Template:Infobox company
Capillary Technologies is a software product company, which provides cloud-based Omnichannel Customer Engagement, eCommerce platform and related services for retailers and brands. It is headquartered in Singapore.[1][2][3]
History
Capillary Technologies was founded by Aneesh Reddy,[4] Krishna Mehra, and Ajay Modani in 2008.[1] The co-founders are prestigious alumni of Indian Institute of Technology, Kharagpur (IIT-KGP). Before founding Capillary, Aneesh worked at ITC Limited; Krishna was with Microsoft Research, and Ajay with Danieli.[5]
Incubated in IIT Kharagpur, Capillary began its operations in Bangalore in August 2008.[5][6]
In June 2013 Harvard Business Review used Capillary as a Case for reverse Innovation in Tech Startups.[7]
In July 2016, Capillary expanded its operations to retailers in China[8]
In December 2016, Google's Vice President for South East Asia and India, Rajan Anandan joined Capillary as a Board member.[9][10]
In September 2019, the company signed a partnership pact with Veda Holding, a company based in Saudi Arabia to form Capillary Arabia.[11][12]
Funding
- 2008: Capillary was incubated at Entrepreneurship Cell, IIT Kharagpur.[13]
- 2009: $100,000 from QPrize Business Plan Competition by Qualcomm.[14]
- Sep 2012: $15.5 million from Sequoia Capital, Norwest Venture Partners & Qualcomm.[15][16][17][18]
- Feb 2014: $4 Million from American Express in February 2014.[19][20][21]
- Sep 2015: $45 Million from Warburg Pincus, Sequoia Capital and Norwest Venture Partners.[22]
Acquisitions
In September 2015, Capillary acquired an eCommerce software platform MartJack.[23][24]
In October 2016, Capillary acquired SellerWorx, an eCommerce services and technology company.[25]
References
- ↑ 1.0 1.1 Capillary Technologies Pvt Ltd.: Private Company Information - Bloomberg.
- ↑ Capillary Technologies - Warburg Pincus.
- ↑ Warburg Pincus sets up office in Singapore - The Straits Times.
- ↑ 40 of India's Brightest young Entrepreneurs - Fortune India.
- ↑ 5.0 5.1 How Capillary Technologies turned Lehman Brothers collapse into a boom - The Economic Times.
- ↑ The IIT that has given birth to a number of successful start-ups | Business Standard News.
- ↑ Reverse Innovation in Tech Startups: The Story of Capillary Technologies. Harvard Business Review(20 June 2013). Retrieved 2016-12-08.
- ↑ Asia's leading omni-channel CRM provider Capillary Technologies expands in China market.
- ↑ Capillary Technologies appoints Rajan Anandan as newest board member | ANI News.
- ↑ Rajan Anandan joins the board at Capillary - The Economic Times.
- ↑ Capillary Technologies signs JV with Saudi-Based Veda Holding. The Economic Times.
- ↑ Capillary Technologies: A SaaS leader rises from Bengaluru. The Financial Express(30 September 2019).
- ↑ Entrepreneurship Cell - IIT Kharagpur, Anurag. ecell-iitkgp.org. Retrieved 2016-12-07.
- ↑ Qualcomm Ventures Announces Eight Shortlist Winners for QPrize Business Plan Competition | Qualcomm. Qualcomm(2009-09-02). Retrieved 2016-12-07.
- ↑ Capillary Technologies • Norwest Venture Partners. www.nvp.com. Retrieved 2016-12-07.
- ↑ Portfolio | Qualcomm Ventures. www.qualcommventures.com. Retrieved 2016-12-07.
- ↑ Social CRM Company Capillary Technologies Raises $15.5M From Sequoia, Norwest & Qualcomm, Perez, Sarah. TechCrunch. Retrieved 2016-12-07.
- ↑ Sequoia - Capillary.
- ↑ With $4M In Fresh Funding From Amex Ventures, Capillary Wants to be Salesforce Of Social CRM, Mishra, Pankaj. TechCrunch. Retrieved 2016-12-07.
- ↑ Archived: Start Singapore.
- ↑ Archived: S'pore-based CRM start-up bags US$14m Series B funding.
- ↑ Capillary Technologies raises $45 million from Warburg Pincus & others - The Economic Times. The Economic Times. Retrieved 2016-12-07.
- ↑ Social CRM Provider Capillary Technologies Raises $45M, Acquires MartJack, Shu, Catherine. TechCrunch. Retrieved 2016-12-07.
- ↑ Capillary takes over ecommerce platform - Times of India. The Times of India. Retrieved 2016-12-07.
- ↑ Capillary Technologies acquires Sellerworx - The Economic Times. The Economic Times. Retrieved 2016-12-07.