>GermanKity at 05:39, 26 June 2021

2021-06-26T05:39:30Z

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{{Multiple issues|
{{Advert|date=June 2021}}
{{Notability|1=Companies|date=June 2021}}
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{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=July 2018}}
{{Infobox company
| name = Capillary Technologies
| logo =
| logo_size = 200px
| type = [[Privately Held]]
| traded_as = 
| area_served = India, South East Asia, Middle East, Greater China
| key_people = Aneesh Reddy (CEO) Pravanjan Choudhury ([[Chief technology officer|CTO]]) Vikram Bhat ([[Chief Product Officer|CPO]])
| industry = [[Retail]] and Consumer Brands
| revenue = 
| num_employees = 500 (May 2020)<ref name="capillarytech.com">{{Cite web|url=https://www.capillarytech.com/about-us/our-story|title=About Us,Our journey enabling consumer brands|website=www.capillarytech.com|access-date=2018-07-19}}</ref>
| subsid = Capillary Technologies India Private Limited (India), Capillary Solutions FZ-LLC (Dubai) and Capillary Technologies Singapore PTE. LTD.
| footnotes =
| foundation = [[Bangalore]], India ({{Start date|2008|8}}) <ref name=":1" />
| location_city = Singapore
| locations = 14 Offices<ref name="capillarytech.com">{{Cite web|url=https://www.capillarytech.com/about-us/our-story|title=About Us,Our journey enabling consumer brands|website=www.capillarytech.com|access-date=2018-07-19}}</ref>
| homepage = http://www.capillarytech.com
}}
'''Capillary Technologies''' is a software product company, which provides cloud-based [[Omnichannel]] [[Customer engagement|Customer Engagement]], [[E-commerce|eCommerce]] platform and related services for retailers and brands. It is headquartered in [[Singapore]].<ref name=":0">{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=72429397|title=Capillary Technologies Pvt Ltd.: Private Company Information - Bloomberg}}</ref><ref>{{Cite web|url=http://www.warburgpincus.com/investments/capillary-technologies/|title=Capillary Technologies - Warburg Pincus}}</ref><ref>{{Cite news|url=http://www.straitstimes.com/business/companies-markets/warburg-pincus-sets-up-office-in-spore|title=Warburg Pincus sets up office in Singapore - The Straits Times}}</ref>

==History==
Capillary Technologies was founded by Aneesh Reddy,<ref>{{Cite web|url=http://fortuneindia.com/40under40/2015#Aneesh_Reddy_21|title=40 of India's Brightest young Entrepreneurs - Fortune India}}</ref> Krishna Mehra, and Ajay Modani in 2008.<ref name=":0" /> The co-founders are prestigious
alumni of [[Indian Institute of Technology Kharagpur|Indian Institute of Technology, Kharagpur (IIT-KGP)]]. Before founding Capillary, Aneesh worked at ITC Limited; Krishna was with Microsoft Research, and Ajay with Danieli.<ref name=":1">{{Cite news|url=http://articles.economictimes.indiatimes.com/2013-09-14/news/42062488_1_ajay-modani-capillary-technologies-krishna-mehra|title=How Capillary Technologies turned Lehman Brothers collapse into a boom - The Economic Times}}</ref>

Incubated in IIT Kharagpur, Capillary began its operations in Bangalore in August 2008.<ref name=":1" /><ref>{{Cite news|url=http://www.business-standard.com/article/companies/the-iit-that-has-given-birth-to-a-number-of-successful-start-ups-115101800525_1.html|title=The IIT that has given birth to a number of successful start-ups {{!}} Business Standard News}}</ref>

In June 2013 Harvard Business Review used Capillary as a Case for reverse Innovation in Tech Startups.<ref>{{Cite news|url=https://hbr.org/2013/06/reverse-innovation-in-tech-startups|title=Reverse Innovation in Tech Startups: The Story of Capillary Technologies|date=20 June 2013|last2=Deshpande|first2=Sachin|newspaper=Harvard Business Review|access-date=2016-12-08|first1=Vijay|last1=Govindarajan}}</ref>

In July 2016, Capillary expanded its operations to retailers in [[China]]<ref>{{Cite news|url=https://finance.yahoo.com/news/asias-leading-omni-channel-crm-010000205.html|title=Asia's leading omni-channel CRM provider Capillary Technologies expands in China market}}</ref>

In December 2016, Google's Vice President for South East Asia and India, Rajan Anandan joined Capillary as a Board member.<ref>{{Cite news|url=http://www.aninews.in/newsdetail-MA/MjkyMjUw/capillary-technologies-appoints-rajan-anandan-as-newest-board-member.html|title=Capillary Technologies appoints Rajan Anandan as newest board member {{!}} ANI News|archive-url=https://web.archive.org/web/20170202011657/http://www.aninews.in/newsdetail-MA/MjkyMjUw/capillary-technologies-appoints-rajan-anandan-as-newest-board-member.html|archive-date=2 February 2017|url-status=dead}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/small-biz/hr-leadership/leadership/rajan-anandan-joins-the-board-at-capillary/articleshow/56095551.cms|title=Rajan Anandan joins the board at Capillary - The Economic Times}}</ref>

In September 2019, the company signed a partnership pact with Veda Holding, a company based in [[Saudi Arabia]] to form Capillary Arabia.<ref>{{cite news |title=Capillary Technologies signs JV with Saudi-Based Veda Holding |url=https://economictimes.indiatimes.com/tech/internet/capillary-technologies-signs-jv-with-saudi-based-veda-holding/articleshow/71206703.cms |work=The Economic Times}}</ref><ref>{{cite news |title=Capillary Technologies: A SaaS leader rises from Bengaluru |url=https://www.financialexpress.com/opinion/capillary-a-saas-leader-rises-from-bengaluru/1721279/ |work=The Financial Express |date=30 September 2019}}</ref>

