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

EntrackrEntrackr · 5m 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.

Ola Electric board approves Rs 1,700 Cr funding plan via debt instruments

EntrackrEntrackr · 5m ago
Ola Electric board approves Rs 1,700 Cr funding plan via debt instruments
Medial

Ola Electric board approves Rs 1,700 Cr funding plan via debt instruments Bengaluru-based Ola Electric Mobility Limited has approved a fundraising plan of up to Rs 1,700 crore through various debt instruments. Ola Electric Mobility has approved a plan to raise up to Rs 1,700 crore through debt instruments, following a board meeting held earlier today. According to the regulatory filing, the company will raise funds by way of term loans, working capital facilities, or issuance of Non-Convertible Debentures (NCDs) and other eligible debt securities. The funds may be raised in one or more tranches on a private placement basis or through any other method permitted under applicable laws. This is within the borrowing limits approved by shareholders and is intended to support the company’s growth and operations. Importantly, the company confirmed that the trading window remains closed since April 1, 2025, and will reopen 48 hours after the announcement of its financial results. This comes as the company faces increased regulatory scrutiny and financial challenges. In January, SEBI cautioned Ola Electric for violating disclosure norms after announcing a retail expansion on social media before informing exchanges. The following month, a discrepancy arose between its claimed 25,000 vehicle sales and 8,600 VAHAN registrations, which the company attributed to vendor delays. However, the Bhavish Aggarwal-led company secured the second position in the electric two-wheeler segment in April, with TVS Motor emerging as the market leader. While Ola Electric has yet to file its Q4 results, the company reported a 19.4% year-on-year drop in operating revenue to Rs 1,045 crore from Rs 1,296 crore. During the period, its net loss widened 50% to Rs 564 crore. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

Swiggy board approves Rs 10,000 Cr fundraise

EntrackrEntrackr · 8d ago
Swiggy board approves Rs 10,000 Cr fundraise
Medial

url: https://entrackr.com/news/swiggy-board-approves-rs-10000-cr-fundraise-10636718 Content: Swiggy board approves Rs 10,000 Cr fundraise. The fundraise comes as Swiggy looks to strengthen its balance sheet and fuel growth across its core food delivery business and its quick-commerce arm, Instamart. Swiggy Limited, the food delivery and quick commerce company, has received board approval to raise up to Rs 10,000 crore ($1.13 billion) through a public or private offering, including a qualified institutional placement (QIP) or other permissible routes. The company’s board approved the proposal on November 7, 2025, according to a regulatory filing. Swiggy plans to issue equity shares in one or more tranches to eligible investors, subject to shareholder approval at an upcoming extraordinary general meeting. The fundraise comes as Swiggy looks to strengthen its balance sheet and fuel growth across its core food delivery business and its quick-commerce arm, Instamart. The move also aligns with the broader trend of listed new-age firms tapping capital markets to bolster their financial position and expansion plans. Recently, Swiggy reported that its losses widened 74% year-on-year to Rs 1,092 crore in Q2 FY26, while Instamart’s revenue doubled during the same period. The company’s operating revenue surged 23% to Rs 3,760 crore in the quarter, driven by higher order frequency and quick-commerce traction. Meanwhile, the Bengaluru-based company also exited Rapido, securing Rs 2,399.5 crore and yielding over a 2.5X return on its investment made less than four years ago. Swiggy’s proposed capital raise follows rival Zomato’s Rs 8,500 crore QIP in late last year, to strengthen its balance sheet and support its food delivery and quick-commerce verticals.

LIC-owned Integra Essentia approves amalgamation of GG Engineering | Mint

LivemintLivemint · 1y ago
LIC-owned Integra Essentia approves amalgamation of GG Engineering | Mint
Medial

Integra Essentia shares, a penny stock owned by LIC of India, are set to gain attention as the company board approves the amalgamation of GG Engineering Ltd. The proposal will see Integra Essentia issue 48 shares for every 100 shares of GG Engineering. The amalgamation aims to create economic value, reduce finance costs, improve profitability, and provide resources for business growth. The companies plan to achieve synergies, cost savings, and improved financial performance through the merger. The robust financial stability of the combined entity presents opportunities for organic and inorganic growth. LIC's significant shareholding in Integra Essentia gives it influence over the amalgamation's outcome.

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