Can you tell me about start-up, Qapita, that has just raised a round of pre-series funding?

Qapita is a major provider of SaaS services or software application as service to major enterprise players in the market. In the latest found, Qapita has raised $5 million as part of its Pre-Series-A round led by MassMutual Ventures. Qapita would use this fresh infusion of funds to add high-end engineering talent, accelerate product development and also to expand and build its client base across India, Indonesia and Singapore.

Qapita has attracted a number of institutional investors as customers. So they have gained in terms of new customer onboarding. However, the company is also simultaneously make a sales pitch to over 100 customers in the last one year. The fund raising comes just 6 months after Qapita raised its first seed fund led by Vulcan Capital. Qapita was one of the gainers of COVID and this SaaS business has gained from that.