform and advisory Services.
Who are Unlistedkart's main competitors?
Direct peers on record are Carta, Ledgy, Pulley, Eqvista, Capdesk and Morgan Stanley Shareworks. Broad incumbents are Computershare, Equiniti and Global Shares (J.P. Morgan). AngelList (Rolling Funds / Equity) is listed as an emerging player.
Does Unlistedkart have an API?
No public API is recorded for Unlistedkart.
What industry is Unlistedkart in?
Unlistedkart's product category is Equity Management Software. Its primary akta.pro industry code is BPAAAGAF, Fixed Assets Accounting (Capitalization, Depreciation, Asset Register). Its NAICS code is 518 and its SIC code is 7370.