Kapitalyze vs Qapita.
Two India-built cap-table platforms with different scope. Here's where each one is the right choice.
Side by side.
| Feature | Kapitalyze | Qapita |
|---|---|---|
| Starting price | ₹2,999/mo | Custom |
| Cap table | ||
| ESOP management | Yes — Rule 11UA + perquisite tax | Yes — mature simulator |
| AIF / Fund OS | Yes — Cat I, II, III; LP onboarding; PCS-2 | |
| MCA filing automation | Yes — PAS-3, MGT-14, DIR-12 drafts | Partial |
| Board governance (SS-1) | Yes — notices, agenda, minutes | |
| Indian tax handling | Section 17(2)(vi), Rule 11UA, IndAS 102 | Section 17(2)(vi) only |
| AI assistance | Oris AI — clause decode, draft resolutions | |
| Multi-entity consolidation | Yes — Mauritius, Singapore, Delaware | Limited |
| Data room | Yes — versioned, watermarked, access logs | |
| Support tier | Email, chat, dedicated CSM on Fund OS | Email, dedicated rep on enterprise |
Where each one wins.
Cap table mechanics
Both platforms handle the core motion: share classes, allotments, transfers, conversion math for CCPS, SAFEs, and convertible debentures. Qapita has been at it longer on the cap-table-only axis, and that shows in some of the polish — their fully-diluted view handles edge cases (multiple anti-dilution tranches, complex liquidation preferences) very cleanly.
Kapitalyze ties the cap table to the statutory register (MGT-1) and to your MCA filings in the same transaction. When you issue shares, the PAS-3 draft is generated, the SH-1 certificate is queued, and the Register of Members updates — three artifacts from one event. Qapita keeps the cap table and the filings in separate workflows.
Verdict — Qapita has marginally cleaner pure-cap-table edge cases. Kapitalyze wins on the cap-table-to-register-to-filing chain.
ESOP lifecycle
Qapita's ESOP simulator is genuinely strong — it's been their headline workflow for years. Employees see grants, vesting, and a what-if exercise calculator in a polished employee portal. The cliff/vesting/acceleration logic handles most real-world variants.
Kapitalyze does the same core grant-to-exercise flow, but the differentiator is the tax-and-accounting tail: Rule 11UA fair-value at grant, IndAS 102 amortisation across the vesting period, Section 17(2)(vi) perquisite computation at exercise, TDS journal generation, and Form 12BA prep. Qapita does the cap-table side of ESOP; Kapitalyze runs the whole chain into your books.
Verdict — Qapita for a richer employee-facing ESOP experience. Kapitalyze for ESOP accounting depth.
Fund OS and AIF support
This is where the products diverge. Kapitalyze ships a full Fund OS for AIF Cat I, II, and III managers: LP onboarding with KYC and FATCA workflows, capital call notices, distribution waterfalls (American and European), unit class accounting, and PCS-2 reporting to SEBI. The same platform handles the GP-side cap table and the LP-side fund management.
Qapita does not have an AIF product. If you're a fund manager running a SEBI-registered AIF alongside portfolio companies you've invested in, you'll need a second platform on top of Qapita. Kapitalyze covers both sides in one subscription.
Verdict — Kapitalyze, decisively, if AIF management matters.
MCA filings and board governance
Kapitalyze auto-drafts the full MCA filing suite from the events the cap table records: PAS-3 within the 30-day window after an allotment, MGT-14 after a special resolution, DIR-12 on director changes, AOC-4 and MGT-7 in the AGM cycle. Your CS files them via DSC on the V3 portal — you stop emailing PDFs at midnight.
Qapita generates some filing artifacts (PAS-3 in particular) but does not run the full board-governance and statutory-register stack. Notices with 7 clear days, agenda assembly, minutes with the 15-day circulation rule, MGT-14 windows — all Companies Act / SS-1 specifics — are Kapitalyze native, not a Qapita workflow.
Verdict — Kapitalyze if your CS is on your team. Qapita if filings live with an external firm anyway.
