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EquityList

ESOP Management
Official Entity: EquityList • HQ: New Delhi, Delhi
64 / 100Verified CA Product ScoreProvisional · 7/11 checklist items sourced= 7 / 11 features supported|See Full Breakdown ↓
Verified Pricing
Public: Free ₹0/yr (10 stakeholders). Build ₹60,000/yr billed annually, 50 stakeholders, +₹100/stakeholder/month beyond limit (₹6,250/mo if billed monthly). Growth ₹1,80,000/yr billed annually, 100 stakeholders, +₹150/stakeholder/month beyond (₹18,750/mo if billed monthly). Enterprise: custom quote.
✓ 100% Primary-Source Verified
Executive Summary & Position:
  • Target Firm: Modern startup cap table and ESOP management platform built out of AngelList India, featuring transparent self-serve pricing and Cashfree payment integration.
  • Deployment: Cloud / Web-based SaaS (Windows, Mac, Web)
Visit Official Website ↗Compare vs Rival Tools → Pricing Calculator

Feature Availability Matrix

Primary-source verified statutory capabilities for EquityList (7 of 11 features available).See sources ↓

7 / 11 Supported
Cap Table, Grants & Vesting Design3 / 3
Real-Time Cap Table With Scenario/Waterfall Modeling for Funding Rounds
✓ Yes
Performance/Milestone-Based Vesting Schedules (Beyond Standard Time-Based Cliffs)
✓ Yes
Digital Grant Letter Generation With Native E-Signature Workflow
✓ Yes
Valuation & Statutory Compliance1 / 3
In-House or Panel Fair-Value / Ind AS 102 Valuation Support
✓ Yes
SEBI SBEB Compliance Reporting for Listed Companies
✕ No
FEMA/RBI Cross-Border ESOP Compliance Tracking
✕ No
Liquidity & Employee Experience2 / 3
Employee Self-Service Portal With Vesting/Exercise Visibility
✓ Yes
Built-In Secondary/Buyback Liquidity Program or Facilitation
✓ Yes
Exercise Workflow With Payment Collection & Cashless/Net Exercise Options
✕ No
Integration & Platform1 / 2
Named Native Integration With Payroll/HRMS or Accounting Systems
✓ Yes
Public API for Custom Integration
✕ No

Key Strengths & Limitations

✓ Key Strengths

  • ✓Confirmed: cap table modeling with a worked example ("$5M at $45M pre.
  • ✓Panel (not in-house) valuation via "SEBI-registered merchant bankers and registered valuers" using a Black-Scholes mo.
  • ✓Employee dashboards show vested units, current value, exercise eligibility, grant letters/policy docs and gain calcul.

✕ Caveats & Considerations

    Technical Specifications

    DeploymentCloud / Web-based SaaS
    Supported OSWindows, Mac, Linux, iOS, Android
    Target Practice SizeChartered Accountants & Tax Firms
    Official Entity & OriginE-List Technologies Private Limited • New Delhi, Delhi
    Official Websitehttps://equitylist.co ↗

    About EquityList & Governance

    EquityList began as an internal AngelList India project to replace spreadsheet-based equity administration, and spun out as an independent company in 2023, adding an ESOP Advisory line in 2024. AngelList India remains an investor alongside Republic and Hustle Fund. Its own pages disclose inconsistent self-reported scale figures (e.g. "650+ companies / 80,000+ stakeholders / $20B+ securities" on the homepage vs. "600+ companies / $4B+ / 50,000+ stakeholders" on about-us) — no single number is presented here as fact. States SOC 2 Type II, ISO 27001:2022 and GDPR/DPDP compliance.

    Corporate EntityE-List Technologies Private Limited
    HeadquartersNew Delhi, Delhi
    Founded2020
    Team Size20-50

    Pricing & Plans

    Commercial PlanPublic: Free ₹0/yr (10 stakeholders). Build ₹60,000/yr billed annually, 50 stakeholders, +₹100/stakeholder/month beyond limit (₹6,250/mo if billed monthly). Growth ₹1,80,000/yr billed annually, 100 stakeholders, +₹150/stakeholder/month beyond (₹18,750/mo if billed monthly). Enterprise: custom quote.
    Verified Rate

    equitylist.co/pricing-india (live, 2026-10-05): "Free: ₹0/mo, 10 stakeholders. Build: ₹5,000/mo billed monthly or ₹60,000 billed annually (25% savings), 50 stakeholders... Growth: ₹15,000/mo billed monthly or ₹180,000 billed annually, 100 stakeholders..." Corrects the previous figures, which showed a nonexistent "Scale" tier and wrong prices/limits for Build and Growth (was ₹96,000/35 and ₹2,80,000/50). No GST note found on the live page.

    Pricing checked as of 2026-10-05.

    Starting FromFree

    Flat plan, 3 tiers (covers up to undefined users)

    TierAnnual Price
    Free Forever Plan (10 stakeholders)₹0
    Build Plan (50 stakeholders, billed annually)₹60,000
    Growth Plan (100 stakeholders, billed annually)₹1,80,000

    Sources

    Frequently Asked Questions

    3 Answers
    Q1How much does EquityList cost?
    equitylist.co/pricing-india (live, 2026-10-05): "Free: ₹0/mo, 10 stakeholders. Build: ₹5,000/mo billed monthly or ₹60,000 billed annually (25% savings), 50 stakeholders... Growth: ₹15,000/mo billed monthly or ₹180,000 billed annually, 100 stakeholders..." Corrects the previous figures, which showed a nonexistent "Scale" tier and wrong prices/limits for Build and Growth (was ₹96,000/35 and ₹2,80,000/50). No GST note found on the live page. Pricing verified 2026-10-05 directly from https://equitylist.co.
    Q2Who is EquityList best suited for?
    Modern startup cap table and ESOP management platform built out of AngelList India, featuring transparent self-serve pricing and Cashfree payment integration..
    Q3What is EquityList's Product Score based on?
    64/100, derived from 10 weighted criteria scored against primary-source evidence - the vendor's own site, documentation, and live product walkthroughs. See our methodology for the full scoring rubric. (provisional - 7/11 checklist items sourced; unconfirmed items are counted as not supported until verified, so this score can only increase as we confirm more of the checklist).

    Last verified 2026-09-13 by Gagan C, Tax Practitioner. See our full scoring methodology.

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