EquityList, a full-stack equity and shareholder management platform, announced today that it has raised $2.2 million in seed funding. The funding round saw participation from AngelList India, Hustle Fund (marking Hustle Funds’s maiden investment in India), Republic, Unpopular Ventures, Mana Ventures, Riverwalk Holdings, and Super Capital.
Angel investors like Tanmay Bhatt, Ramakant Sharma (Livspace), Gajendra Jangid (Cars24), Sairee Chahal (Sheroes), Rangarjan Krishnan (Five Star Finance), Sajid Rehman (MyAsiaVC), Faiz Mayalkarra (KubeVC) also participated.
According to the company, the funds will be used to hire top talent and accelerate its expansion plans. Being the earliest entrant to solve equity management nuances for Indian businesses, EquityList is now building a definitive operating system of equity and shareholder management for new-age operators globally.
“EquityList started as an internal project within AngelList India, growing steadily with inbound leads for almost ~2.5 years. This year, we decided to double down on our product, considering the growing need for equity management and corporate governance. We started building for India and, over the months, expanded to working with customers across Southeast Asia and the US.” says Kashish Sharma, CEO of EquityList.
“EquityList started as a product within AngelList India, and I am incredibly proud of the team for going 100 per cent in on it. We believe there is a multi-billion dollar opportunity here, along with EquityList's mission of democratizing technology to impact wealth creation significantly,” says Utsav Somani, Partner at AngelList India.
Julian Jung, managing director, Republic Deal Room, said, “In the rapidly evolving landscape of equity management, I've seen how emerging markets, such as India, mirror global trends and represent a vast untapped opportunity. EquityList not only recognizes this potential, but they are also leading the charge.”