Capmatter

Capmatter is a browser-based equity and compliance platform for Indian startups and private limited companies. It is best suited to teams that want ownership records, fundraising models, ESOP administration, and statutory tracking in one service. Its broad workflow is useful, but Pro’s monthly cost and the informational-only status of its outputs are important constraints.

Overview

Capmatter connects a company’s ownership records with fundraising and equity administration. Its cap table covers shareholders, share classes, voting rights, and liquidation preferences, while an immutable ledger and audit trail preserve a record of changes. That structure should help teams keep equity data accountable over time; it does not turn the platform’s calculations into professional advice.

The product is built for Indian company structures, including obligations tied to ROC and the Companies Act 2013. Capmatter says its outputs are informational, not legal, financial, tax, accounting, investment, or valuation advice. Companies making consequential decisions will need to rely on appropriate professional judgment alongside the software.

Key features

Fundraising and scenarios

Teams can model pre- and post-money valuations, dilution, and round allocations, then generate term sheet summaries. Scenario planning supports comparisons before a selected scenario is accepted into the live cap table. This makes it useful for exploring financing options without immediately changing the ownership record. The valuation calculator uses revenue multiples, EBITDA multiples, and comparable Indian deal analysis, but its results remain informational rather than advice.

ESOPs and compliance

ESOP management includes customizable vesting schedules, per-employee progress, and a default four-year schedule with a one-year cliff. The default gives teams a defined starting point, while customization accommodates different grant terms. A statutory calendar derived from company records tracks obligations related to ROC and the Companies Act 2013, bringing equity administration and compliance tracking into the same workflow.

Documents, imports, and controls

Capmatter generates cap table, ESOP, and board resolution PDFs, and supports watermarked, access-logged due diligence rooms. Excel and CSV imports cover shareholders, share classes, ESOP grants, and ledger events, with row validation before data is written. Capmatter states that it uses database-level row security, an append-only cap table ledger, server-side authorization, and HTTPS/TLS encryption in transit. Enterprise engagements can include implementation, onboarding, workflow configuration, and ongoing equity operations support; integrations with existing systems are scoped per engagement rather than presented as out-of-the-box connections.

Pricing

Capmatter has a free plan and paid plans. It may suit a company assessing the core service before committing, but the published plan details do not establish how far it can be used.

Pro costs ₹2,999 per month plus 18% GST, or ₹3,538.82 total. It is the paid option for teams that need the product’s paid features without an individually scoped enterprise engagement. The price is a recurring monthly commitment; no cancellation fee or lock-in is stated.

Enterprise has custom pricing, quoted individually after a written scope. It fits organizations seeking implementation, integrations, or support configured around their structure and requirements, but the price depends on that scope rather than a standard published rate.

Platforms

Capmatter is cloud-hosted and accessed through a web browser. It is intended for Indian private limited companies and startups; no mobile platform is offered in the listed platform support.

Who it's for

Capmatter is a strong fit for Indian startups that need to coordinate ownership records, fundraising scenarios, employee vesting, documents, and statutory tracking. It is less suitable for companies seeking professional valuation or legal advice from the platform, or for teams that require ready-made third-party integrations rather than engagement-scoped work.

Pros and cons

• Pros: Ownership tracking includes share classes, voting rights, and liquidation preferences in an immutable ledger with an audit trail, supporting a durable record of equity changes.
• Pros: Funding scenarios can be compared before one is accepted into the live cap table, keeping exploration distinct from recorded ownership.
• Pros: ESOP management, statutory tracking, document generation, and validated spreadsheet imports extend the service beyond cap table maintenance.
• Cons: Pro’s ₹3,538.82 monthly total includes GST, a meaningful recurring cost for smaller teams.
• Cons: Outputs are explicitly informational, and integrations require individual scoping, so the platform is not a substitute for advisers or a plug-and-play integration hub.

Alternatives

Cap Table Management Software is the category directory for comparing other options.

• Cake Equity is worth considering if Android or iOS access matters, or if a free plan with a stated five-stakeholder allowance and cap table, stock options, and SAFE notes better matches a small team.
• Eqvista may suit teams looking for a free cap table and ESOP plan with vesting schedules, stakeholder accounts, and a data room, with a stated limit below 20 stakeholders.
• EquityList is an alternative for web users whose stated free allowance of 10 stakeholders and 1,000 lifetime AI credits fits their needs.
• Fidelity Private Shares may fit a company within its Launch limits of up to 25 stakeholders and less than $1M raised, with equity plan generation, data room, board consents, and scenario modeling included.
• Hemrock is worth a look if self-hosting is the priority: its free self-hosted plan covers funds, SPVs, and team without per-seat fees, with estimated running costs roughly $0 to $75 a month.
• Ledgy may suit teams wanting a free launch plan for up to 50 stakeholders, with equity plans, grants, and simple vesting, plus API support.
• Mantle is a possible alternative for teams seeking a free starter plan with unlimited stakeholders, SAFE signing and templates, vesting schedules, scenario modelling, and cap table exports.
• Qapita Equity Management may suit companies within its free Spark limits of up to 25 stakeholders and less than $1M raised, with cap table and equity plan management, scenario modelling, and a data room.

Verdict

Choose Capmatter if you are an Indian startup or private limited company that wants ownership records, fundraising scenarios, ESOPs, and statutory tracking in one browser-based workflow. Its strongest case is the connection between an auditable cap table and the work around financing and employee equity. Look elsewhere if you need professional advice from the software, a clearly bounded free allowance, or standard third-party integrations without a scoped enterprise engagement.