ESOP Valuations

Full-Spectrum Valuations. In-House Experts. Built for Indian Compliance.

Valuation isn't just a number — it’s a foundation for compliance, reporting, fundraising, and employee trust. As a Category-I SEBI-Registered Merchant Banker with an in-house Registered Valuer, Qapita offers trusted, audit-grade valuations tailored for Indian startups, private companies, and listed entities. Whether you're issuing ESOPs, raising capital, planning buybacks, or listing, our valuations are regulator-ready and investor-accepted.

Talk to our Valuations Team

Recognized as a Global Leader on G2

We are ranked the best in Customer Satisfaction, Enterprise and Mid-Market.

G2 Grid® for Equity Management Software | Summer 2025

Get It Right from the Start

Set up your cap table in minutes and establish a foundation that supports every stage of your growth. Model your first fundraise and understand how investor term sheets affect dilution. Qapita makes it easy to simulate outcomes and make informed equity decisions early.

Scale and Grow

As your company grows, your equity stack gets more complex. Qapita supports it all – options, SAFEs, preferred stock, warrants – with built-in workflows for board consents, investor updates, and structured governance. Every stakeholder stays aligned.

Stay compliant and confident

From valuations to filings, Qapita ensures your equity data is audit-ready and securely accessible to the right people. Manage 409A valuations, 83(b) elections, and reporting requirements with confidence – and stay ready for diligence at any moment.

In-House Expertise. End-to-End Execution

Merchant Banker + Registered Valuer = One Trusted Source

Qapita is one of the few equity platforms in India with a Cat-I Merchant Banking license and valuation capability under one roof. Our team works closely with your CFO, legal, and audit teams to deliver valuation reports that meet the standards of auditors, investors, ROC, and SEBI.

Valuation for ESOP Issuance & Reporting

Get It Right From the First Grant

We provide fair market value (FMV) assessments for ESOP grants, backed by valuation methodologies accepted under the Indian Income Tax Act and IND-AS 102. From grant pricing to expense amortization, you get defensible, documentation-ready reports — updated at your required frequency (annual/ semi-annually /quarterly).

Valuation for Exercise, Buybacks, Surrenders & Liquidity Events

Enable Employee Liquidity with Compliant Pricing

With Qapita, your cap table becomes a flexible decision-making tool. Visualize ownership by time, round, security class, or stakeholder – or backdate your view to past milestones and raise history. Share tailored dashboards with investors, legal counsel, or your finance team, all from the same source of truth. Equity data is powerful when it’s accurate – but it’s even more powerful when it’s presented your way.

Valuation for Preferential Allotment & Fundraising

Support Every Transaction with Audit-Grade Valuation

Qapita helps you look ahead by turning your cap table into a modeling engine. With every transaction, class, and term already structured, you can simulate new fundraises, exit scenarios, and conversion outcomes. Understand the impact of VC term sheets, SAFE note conversions, and liquidation preferences before you sign. No spreadsheets, just clarity – so you can make equity decisions with confidence.

Valuation for ESOP Accounting – Black Scholes (IND-AS 102)

Accounting-Aligned. Auditor-Approved.

We deliver valuation reports and amortization schedules compliant with IND-AS 102 for ESOP expense booking — including:
‍
I. Black-Scholes
II. Binomial
III. Monte Carlo simulations

Our output is audit-ready and integrates seamlessly with your finance function.

409A Valuation (U.S. Companies or Employees)

Compliant Valuations for Global Structures

If your company is incorporated in the U.S. or has U.S.-based employees receiving equity, we conduct 409A valuations using IRS-compliant models and safe harbor methodologies — ensuring global compliance and audit safety.

Testimonials

Words From Our Valued Customers

They have extensive knowledge in this space. ESOP Direct guided us step by step through the entire process. We are particularly happy with their alacrity in responding to our queries!

Edward Tirtanata

CEO & Co-Founder, Kopi Kenangan

We are glad to have found a very competent consultant in ESOP Direct. A worthy partner to work with, is what I’d say.