==Funding==
* 2008: Capillary was incubated at [[Entrepreneurship Cell, IIT Kharagpur]].<ref>{{Cite web|url=http://ecell-iitkgp.org/portfolio.php|title=Entrepreneurship Cell - IIT Kharagpur|last=Anurag|website=ecell-iitkgp.org|access-date=2016-12-07|archive-url=https://web.archive.org/web/20161211181550/http://ecell-iitkgp.org/portfolio.php|archive-date=11 December 2016|url-status=dead}}</ref>
* 2009: $100,000 from QPrize Business Plan Competition by Qualcomm.<ref>{{Cite news|url=https://www.qualcomm.com/news/releases/2009/09/02/qualcomm-ventures-announces-eight-shortlist-winners-qprize-business-plan|title=Qualcomm Ventures Announces Eight Shortlist Winners for QPrize Business Plan Competition {{!}} Qualcomm|date=2009-09-02|newspaper=Qualcomm|access-date=2016-12-07}}</ref>
* Sep 2012: $15.5 million from [[Sequoia Capital]], [[Norwest Venture Partners]] & [[Qualcomm Ventures|Qualcomm]].<ref>{{Cite web|url=https://www.sequoiacap.com/india/companies/capillary/|title=Capillary Technologies • Norwest Venture Partners|website=www.nvp.com|access-date=2016-12-07}}</ref><ref>{{Cite web|url=https://www.qualcommventures.com/portfolio|title=Portfolio {{!}} Qualcomm Ventures|website=www.qualcommventures.com|access-date=2016-12-07}}</ref><ref>{{Cite web|url=https://techcrunch.com/2012/09/25/social-crm-company-capillary-technologies-raises-15-5m-from-sequoia-qualcomm-and-others/|title=Social CRM Company Capillary Technologies Raises $15.5M From Sequoia, Norwest & Qualcomm|last=Perez|first=Sarah|website=TechCrunch|access-date=2016-12-07}}</ref><ref>{{Cite web|url=https://www.sequoiacap.com/india/companies/capillary/|title=Sequoia - Capillary}}</ref>
* Feb 2014: $4 Million from [[American Express]] in February 2014.<ref>{{Cite web|url=https://techcrunch.com/2014/02/12/with-5m-in-fresh-funding-from-amex-ventures-capillary-wants-to-be-salesforce-of-social-crm/|title=With $4M In Fresh Funding From Amex Ventures, Capillary Wants to be Salesforce Of Social CRM|last=Mishra|first=Pankaj|website=TechCrunch|access-date=2016-12-07}}</ref><ref>{{Cite news|url=http://infoweb.newsbank.com/resources/doc/nb/news/14C1525766F0A890?p%3DAWNB|archive-url=https://www.webcitation.org/6n8UrteWG?url=http://infoweb.newsbank.com/resources/doc/nb/news/14C1525766F0A890?p=AWNB|url-status=dead|archive-date=2016-12-30|title=Archived: Start Singapore|publisher=The Strait Times}}</ref><ref>{{Cite news|url=http://infoweb.newsbank.com/resources/doc/nb/news/14F21C0737F12EA8?p%3DAWNB|archive-url=https://www.webcitation.org/6n8VC84OT?url=http://infoweb.newsbank.com/resources/doc/nb/news/14F21C0737F12EA8?p=AWNB|url-status=dead|archive-date=2016-12-30|title=Archived: S'pore-based CRM start-up bags US$14m Series B funding|publisher=The Strait Times}}</ref>
* Sep 2015: $45 Million from [[Warburg Pincus]], Sequoia Capital and Norwest Venture Partners.<ref>{{Cite news|url=http://articles.economictimes.indiatimes.com/2015-09-02/news/66143937_1_capillary-technologies-warburg-pincus-norwest-venture-partners|title=Capillary Technologies raises $45 million from Warburg Pincus & others - The Economic Times|newspaper=The Economic Times|access-date=2016-12-07}}</ref>

==Acquisitions==
In September 2015, Capillary acquired an eCommerce software platform MartJack.<ref>{{Cite web|url=https://techcrunch.com/2015/09/02/capillary-tech-seriesc/|title=Social CRM Provider Capillary Technologies Raises $45M, Acquires MartJack|last=Shu|first=Catherine|website=TechCrunch|access-date=2016-12-07}}</ref><ref>{{Cite news|url=http://timesofindia.indiatimes.com/business/india-business/Capillary-takes-over-ecommerce-platform/articleshow/46791083.cms|title=Capillary takes over ecommerce platform - Times of India|newspaper=The Times of India|access-date=2016-12-07}}</ref>

In October 2016, Capillary acquired SellerWorx, an eCommerce services and technology company.<ref>{{Cite news|url=http://economictimes.indiatimes.com/articleshow/54668515.cms|title=Capillary Technologies acquires Sellerworx - The Economic Times|newspaper=The Economic Times|access-date=2016-12-07}}</ref>

==References==
{{Reflist}}

==External links==
*{{Website|http://www.capillarytech.com}}
*{{Website|http://www.capillarytech-cn.com/}}

[[Category:Technology companies of India]]
[[Category:Software companies established in 2008]]
[[Category:Customer relationship management software]]
[[Category:Customer loyalty programs]]
[[Category:Companies based in Bangalore]]
[[Category:Software companies of Singapore]]
[[Category:2008 establishments in Karnataka]]
[[Category:Privately held companies of India]]

Capillary Technologies - Revision history

>GermanKity at 05:39, 26 June 2021