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.