COMPANY INTELLIGENCE PROFILE
CapitalGrid Technologies Private Limited
CapitalGrid Technologies Private Limited operates the brand "Trica" — an equity/cap-table management platform for startups covering ESOP administration, investor/cap-table reporting, valuations, and secondary liquidity facilitation for founders/employees/investors.
CapitalGrid Technologies Private Limited, incorporated on June 9, 2021, focuses on fintech-SaaS solutions under the brand "Trica." It offers equity and cap-table management services, including ESOP administration and liquidity facilitation, operating in India, Singapore, and the USA. As a subsidiary of LetsVenture Technologies, it reported a revenue of ₹3.82 crore for FY2025. The company raised $3 million in a seed round in October 2021.
AI-generated, may contain errors.
Business Overview
- CapitalGrid Technologies Private Limited operates the brand "Trica" — an equity/cap-table management platform for startups covering ESOP administration, investor/cap-table reporting, valuations, and secondary liquidity facilitation for founders/employees/investors.
- It was launched in 2021 as a new business entity spun out of LetsVenture, India's angel/startup investment marketplace, and per TheCompanyCheck is a subsidiary of LetsVenture Technologies Private Limited.
- Trica reports serving 800+ private companies for cap-table/ESOP management, with operations referenced in India, Singapore and the USA on its site, tricaequity.com, formerly trica.co.
- DPIIT-recognized startup., Sources: TheCompanyCheck, Tofler, company website via search, funding-news coverage.
Sector & Classification
Computer programming, consultancy and related activities (NIC ~62xx). Tofler labels it "Computer Related Services"; TheCompanyCheck labels it "Internet and Online Financial Services" — both point to the same fintech-SaaS activity (cap-table/ESOP management software), described as source conflict on exact taxonomy label.
Directors & Key Management
Directors — source notes
1) Sanjay Kumar Jha — DIN 06563387 (source: Tofler; single-source for DIN), director/shareholder since incorporation (09 Jun 2021), co-founder, also linked to LetsVenture Technologies Pvt Ltd per public records. CAUTION: search snippets surfaced an unrelated, more famous "Sanjay Kumar Jha" (former CEO of GlobalFoundries/Motorola Mobility, ex-Qualcomm COO) attached to this entity — this appears to be a name-collision/entity-confusion artifact from an AI-summarized search result, not a verified fact, and is NOT included as confirmed. 2) Shanti Mohan — DIN 01546965 (source: Tofler; single-source for DIN), director since 25 Aug 2022, publicly known as co-founder/CEO of LetsVenture (consistent with group structure). Both directors' names/appointment dates confirmed by 2 sources (Tofler + TheCompanyCheck); DINs sourced from Tofler only.
GST Registrations
Primary GSTIN: 29AAJCC5362R1ZT (Karnataka, state code 29 — matches registered PAN AAJCC5362R and registered office state). Status/registration date reported as ~27 Jul 2021, Regular taxpayer (source: aggregated GST-lookup search result, not independently opened on knowyourgst.com — direct knowyourgst GSTIN page returned 404, so treat as partial/single-source). One search snippet also floated an unrelated alternate GSTIN "27AAJCC5362R1ZX" (Maharashtra state code 27) — this looks like a mismatched/confused artifact and is NOT reported as confirmed; only the Karnataka GSTIN above is used. Number of registrations beyond this one: not obtained.
Financials
CapitalGrid Technologies reported a revenue of ₹3.82 Cr for FY2025, marking a 5% increase year-on-year. In FY2023, the revenue ranged between ₹1-10 Cr, with a significant decrease in book net worth and total assets by 62.14% and 59.68% respectively.
AI-generated, may contain errors.
- FY2025, year ended 31 Mar 2025: Revenue ₹3.82 Cr, +5% YoY, source: TheCompanyCheck; single source, standalone presumed, EBITDA/PAT locked/not disclosed.
- FY2023, year ended 31 Mar 2023, per Tofler: Revenue in the ₹1–10 Cr band, exact figure paywalled, book net worth down 62.14% YoY, total assets down 59.68% YoY
- EBITDA, PAT and borrowings all listed as "Tofler Pro subscription required" — not obtained. Net worth/borrowings for FY2025: not obtained. No indication of consolidated financials, single Indian entity, standalone.
Funding History
- Seed round: US$3 million, announced 07 Oct 2021, from Accel, LC Nueva AIF, and Secocha Ventures, plus angel investors Kunal Shah (CRED), Anupam Mittal (Shaadi.com) and Ashneer Grover (BharatPe) — confirmed by 4 independent news sources, LiveMint, CNBC-TV18, VCCircle, Inkl, all describing Trica as "LetsVenture's new business entity." No later priced rounds found for this entity
- Total group-level, $27M+ across 9 investors per Inc42, figure relates to the broader LetsVenture/Trica group, not confirmed as this entity alone — reported with that caveat, not attributed solely to CapitalGrid Technologies.
Loans & Charges
- TheCompanyCheck: "Open Charges: None" and "Secured Borrowings: None registered", single source — not independently cross-confirmed on Tofler/Falconebiz, so treat as partial.
Credit Ratings
- None found. No CRISIL/ICRA/CARE rating surfaced for CapitalGrid Technologies Private Limited or the Trica brand in available sources — consistent with a small, VC-funded private company with no rated debt instruments.
Legal & Compliance
- No cases found on Indian Kanoon for "Capitalgrid Technologies Private Limited" or "Trica", search returned no matching results. No other litigation/legal proceedings identified.
Competitive Landscape
- Cap-table/ESOP/equity-management platform peers in India/APAC: Qapita, closest scale peer, APAC-wide cap table + ESOP, EquityList, India/Singapore/US/MENA cap-table & ESOP SaaS, similar/smaller scale, Carta, global category leader, much larger scale, US-headquartered with India presence, Pulley, US-based cap-table SaaS, global, Ledgy, Europe-based cap-table SaaS, Tabulate, India-focused, early-stage ESOP compliance, smaller/earlier stage.
- Trica is positioned as a growth-stage-capable platform alongside Qapita, per comparative market commentary.
Frequently Asked Questions
What does CapitalGrid Technologies Private Limited do?
CapitalGrid Technologies Private Limited operates the brand 'Trica', an equity and cap-table management platform for startups. It covers ESOP administration, investor and cap-table reporting, valuations, and secondary liquidity facilitation for founders, employees, and investors. The company serves over 800 private companies and was launched as a new business entity spun out of LetsVenture.
What is the CIN of CapitalGrid Technologies Private Limited?
The CIN of CapitalGrid Technologies Private Limited is U72900KA2021PTC148299.
What is the GSTIN of CapitalGrid Technologies Private Limited?
The primary GSTIN for CapitalGrid Technologies Private Limited is 29AAJCC5362R1ZT, registered in Karnataka.
When was CapitalGrid Technologies Private Limited incorporated?
CapitalGrid Technologies Private Limited was incorporated on 09 June 2021.
Where is the registered office of CapitalGrid Technologies Private Limited located?
The registered office of CapitalGrid Technologies Private Limited is located at WeWork Galaxy, 43 Residency Rd, Shanthala Nagar, Ashok Nagar, Bengaluru North, Karnataka 560025.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.