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Capillary Technologies board approves Rs 2,250 crore IPO

  • Capillary Technologies has received board approval for a Rs 2,250 crore IPO, becoming a potential milestone for India’s enterprise SaaS sector.
  • The public offering will include a fresh issuance of shares worth Rs 500 crore and an OFS of Rs 1,750 crore, providing an exit opportunity for long-term backers.
  • Capillary Technologies, founded in 2008, offers AI-powered customer engagement solutions, serves clients in over 30 countries, and has reported significant revenue growth.
  • The IPO filing follows Capillary's recent acquisition of Canadian loyalty platform Kognitiv, further strengthening its global presence in the omnichannel loyalty market.

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