AngelList's 'Carta for India' free product helps startups manage cap table and employee grants

LearnAndBeCurious
Learn and Be Curious
AngelList's 'Carta for India' free product helps startups manage cap table and employee grants
  • AngelLis branched out to a new category in India to further serve the ecosystem.
  • The startup platform said its new product, called EquityList, allows founders to easily manage their cap table, which as the name suggests, is a table that documents a firm’s percentages of ownership, value of equity in each round, and equity dilution.
  • AngelList’s new offering pits it against the talk-of-the-town Carta’s core service — though by limiting EquityList to India, AngelList is tapping a booming market that the Palo Alto-based startup is yet to explore.
  • During its pre-beta days, 20 startups ranging from pre-Seed to Series B used EquityList and the early reception was overwhelming, said AngelList, adding that startups using EquityList don’t share any data with the platform.