Capillary Technologies: SaaS Firm, Founded by Aneesh Reddy, Krishna Mehra, and Ajay Modani, Raises ₹394 Cr Anchor Investment Before IPO
What is the news?
Indian-origin founders Aneesh Reddy, Krishna Mehra, and Ajay Modani are continuing to showcase excellence as their SaaS company, Capillary Technologies, announced a successful pre-IPO anchor funding round. The company secured ₹393.7 crore (approximately ₹394 Cr) from a consortium of 21 investors, including major global financial institutions like Amundi Funds and HSBC Global Investment Funds.
This substantial funding news ahead of its upcoming IPO underscores the massive global investor appetite for high-growth tech companies led by the founders community. This strategic investment positions the company strongly for its public debut.
Why is it interesting?
Capillary Technologies is a testament to the thriving Indian ecosystem building world-class enterprise solutions. The company provides cloud-native loyalty, CRM, and customer engagement solutions to over 390 brands across a staggering 46 countries, including global giants and domestic champions.
The company also recently turned profitable, reinforcing its strong business model and global reach. This achievement not only highlights the company’s success but also reinforces India’s growing role as a source of intellectual capital and innovation for the global technology landscape.
Read more: Capillary Technologies raises Rs 394 Cr from anchor investors