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Capillary Technologies to acquire Mastercard-owned Session M for $20 Mn

EntrackrEntrackr · 2d ago
Capillary Technologies to acquire Mastercard-owned Session M for $20 Mn
Medial

Capillary Technologies to acquire Mastercard-owned Session M for $20 Mn SaaS firm Capillary Technologies has approved an investment in its wholly owned overseas arm to acquire US-based loyalty and engagement platform Session M Inc., the company disclosed this development in a regulatory filing on Tuesday. The board has cleared an investment into Capillary Pte. Ltd. to buy 100% shareholding in Session M, which is currently a wholly owned subsidiary of Mastercard Inc. The transaction will also include Session M’s Czech subsidiary. Founded in 2011, Session M operates a cloud-based loyalty and customer engagement platform. The company posted a turnover of $50.5 million in CY2025, down from $54.5 million in CY2024 and $57 million in CY2023. As per the disclosure, the deal involves a base cash consideration of $20 million and is expected to be completed within 180 days from the signing date. Capillary Technologies made a muted debut on the stock exchange, listing at Rs 560 per share on the BSE, a 3% discount to its issue price of Rs 577. On the NSE, the stock opened slightly higher at Rs 571.9. On the financial front, Capillary Technology’s revenue from operations increased 16% to Rs 184 crore in Q3 FY26. On the other hand, its profit decreased by 20% to Rs 8 crore in the same period. At the end of today’s trading session, Capillary Technologies’ share price stood at Rs 512, giving the firm a total market capitalization of Rs 4,067 crore ($447 million).

Capillary Tech board approves Rs 2,250 Cr IPO; doubles ESOP pool

EntrackrEntrackr · 8m ago
Capillary Tech board approves Rs 2,250 Cr IPO; doubles ESOP pool
Medial

Capillary Tech board approves Rs 2,250 Cr IPO; doubles ESOP pool Loyalty management firm Capillary Technologies is inching closer towards its public listing as the Bengaluru-based firm received board nod to float its Rs 2,250 crore or $265 million Initial Public Offering (IPO). The board at Capillary Technologies has passed a special resolution to raise up to Rs 500 crore ($59 million) via fresh issue of equity of shares and an offer for sale of up to an aggregate amount of Rs 1,750 crore ($205 million), its regulatory filing accessed from the Registrar of Companies show. In a separate move ahead of the IPO, the firm has expanded its employee stock ownership plan (ESOP) pool by 123%, increasing it from 32.6 lakh to 72.91 lakh options, which now account for 9.04% of its total share capital. According to Entrackr’s estimates, the expanded ESOP pool is valued at around Rs 212 crore, out of a total pool size of Rs 384 crore. Founded by Aneesh Reddy, Krishna Mehra, and Ajay Modani, Capillary Technologies is a SaaS company that helps brands strengthen customer loyalty. Its platform provides insights that enable brands to offer real-time, personalized, and consistent experiences across multiple channels. As per the company, it operates across the US, India, the Middle East, and Asia, supporting over 100 loyalty programs and partnering with more than 250 brands, including Tata, PUMA, Shell, and Al-Futtaim, among others. Capillary Technologies has raised more than $240 million so far, including a $140 million Series D round completed in February last year. From this amount, $20 million is allocated for employee payouts through its stock ownership plan (ESOP). Earlier this month, the company expanded its presence in North America by acquiring Kognitiv, a provider of omnichannel loyalty solutions, as part of its strategic growth plan.

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