Capillary was started by Krishna Mehra, Aneesh Reddy and Ajay Modani in 2008. The three co-founders are alumni of Indian Institute of Technology, Kharagpur.
Capillary Technologies, a Bangalore based SaaS-based CRM solutions provider is planning to raise investment from Singapore-based investment company Temasek Holdings and other existing investors. According to various media reports, the amount is speculated to be around $80 million.
Temasek, a shareholder and investor owns and manages a net portfolio of $223 (Singapore dollar) billion. Its portfolio covers a broad spectrum of sectors including financial services, telecommunications, media and technology, transportation and industrials, life sciences, consumer, real estate, as well as energy and resources. Temasek has 11 offices globally and in 2014 opened new offices in London and New York.
“As a matter of policy, Temasek does not comment on market speculation and rumours,” an official from Temasek told Entrepreneur India.
Capillary was started by Krishna Mehra, Aneesh Reddy and Ajay Modani in 2008. The three co-founders are alumni of Indian Institute of Technology, Kharagpur (IIT-KGP). Before starting Capillary, Reddy has worked at ITC Limited; Krishna with Microsoft Research and Ajay with Danieli. Incubated in IIT Kharagpur, Capillary began its operations in Kolkata and moved to Bangalore in May 2009.
Capillary got its first client, Indus League brand John Miller in April, 2009. In September 2009, Capillary received a funding of $100,000 as the winners of QPrize in 2009, a global business plan contest conducted by Qualcomm. By September 2010, Capillary’s solutions were live in 2000 stores across India.
From 10 employees in 2009 and 30 employees in 2010, Capillary has grown to a 220 plus strong team (as of July 2013). The company has more than 140 major brands worldwide, reaching over 70 million consumers across 10000+ stores.
In September 2009, Capillary received a funding of $100,000 from Qualcomm Ventures. Capillary has also raised funds from a group of angel investors, including the high profile angel investor Rajan Anandan, Head of Google India; Venkat Tadanki, CEO of Secova; and Harminder Sahni, founder of Wazir Advisors.
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