Latest news with #Capillary
Time of India
21-06-2025
- Business
- Time of India
Capillary to raise Rs 430cr via fresh issue
Capillary Technologies (Image credits: LinkedIn) BENGALURU: Capillary has refiled papers with Sebi to raise Rs 430 crore through fresh issue of shares. The offer also includes an offer-for-sale of up to 1.8 crore equity shares by existing investors and promoter entities. The company's public debut comes after it withdrew earlier IPO plans in 2021, citing market conditions. Capillary provides AI-powered loyalty and customer engagement solutions to global brands. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
19-06-2025
- Business
- Mint
IPO Watch: Capillary Technologies India refiles draft papers to raise funds via IPO
IPO Watch: Capillary Technologies India Ltd refiled draft red herring prospectus (DRHP) to secure funding for its initial public offering (IPO). Previously, the company submitted its IPO documentation to SEBI in December 2021. The Bengaluru-based firm provides artificial intelligence (AI)-driven cloud-native Software-as-a-Service (SaaS) products and solutions mainly for enterprise clients, aimed at enhancing the loyalty of their consumers and channel partners. As one of the few competitors in the loyalty management sector, the company delivers comprehensive loyalty solutions, including its cutting-edge loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), rewards management platform (Rewards+), and customer data platform (CDP) for its users. With its headquarters in India, Capillary boasts a considerable global presence, maintaining offices in various locations, including the United States, the United Kingdom, the United Arab Emirates, and several Asian nations. As of March 31, 2025, the company serves over 390 brands across more than 45 countries. In Fiscal 2025, Capillary Technologies reported a 13.93% increase in revenue from operations, rising from ₹ 525.10 crore in fiscal 2024 to ₹ 598.26 crore, primarily due to a rise in retainership and other services. The company achieved profitability in fiscal 2025, recording a profit of ₹ 13.28 crore compared to a loss of ₹ 59.38 crore in fiscal 2024. The IPO, which has a face value of ₹ 2 per equity share, includes a fresh issue of equity shares totaling ₹ 430 crore and an offer for sale of 18,331,386 equity shares by current shareholders. The offer for sale includes shareholders selling as follows: up to 14,211,104 equity shares by Capillary Technologies International Pte. Ltd., up to 1,466,583 equity shares by Ronal Holdings LLC, up to 1,833,228 equity shares by Trudy Holdings, up to 759,938 equity shares by Filter Capital India Fund I, up to 10,800 equity shares by Sripathi Venkata Ramana Reddy, up to 24,349 equity shares by Harminder Sahni, up to 10,000 equity shares by Adarsh Reddy B, up to 8,384 equity shares by Sudhakar Reddy Katanguri, up to 3,000 equity shares by Sripathi Damodar Reddy, and up to 4,000 equity shares by Manjunath Nanjaiah. The funds from the fresh issuance, totaling ₹ 120 crore, will be used to cover the costs of its cloud infrastructure; ₹ 151.54 crore will go toward investment in research, design, and development of its products and platform; ₹ 10.32 crore will be allocated for acquiring computer systems for its operations; funds will also be used for growth through unspecified acquisitions; and for general corporate purposes. The book-running lead managers are JM Financial Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited, while MUFG Intime India Private Limited serves as the registrar for the issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Barnama
15-05-2025
- Business
- Barnama
Capillary To Expand Global Loyalty Footprint With Kognitiv Deal
KUALA LUMPUR, May 15 (Bernama) -- Capillary Technologies, an artificial intelligence (AI)-powered loyalty management firm, has acquired Kognitiv, a provider of omnichannel loyalty solutions, in a move to strengthen its global footprint and expand its presence in the North American market. This marks Capillary's fourth acquisition in the loyalty sector since 2021, reinforcing its strategy of growth through mergers and acquisitions, according to a statement. "The acquisition represents a pivotal moment in Capillary's journey to redefine how brands foster customer relationships," said Capillary Technologies Co-founder and Chief Executive Officer (CEO), Aneesh Reddy.
Barnama
15-05-2025
- Business
- Barnama
Capillary Technologies Acquires Kognitiv, Strengthening Global Leadership In Loyalty Management
DALLAS & BENGALURU, India & SYDNEY & SINGAPORE, May 15 (Bernama) -- Capillary Technologies, an AI-powered loyalty management company, today announced the acquisition of Kognitiv, experts in offering intelligent, omnichannel loyalty solutions. This strategic acquisition marks Capillary's fourth investment in the loyalty space since 2021, significantly expanding its global footprint and strengthening its position in the North American market. The acquisition aligns with Capillary's strategy of expansion through mergers and acquisitions. By integrating Kognitiv's innovative solutions, Capillary will enhance its ability to deliver data-driven personalization across the customer lifecycle, enabling marketing effectiveness and consumer engagement for global brands to win customer loyalty.
Time of India
15-05-2025
- Business
- Time of India
Capillary Tech buys assets of customer loyalty services firm Kognitiv
Capillary Technologies, backed by Warburg Pincus, has acquired assets from the bankrupt Canadian firm Kognitiv, expanding its North American presence and gaining access to over 30 enterprise clients. This acquisition marks Capillary's third in North America as it prepares for a public offering later this year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bengaluru-based Capillary Technologies , which provides customer engagement and loyalty software services, said that it acquired certain assets of Kognitiv , a Canadian company that helps clients manage their customer loyalty terms of the deal were had last month filed for protection from creditors under the bankruptcy law in the US, after having accumulated liabilities of more than $10 Warburg Pincus-backed Capillary, which is planning to go public later this year, this is its third acquisition in North company derives more than 60% of its revenue from the US market. The deal will give Capillary access to more than 30 enterprise clients including leading hotel companies in Australia and New Zealand, the UK, Middle East and the US, the company said in a news to sources, Capillary is acquiring a part of Kognitiv's assets without taking its debt Reddy, cofounder and CEO of Capillary Technologies, said: 'Kognitiv's expertise in omnichannel loyalty solutions and their presence in North America complements our global expansion strategy.'For the year ended March 2025, the company reported a 24% year-on-year increase in operating revenue to Rs 598 crore. Capillary turned profitable during fiscal 2025, posting a net profit of Rs 13 crore, against a net loss of Rs 59 crore in FY24, as per its annual November last year, ET reported that Capillary revived its plans for a public issue , through which it could raise as much as Rs 2,000 crore. The company had first filed its draft prospectus with the Securities and Exchange Board of India in December 2021 but then deferred the June 2023, Capillary raised $45 million through a mix of equity and debt from investors including Avataar Ventures and its limited partners, in addition to Pantheon, 57Stars and Unigestion. The round was extended in early 2024 to include secondary transactions, during which Warburg Pincus and American Express partially exited. The round finally closed at $140 Technologies was founded in 2008 by IIT-Kharagpur alumni Aneesh Reddy, Ajay Modani and Krishna Mehra. Modani and Mehra have since moved on from the business, leaving Reddy at the helm. In August 2023, the company elevated senior executives Sridhar Bollam and Ananth Choubey to the cofounder company powers backend loyalty programmes for major corporations and conglomerates such as the Tata Group, Aditya Birla Group, Domino's, Shell, and IndiGo.
