Bengaluru based digital equity management platform, Qapita has roped in an experienced investment banker, Skanda Jayaraman, to lead its marketplace for private securities.
The Company had earlier announced that it secured investment and a partnership with Citigroup to accelerate its platform.
Qapita plans to facilitate liquidity solutions via a digital marketplace enabling transactions for companies between investors and employee stakeholders.
Skanda was most recently the Managing Director and Head of Investment Banking at Spark Capital, one of India’s premier mid-market investment banks, and grew the business multi-fold into the respected pan-India franchise. Skanda brings a deep understanding of private market transactions and an extensive network of relationships in the VC and PE community. Qapita will leverage its experience to build a unified platform and offer liquidity solutions to its clients, their shareholders, and employees.
“Skanda would oversee the launch of Qapita marketplace which will offer a full-stack solution to clients across India and SE Asia, including but not limited to liquidity solutions to the employees, and early investors on Qapita’s customers’ CapTables,” the company said.
Announcing the name, Ravi Ravulaparthi, CEO & Cofounder of Qapita, said, “There cannot be a better time to build an operating system and rails for a marketplace for private securities. Qapita will continue to invest in talent and capabilities across SaaS, capital markets, and digital ledger technology. Skanda is an experienced leader who can guide this intersectional team.”
“Qapita has assembled an excellent multi-disciplinary team to solve this complex problem at scale. Excited to be building a tech-powered platform to unlock liquidity solutions in a soon-to-be trillion-dollar private market. I look forward to working alongside the Founders Ravi, Lakshman, and Vamsee to build Qapita into a leading platform,” Skanda Jayaraman added.