Capillary Technologies, a Singapore-based provider of cloud-based software solutions for retailers to engage with their customers, closed a $45m Series C round of financing.
The round was led by an affiliate of private equity firm Warburg Pincus with participation from existing investors Sequoia Capital and Norwest Venture Partners.
The company intends to use the funds to expand its offerings to enable clients to develop an omni-channel view of their customers, both organically by broadening its product suite, as well as inorganically via the acquisition of MartJack*.
Led by Aneesh Reddy, co-founder and CEO, Capillary offers a cloud-based platform for retail marketers to engage with their customers, by capturing and analyzing customer data, and enabling targeted customer communications to increase loyalty and engagement. Its solutions are used by more than 170 major brands across 20,000 stores, serving over 150 million consumers primarily in Asia, including India, South East Asia, China and the Middle East.
Customers include industry leaders such as Pizza Hut, KFC, Puma, United Colors of Benetton, Pantaloons, Arvind Brands, Madura Garments, Red Tag, Bata, Courts, Lee and Timberland.
*Led by Founder and CEO Abhay Deshpande, MartJack provides a multi-channel commerce platform serving over 250 companies, including major global brands such as Walmart, Unilever, Future Group, Lulu, Clarks, Body Shop and Aramex.