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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/31\/capillary-technologies-funding-series-d\/<\/a><\/br> Capillary Technologies<\/a>, an Indian SaaS startup that offers solutions for loyalty management and customer engagement, has raised $45 million in a funding round, as it plans to expand into global markets and widen its reach through mergers and acquisitions. The funding arrives at a crucial time amidst the prevailing market slowdown, where startups, particularly those at the late stage, are facing a capital crunch.<\/p>\n Capillary\u2019s Series D funding round was led by Avataar Ventures and its LPs Pantheon, 57Stars and Unigestion. It also saw participation from Filter Capital and InnoVen Capital. The round comprises $40 million in equity and about $5-$7 million in debt. With the latest capital injection, the startup has raised nearly $150 million in capital to date.<\/p>\n Founded in 2012, Capillary Technologies initially focused on the retail vertical<\/a> in India and Southeast Asia. In recent years, it has broadened its offerings and launched in more markets, including the Middle East and South Africa, and since early 2021, the U.S.<\/p>\n Capillary is carving a distinctive niche in the market with its emphasis on gamification to bolster customer loyalty, a strategy it says it has been able to deploy across commerce, retail, aviation and hospitality sectors.<\/p>\n The Bengaluru-based startup\u2019s suite of technology-driven, cloud-native solutions has helped it attract a number of clients. Already, it has collaborated with over 250 brands across 30 countries, powering more than 100 loyalty programs. High-profile clients include Domino\u2019s, Tata Group, Puma, Shell, Petron and Marks & Spencer. Capillary\u2019s tech reaches over a billion customers and clocks over 5 billion transactions annually.<\/p>\n \u201cThe way most of our competitors in the U.S. and elsewhere have built in as like a services business where customers ask you something, and you build it. On the other hand, we have taken a very product view to it,\u201d Capillary Technologies founder and managing director Aneesh Reddy said in an interview.<\/p>\n Just over a couple of years after entering the U.S. and acquiring the customer experience startup Persuade, Capillary\u2019s business has grown by 3.5x, the startup said, without disclosing specific numbers. It also says the U.S. now accounts for more than a third of its revenues.<\/p>\n
\nIndian SaaS startup Capillary Technologies grabs $45M to expand globally<\/br>
\n2023-06-01 22:34:54<\/br><\/p>\n