shouldiuse.io

VERDICT

Should I use Qapita?

Moving from Pulley? Get free migration and guaranteed cost savings. - qapita.com

Depends. A strong fit for India/SEA startups and Pulley refugees needing cap table, ESOP, and valuations in one platform. Skip it if you need published pricing or a clean security record — its acquired ESOP Direct unit was hit by ransomware in December 2025.

Confidence

Medium. Based on 20+ public sources; pricing figures undisclosed, security findings date to late 2025.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

Not publicly listed

Custom (quote-based)

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed

Best for

  • Startups in India/SEA managing ESOPs
  • Pulley refugees needing fast migration
  • Companies needing 409A/SEBI-compliant valuations
  • VC funds needing fund administration

Not for

  • US-only startups wanting transparent self-serve pricing
  • Pre-seed founders with spreadsheet-sized cap tables
  • Buyers requiring a spotless vendor security record
  • Teams avoiding sales-led procurement

Gotchas - check before you buy

high

ESOP Direct, acquired by Qapita, was hit by LockBit 5.0 ransomware in Dec 2025

high

135 credentials from appear in infostealer logs — ask the vendor how they responded

medium

Cost-savings guarantee is framed against Pulley's shutdown; confirm renewal pricing after year one

medium

No published tiers; expect a sales call before seeing numbers

Pros and cons

Pros

  • 4.6/5 G2 rating across 348 reviews
  • Free migration plus guaranteed cost savings for Pulley switchers
  • Broad scope: cap table, ESOP, valuations, and fund administration
  • Serves startups through listed companies, including SEBI-compliant valuations
  • Formal GDPR compliance program with Scrut smartGRC

Cons

  • Acquired unit ESOP Direct hit by LockBit 5.0 ransomware
  • 135 infostealer credentials tied to domain
  • Pricing not publicly listed; sales-led buying process
  • Competitors like EquityList actively target Qapita switchers

Sources & method

Analyzed 9/27/2026 - 12 sources - GDPR program exists, but Qapita-owned ESOP Direct suffered a LockBit 5.0 ransomware attack (Dec 2025) and 135 infostealer credentials are tied to Qapita's domain.

official x3review x3security x3news x3
  • ESOP Direct ransomware breach, ESOP Direct, an India-based ESOP firm acquired by Qapita, was listed by the LockBit 5.0 ransomware group; breach reported December 2025.
  • Infostealer credentials on corporate domain, Hudson Rock lists 135 credentials from exposed via infostealer infections.

Key stats

  • Value for money: 3/5

    Rating

  • Not publicly listed

    Starting price

  • 12

    Sources

  • Analyzed

  • Value for money: 3/5. Opaque pricing; savings guaranteed only vs Pulley
  • Ease of use: 4/5. G2 4.6/5; marketed as easy to use
  • Feature depth: 5/5. Cap table, ESOP, valuations, fund admin, listed companies
  • Support quality: 4/5. Claims #1 customer support ratings; 4.6 G2
  • Security posture: 2/5. GDPR program, but ransomware breach and leaked credentials
  • 4.6/5 G2 rating 348 reviews
  • 2.9/5 Employee rating AmbitionBox, 40+ employee reviews
  • $16.6M Annual revenue GetLatka estimate

Pricing

Custom (quote-based)

Not publicly listed

  • Cap table, ESOP, valuations, fund administration
  • Free migration and guaranteed savings claimed for Pulley switchers

Security

GDPR program exists, but Qapita-owned ESOP Direct suffered a LockBit 5.0 ransomware attack (Dec 2025) and 135 infostealer credentials are tied to Qapita's domain.

  • ESOP Direct ransomware breachESOP Direct, an India-based ESOP firm acquired by Qapita, was listed by the LockBit 5.0 ransomware group; breach reported December 2025.⁶
  • Infostealer credentials on corporate domainHudson Rock lists 135 credentials from exposed via infostealer infections.⁷

What users say

Users rate Qapita 4.6/5 on G2, and at least one Pulley user reports moving their cap table to Qapita after Pulley's announced shutdown.

“We moved the cap table to Qapita”
Reddit, r/startups

Companies that use it

  • DocuX⁴
  • Docquity
  • RedBus
Full analysis

Based on 20+ public sources; pricing figures undisclosed, security findings date to late 2025.

Solid 4.6/5 cap table tool for India/SEA startups; opaque pricing and a 2025 ransomware breach at its ESOP Direct unit give pause.

Methodology

Based on 20+ public sources; pricing figures undisclosed, security findings date to late 2025.

Sources

  1. Qapita homepageqapita.com
    official
  2. Qapita Pricing pageqapita.com
    official
  3. Qapita seller reviews on G2g2.com
    review
  4. Qapita product reviews on G2g2.com
    review
  5. Qapita employee reviews on AmbitionBoxambitionbox.com
    review
  6. ESOP Direct Data Breach Linked to LockBit 5.0 Ransomwarebotcrawl.com
    security
  7. qapitacorp.com infostealer credentials — Hudson Rockhudsonrock.com
    security
  8. Qapita GDPR compliance case study with Scrutscrut.io
    security
  9. Pulley Cap Table is Shutting Down in Dec 2026 — Redditreddit.com
    news
  10. Qapita acquires ESOP Directfintechfutures.com
    news
  11. Qapita revenue estimate — GetLatkagetlatka.com
    news
  12. EquityList Qapita alternative pageequitylist.co
    official

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