Capillary Technologies Gets SEBI Approval for ₹430 Crore IPO

Bengaluru-based SaaS firm Capillary Technologies has received SEBI approval for its ₹430 crore IPO, including a fresh issue and offer for sale. Founded by Aneesh Reddy, Krishna Mehra, and Ajay Modani, Capillary serves 390+ brands, including Tata Digital, with cloud-native loyalty and CRM solutions. Proceeds will fund cloud expansion and R&D. FY25 revenue reached ₹598 crore with ₹14.1 crore profit; total funding stands at $239M.