🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Capillary Technologies set to raise $90-100 Mn via secondary
Entrackr
·
1y ago
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.
View Source
1
Related News
From Shadowfax To Capillary Technologies — Indian Startups Raised $381 Mn This Week
Inc42
·
1y ago
Medial
Funding in the Indian startup ecosystem surged in the last week of February, with a total of $381.4 million raised across 27 deals. Logistics startup Shadowfax secured a $100 million Series E funding round led by TPG NewQuest. SIDBI emerged as the most active investor, investing in NewSpace Research & Technologies and Digantara. E-commerce was the most funded sector, with seven deals raising $55.4 million. Enterprisetech also performed well, with Capillary Technologies securing $104 million in a secondary funding round. Other news includes IPO plans for Digital Insurance, developments at BYJU'S, and a joint venture between RIL, Viacom18, and Disney. Kedaara Capital aims to raise India's largest private equity fund, Rockstud Capital closes its second alternative investment fund, and Peak XV announces the third cohort of its women entrepreneurs-focused Spark program. Finally, Koo is rumored to be acquired by Dailyhunt, and healthcare fintech startup QubeHealth plans to raise $6-9 million in a Series A funding round.
View Source
Capillary Nets $95 Mn In Secondary Fundraise
Inc42
·
1y ago
Medial
India-based customer loyalty and engagement solutions provider Capillary Technologies has raised $95m in secondary transactions to extend its Series D funding round. The total funding now stands at $140m. Capillary will use the funds to support its artificial intelligence initiatives, drive global expansion and strengthen its position in the customer loyalty software-as-a-service (SaaS) solutions sector. The company also plans to allocate $20m for employee stock ownership plan payouts. Capillary's suite of products, including Loyalty+ and Engage+, are AI-powered and serve over 400 brands worldwide.
View Source
Capillary Technologies expands its Series D round to $140 million; allocates $20M for ESOP payout
IndianStartupNews
·
1y ago
Medial
Capillary Technologies, a customer engagement and loyalty software services startup, has raised an additional $95 million in its Series D funding round through secondary transactions. The funds will be used for an IPO in the Indian market and to fuel growth and innovation, particularly in the United States and European markets. Capillary Technologies boasts a global presence and generates 65% of its revenue in the US. The company also plans to allocate $20 million for Employee Stock Ownership Plan (ESOP) payouts.
View Source
Warburg, Peak XV backed-Capillary Technologies extends Series D round to $140 mn
VCCircle
·
1y ago
Medial
Capillary Technologies, a SaaS startup, has expanded its Series D funding round to $140 million with an additional $95 million secured from existing investors, led by Avataar Ventures. The company has earmarked $20 million for employee stock ownership plan payouts. Capillary Technologies provides loyalty management and customer engagement solutions to brands such as Tata, PUMA, and Domino's. The funds will be used for AI initiatives and geographic expansion. The startup has grown its presence in the United States and operates across India, Southeast Asia, and the Middle East. Capillary Technologies had previously filed documents for an IPO but hasn't proceeded with the plan.
View Source
Capillary Tech board approves Rs 2,250 Cr IPO; doubles ESOP pool
Entrackr
·
2m ago
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.
View Source
Capillary Technologies extends latest funding round, raises $95 million in secondary
Economic Times
·
1y ago
Medial
Capillary Technologies has raised an additional $95 million in secondary transactions as part of its Series D funding round, extending the total round to $140 million. The funding will provide exits to existing investors and employees. The company is also planning to list on the Indian bourses in the next 18 months. The latest tranche includes an additional $6 million in equity funding from angel investors. Capillary Technologies will use the capital to support its artificial intelligence initiatives, partnerships, and expand further into the US and European markets. The company is said to have an annual revenue run rate of around $75 million.
View Source
Capillary Technologies Secures Board Approval for INR 2250 Cr IPO Launch
StartupTalky
·
2m ago
Medial
Capillary Technologies has obtained board approval to launch a INR 2250 crore IPO, raising INR 500 crore through new shares and INR 1750 crore via an offer for sale. This move follows an earlier attempt to list in 2021, which was abandoned. Founded in 2008, Capillary offers client engagement software with clients like Domino's and Tata Group. The company saw an 80% revenue growth in FY24 and is backed by investors like Qualcom Ventures and Peak XV Partners.
View Source
Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue
Entrackr
·
1m ago
Medial
Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue Loyalty management firm Capillary Technologies has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Thursday. The IPO includes a fresh issue of equity shares worth Rs 430 crore (approximately $50 million) and an offer for sale (OFS) of 1.83 crore equity shares, according to the DRHP. Earlier this month, the Bengaluru-based firm received the board nod for its planned Rs 2,250 crore or $265 million Initial Public Offering. Capillary Technologies International Pte. Ltd will offload approximately 77.6%, or 1.43 crore shares, of the total OFS. Other participants in the OFS include Ronal Holdings, Trudy Holdings, Filter Capital, and individual shareholders such as Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy, Sudhakar Reddy, Sripathi Damodar Reddy, and Manjunath Nanjaiah. As per the DRHP, Capillary Technologies International Pte Ltd, the promoter, holds a 65.47% stake in the company. Ronal Holdings and AVP Fund (Avataar Ventures) follow with holdings of 7.53% and 5.51%. Trudy Holdings and Filter Capital India own 4.49% and 3.66%, respectively. Capillary Technologies plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by JM Financial, IIFL Capital, and Nomura Financial Advisory, who are acting as the book-running lead managers. According to the DRHP, the net proceeds from the fresh issue will be utilized for cloud infrastructure costs, research, design, development, and other general corporate purposes. In the previous fiscal year ended March 2025, the company recorded a 14% year-on-year growth in its revenue to Rs 598 crore, up from Rs 525 crore in FY24. It also posted a net profit of Rs 14.1 crore in FY25, compared to a loss of Rs 68.3 crore in FY24.
View Source
Blue Tokai negotiates $40-mn raise at $160-mn valuation
The Arc Web
·
1y ago
Medial
Blue Tokai, a coffee chain, is set to raise $40 million in funding, with consumer fund 12 Flags Group making its first investment. The investment will primarily be a secondary transaction, with existing investors likely to increase their investments as well. Blue Tokai is currently discussing a valuation of around $160 million and may attract another new investor. The specialty coffee sector is experiencing significant interest as consumers seek premium offerings. Blue Tokai and Third Wave, two major players in the market, operate around 100 stores each. In the fiscal year 2022-2023, Blue Tokai generated revenues of Rs 129 crore, while Starbucks India reported sales of Rs 1,081 crore.
View Source
Musk gave us less than $45 mn, $90 mn raised from others: OpenAI
Inshorts
·
1y ago
Medial
OpenAI, in a blog post, said the startup had raised less than $45 million from Elon Musk and over $90 million from other donors. Musk wanted OpenAI to raise $1 billion initially instead of $100 million "to avoid sounding hopeless", the startup claimed. In a 2015 email shared by OpenAI, Musk said, "I will cover whatever anyone else doesn't provide."
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in