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Capillary Technologies to open IPO on Nov 14; cuts issue size

EntrackrEntrackr ยท 1m ago
Capillary Technologies to open IPO on Nov 14; cuts issue size
Medial

Capillary Technologies to open IPO on Nov 14; cuts issue size SaaS startup Capillary Technologies is set to launch its initial public offering (IPO) on November 14, with the issue closing on November 18. The Bengaluru-based company has also reduced the size of its public offer. According to the companyโ€™s revised filings, Capillary will raise Rs 345 crore through a fresh issue, compared to Rs 430 crore proposed earlier. The offer-for-sale (OFS) component has also been pared down to 92.2 lakh shares from 1.83 crore shares mentioned in the draft prospectus. The equity shares are proposed to be listed on both the BSE and NSE. Capillary had filed its Draft Red Herring Prospectus (DRHP) in June 2025 and received SEBIโ€™s approval in September. Axis Capital, ICICI Securities, and JM Financial are the book-running lead managers for the issue. The price band and valuation details are expected to be announced in the coming days. Promoters currently hold a 67.18% stake in Capillary Technologies India, while 32.82% is owned by public shareholders. Key investors include Ronal Holdings (7.53%), AVP Fund (5.51%), Trudy Holdings (4.49%), Filter Capital India Fund (3.66%), and Schroders Capital (1.54%). Founded in 2008 by Aneesh Reddy, Krishna Mehra, and Ajay Modani, Capillary provides cloud-native loyalty, CRM, and customer engagement solutions to over 390 brands across 46 countries, including Tata Digital, Aditya Birla Fashion, and Abbott Labs. On the financial front, the company delivered a robust performance in FY25, with revenue rising 14% year-on-year to Rs 598 crore. Capillary also turned profitable during the year, reporting a net profit of Rs 14.1 crore, compared to a loss of Rs 68 crore in FY24. According to the start-up data intelligence platform TheKredible, Capillary Technologies has raised a total of $239 million in funding to date.

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

EntrackrEntrackr ยท 1y 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. โ€œExisting investors are selling their stakes in Capillary and this is an extension to the previous round,โ€ 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. Weโ€™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 โ€“ Persuade, Brierley+Partners, and Tenerityโ€™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 firmโ€™s losses also jumped from Rs 22.8 crore to Rs 100 crore during FY22.

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