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Capillary Technologies set to raise $90-100 Mn via secondary

EntrackrEntrackr · 2y ago
Capillary Technologies set to raise $90-100 Mn via secondary
Medial

Customer loyalty and engagement technology solutions provider Capillary Technologies is all set to raise $90-100 million in a secondary round, sources aware of the development told Entrackr. “Existing investors are selling their stakes in Capillary and this is an extension to the previous round,” said one of the sources requesting anonymity. In June 2023, Capillary announced the closure of its $45 million series D round from Avataar Ventures along with its LPs (Pantheon, 57Stars, and Unigestion), Filter Capital, and Innoven Capital. Capillary offers a comprehensive view of consumers, and unified, cross-channel strategies that deliver a real-time omnichannel, personalised, and consistent experience for customers. It has a presence across the United States, India, the Middle East, Asia, et al. Founded by Aneesh Reddy, Krishna Mehra, and Ajay Modani, the company works with over 100 loyalty programs, and over 250 brands including the likes of Tata, PUMA, Shell, Al-Futtaim among others. As per sources, Capillary is likely to close this transaction soon. Queries sent to Capillary did not elicit an immediate response. We’ll update the story in case we hear from them. Earlier, Capillary had claimed that the US accounts for more than a third of its revenue. The firm also acquired three companies in the US – Persuade, Brierley+Partners, and Tenerity’s Digital Connect. While Capillary is yet to disclose its FY23 financial results, it reported Rs 223 crore in revenue from operations during FY22. The firm’s losses also jumped from Rs 22.8 crore to Rs 100 crore during FY22.

Filter Capital makes final close of Fund I Rs 800 Cr

EntrackrEntrackr · 1y ago
Filter Capital makes final close of Fund I Rs 800 Cr
Medial

Filter Capital, a technology-focused investment firm, has made the final close of its first fund at Rs 800 crore (approximately $96 million). The Mumbai-based fund received around 60% of the capital commitments from domestic limited partners (LPs), with the rest coming from international investors. According to an ET report, the LPs in the round included institutional investors and family offices such as HDFC Fund of Funds, Small Industries Development Bank of India, DSP family office, Amansa Capital founder Akash Prakash and Dream Sports cofounder Harsh Jain. Launched by Nithin Nayar and Sumit Sinha in 2018, Filter Capital will invest in Series B and C rounds in the range of $15-20 million. Filter Capital India Fund I has so far invested about Rs 225 crore from its corpus in four entities — enterprise loyalty software provider Capillary Technologies, bus mobility platform Chalo Mobility, e-commerce logistics services firm LoadShare Networks and healthcare enterprise software company THB. Recently, its portfolio firm Capillary Technologies extended its Series D round to $140 million, raising $95 million in secondary transactions to provide exits to existing investors and employees.

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).

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