Capillary Technologies India Ltd IPO

Last Updated: 24 July 2023 5:09 PM by 5Paisa

Capillary Technologies is a technology first company, and they offer artificial intelligence-based cloud-native SaaS products and solutions, like automated loyalty management and customer data platforms. These enable large companies to develop loyalty among their customers and channel partners. 
Capillary is the market leader in the Asia-Pacific region in terms of loyalty management, with a 39% market share, in FY20. In September 2021, they acquired Persuade Group and expanded into The United States of America. They have a large amount of intellectual property and focus on developing it and currently hold 38 trademarks and 8 patents.
They serve over 250 brands across various countries like India, UAE, Saudi Arabia, Singapore, Malaysia, Indonesia, Thailand, USA and China, as of 31 October 2021. They also have 8 offices and serve more than 30 countries. Large enterprises have been increasingly adopting Capillary’s platform. They have processed over 1,975.27 million transactions in FY21 and as of 31 October 2021, they had served around 875 million users. 
Their promoter acquired Reasoning Global Eapplications Pvt Ltd and Sellerworx Online Services Pvt Ltd, in FY16 and FY17, and combined them to form Martjack- renamed as Anywhere Commerce+. This business provides companies with an endless aisle- like solution which enables various brands to sell inventory which is located at stores and warehouses on platforms like their respective websites and marketplaces. 
 

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