AngelList India, Others Invest $2.2 Mn In EquityList


EquityList, a shareholder management platform, which was spun off from Naval Ravikant-founded AngelList’s India entity in January, has raised USD 2.2 million in its seed funding round from AngelList India, Hustle Fund, Unpopular Ventures, private investing platform Republic and other startup investment platforms.

Moreover, the round also saw participation from angel investors including Livspace co-founder Ramakant Sharma, Cars24 co-founder Gajendra Jangid, Sairee Chahal of Sheroes and Five Star Finance CEO Rangarajan Krishnan.

The software-as-a-service (SaaS) company serves customers such as Blackbuck, Sugar Cosmetics, Slice, Shiprocket, Smallcase and Cars24. It has a presence in India, Southeast Asia and the USA.

According to the company, it intends to increase the size of its team from 11 to cater more efficiently to its existing customer base. Additionally, it aims to expand into new geographies such as West Asia and North Africa.

EquityList is a platform for managing equity ownership in startups. It competes with other similar companies like Trica and Qapita. EquityList offers free services to smaller startups and charges as they grow. It currently manages equity for over 10,000 shareholders across over 260 customers, with a total value of over USD 950 million.

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