Capmatter review
A broad cap table system with Indian compliance workflows and multi-round modeling.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Capmatter is a web-based cap table and equity management platform for Indian startups and private companies. It tracks shareholders, share classes, funding rounds, ESOP grants, vesting schedules and ownership changes through an auditable ledger. Its scope also covers valuation inputs, dilution simulation, scenario comparison, document generation, data imports, permissions, activity logging and an Indian statutory compliance calendar. Companies managing fundraising, employee equity and board documentation in one workspace are the clearest fit.
The pricing structure starts with a Free plan that provides cap table access, is free to start, and keeps data available after downgrade. Pro costs INR 2,999 per month with monthly renewal, and adds paid cap table and equity features; 18% GST applies. Enterprise is positioned around scoped implementation, migration and reconciliation, and operational support. This makes the product accessible for early-stage evaluation while giving companies a defined paid path as their equity administration needs grow.
Capmatter’s standout area is scenario modeling: teams can work with pre- and post-money valuations, simulate dilution across multiple rounds, and branch and compare scenarios. Excel and CSV imports with validation can support migration, while PDF generation covers cap tables, ESOP materials and board resolutions. Role-based permissions and activity logging add collaboration controls, and the read-only AI assistant is grounded in company data. Companies needing Indian-focused equity workflows and fundraising analysis should consider Capmatter. Teams seeking a non-web deployment or an AI assistant that edits records should look for an alternative.
Capmatter pros and cons
- Where it wins
- Models dilution across funding rounds and branching scenarios
- Tracks shareholders, classes, ESOPs and vesting on an auditable ledger
- Generates PDFs and supports Excel or CSV imports with validation
- Where it doesn't
- The Pro plan costs INR 2,999 monthly before 18% GST
- The product is available through the web only
- The AI assistant is read-only and grounded in company data
Capmatter fact sheet, pricing and score →
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