AI and term-sheet workflows
Oris AI is Kapitalyze's in-platform assistant. It decodes term-sheet clauses against Indian precedent (full ratchet versus broad-based weighted average, drag-along thresholds, pro-rata rights), drafts board resolutions, and answers regulatory questions with citations. The model is wired to the cap-table state, so 'what happens to founder dilution if we accept this term sheet' returns a number, not a description.
Qapita does not have an in-product AI layer at the time of writing. If AI-assisted analysis matters to your workflow — particularly during a live fundraise — Kapitalyze has the surface and Qapita doesn't.
Verdict — Kapitalyze. Qapita's roadmap will likely close this gap, but today it's a clear delta.
What you'll pay.
Kapitalyze Starter
₹2,999/mo
- Up to 50 shareholders
- Cap table + ESOP
- MCA filing drafts
- Board minutes (SS-1)
- Oris AI included
Kapitalyze Fund OS
₹24,999/mo
- Everything in Starter
- AIF Cat I/II/III support
- LP onboarding + KYC
- Capital calls + waterfalls
- PCS-2 reporting
Qapita
Custom
- Cap table + ESOP simulator
- Employee portal
- Some MCA artifacts (PAS-3)
- Enterprise: dedicated rep
- No AIF / Fund OS
The honest take.
Choose Kapitalyze if
- You run an AIF or are planning to.
- You want MCA filings, board minutes, and the cap table on one platform.
- ESOP accounting (IndAS 102, perquisite tax) is a CFO priority.
- You want AI clause-decode and term-sheet analysis built in.
- Predictable INR pricing matters — ₹2,999/mo to start.
Choose Qapita if
- You only need cap table + ESOP and nothing else.
- A polished employee-facing ESOP portal is the headline requirement.
- Your CS handles all filings externally and you don't need the integration.
- Brand familiarity in your investor network matters.
Moving from Qapita.
Export your Qapita cap table as CSV — we map share classes, holders, and rounds, and flag inconsistencies before commit. ESOP grants and vesting schedules import with cliff dates and acceleration triggers intact. Upload your signed SHA PDFs and we hash them into the data room. For larger cap tables we run a parallel reconciliation against your last MGT-1 before going live — usually under three business days.
Questions buyers ask.
Can I migrate my Qapita cap table to Kapitalyze?+
Yes. Export your Qapita cap table as CSV or PDF — we import share classes, holders, rounds, ESOP grants, and vesting schedules. Standard migrations finish in under 3 business days; we run reconciliation against your last MGT-1 before going live.
Is Kapitalyze actually cheaper than Qapita?+
For seed-to-Series-B cap tables, yes — Kapitalyze Starter is ₹2,999/month versus Qapita's custom-quoted pricing, which typically lands meaningfully higher. For larger cap tables or AIF needs, our Fund OS at ₹24,999/month replaces both Qapita and a separate fund-management tool.
Does Qapita have anything Kapitalyze doesn't?+
Honestly: their ESOP employee portal is more polished, and they have a longer track record specifically as a cap-table specialist. If those two things are your top priorities and the rest of our scope (AIF, board, MCA, AI) is not, Qapita is a defensible choice.
How does Oris AI handle Indian-law questions?+
Oris AI is wired to the Companies Act 2013, SEBI AIF regulations, Indian tax (Sections 17(2)(vi), 56(2)(viib), Rule 11UA), and case-law from the NCLAT and Bombay/Delhi HC. Every answer cites the section or judgment. It will not give advice it can't ground.
Do you support DPIIT recognised startups?+
Yes. DPIIT-recognised startups in their first three years get 50% off Company OS. Bring your DPIIT certificate during signup.
What about exporting if I want to leave?+
You can pull a full data dump in CSV plus signed PDFs of every share certificate, board minute, and filing artifact at any time. No lock-in, no exit fees.
See the difference
on your own cap table.
Start free in 60 seconds. Bring your Qapita export or your existing Excel and we'll reconcile it in the trial.