Manhar Kapoor,

General Counsel & Company Secretary, Eicher Motors

ESOP Direct acted as Trustees for our employee stock option scheme. I am fully convinced we have made the right choice.

Umasree Parvathy

Chief Peoples Officer, Northern Arc

They worked alongside with us during the process great example of collaborative efforts to customize an employee stock option plan from scratch.

Yeoh Chen Chow

Co-Founder, MyFave

Their meticulous study and report gave us relevant data to take an informed decision. We are glad we engaged ESOP Direct.

Shailesh Singh

Head HR, Max Life Insurance

We entrusted our complete Plan administration function to ESOP Direct.I wish ESOP Direct greater success in the coming years.

Mona Cherian

President and Group Head HR, Thomas Cook

Qapita Works With Companies Across the Globe From Seed Stage to Listing and Beyond

Get Audit-Grade Valuations You Can Trust

Essential for transparent reporting, attracting investment, and building stakeholder confidence.

Get Your Valuation

FAQs

Frequently Asked Questions

What Is Cap Table Management—and Why Does Your Startup Need It?

Cap Table Management involves tracking all forms of company equity ownership—founders, investors, options, warrants, SAFEs, convertible notes—accurately and in real‑time. Managing this manually in spreadsheets often leads to errors, dilution, miscalculations, and delays during fundraising or due diligence. Qapita’s platform automates equity issuance, updates transactions instantly, and ensures compliance.

How Do I Import or Migrate an Existing Cap Table into Qapita?

Seamlessly. Qapita supports full history imports or snapshot-based imports using spreadsheets for stakeholders, transactions, share classes, vesting schedules, and convertible instruments. You can map stakeholders and import rows in bulk, then publish transactions to go live when ready. Qapita handles data validation to minimize manual cleanup.

How Often Should I Update My Cap Table—and What Are Common Mistakes to Avoid?

Your cap table should be updated as soon as any significant event takes place, such as new funding rounds, option exercises, transfers, employee departures, or SAFE conversions. Outdated or inaccurate Cap Tables can lead to valuation discrepancies, legal complications, and delays during fundraising or audits. With Qapita, every change is recorded instantly and traceable, reducing typical human errors.

How much does Qapita cost?

Our pricing is designed to support your journey—from early stage to growth and beyond. We offer flexible plans for both listed and unlisted companies. No hidden fees—just unmatched transparency that helps you avoid unexpected pricing spikes. To get a tailored quote, talk to our team or request a demo.

Can Qapita Model Dilution and Equity Ownership Changes in Real Time?

Yes. Qapita lets you run real-time simulations for new funding rounds, option pool expansions, and convertible note conversions. Founders and CFOs can instantly see how ownership shifts across every round.

Full-Spectrum Valuations. In-House Experts. Built for Indian Compliance.

Recognized as a Global Leader on G2

Get It Right from the Start

Scale and Grow

Stay compliant and confident

From Agent to Lead, every role gets the tools to thrive

Merchant Banker + Registered Valuer = One Trusted Source

Get It Right From the First Grant

Enable Employee Liquidity with Compliant Pricing

Support Every Transaction with Audit-Grade Valuation

Accounting-Aligned. Auditor-Approved.

Compliant Valuations for Global Structures

Words From Our Valued Customers

Get Audit-Grade Valuations You Can Trust

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Save Hours Every Week

Ensure Compliance with Confidence

Scale as You Grow

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Helping You Elevate Your Equity Management

From Accurate Valuations to Broader Equity Goals

ESOP Trust Formation and Trustee Services

ESOP Tax Guides

IPO Preparation

Our Integrations

Stay Ahead of the Curve

Frequently Asked Questions

What Is Cap Table Management—and Why Does Your Startup Need It?

How Do I Import or Migrate an Existing Cap Table into Qapita?

How Often Should I Update My Cap Table—and What Are Common Mistakes to Avoid?

How much does Qapita cost?

Can Qapita Model Dilution and Equity Ownership Changes in Real Time?

Work with SEBI-Registered Valuers You Can Trust.