Capillary Technologies
 | |
| "Customer Engagement Solutions" | |
| Industry | Retail and Customer facing Businesses |
| Founded | Bangalore, India (August 2008) |
| Headquarters | Singapore |
Number of locations | 0 Offices |
Area served | India, Dubai, United Kingdom, United States of America, South Africa, Singapore, Malaysia, Greater China, Australia & New Zealand |
Key people | Krishna Mehra, Aneesh Reddy |
Number of employees | 410 (Mar 2014) |
| Subsidiaries | Capillary Solutions FZ-LLC (Dubai), Capillary Technologies Ltd (UK) and Capillary Technologies Singapore PTE. LTD. |
| Website | http://www.capillarytech.com |
Capillary Technologies is an information technology company headquartered in Bangalore, India. Established in 2008,[1] Capillary is present in India, Singapore, Malaysia, Greater China, United Kingdom, South Africa, United States of America, Dubai, Australia and New Zealand .[1]
History
Capillary was started by Krishna Mehra, Aneesh Reddy and Ajay Modani in 2008.[1] The three co-founders are alumni of Indian Institute of Technology, Kharagpur (IIT-KGP). Before starting Capillary, Aneesh 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 USD100,000 as the winners of QPrize[2] 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+ strong team (as of July 2013).[1] The company has more than 140 major brands worldwide, reaching over 70 million consumers across 10000+ stores.[1]
Funding
Capillary started with a funding of 1,00,000 Indian rupees by the co-founders themselves. It later received a funding of 15,00,000 rupees from Entrepreneurship Cell, IIT Kharagpur[1] In September 2009, Capillary received a funding of $100,000[2] from Qualcomm Ventures.[3] 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.[4]
Products
Capillary provides a vaguely-defined product called "end-to-end customer engagement solutions" to retailers and consumer facing businesses.[5]
Subsidiaries
In 2011, Capillary has expanded its operations to Dubai, United Kingdom and Singapore. Capillary’s international operations are run under its subsidiaries Capillary Solutions FZ-LLC (Dubai), Capillary Technologies Ltd (UK) and Capillary Technologies SG PTE. LTD.[6]
Awards
- QPrize 2009 – India Winner[2]
- TiE Entrepreneurial Excellence Award[7]
- NASSCOM EMERGE 50 – League of Ten[8]
- Techcircle Fastrack 2012[9]
- Forbes 12 hidden gems 2013[10]
References
- 1 2 3 4 5 6 "The amazing success story of an Indian garage start-up" Rediff News
- 1 2 3 "Capillary Technologies secures $100,000 in seed funding" Silicon India
- ↑ "Qualcomm Ventures Portfolio"
- ↑ "Angel-backed Cloud Start-Up Taps Retail SMEs For Growth" VC Circle
- ↑ "Kirana On The Cloud"Businessworld
- ↑ "The Capillary Story"
- ↑ "Creating a bigger aura for start-ups" CIOL
- ↑ "Global Spotlight on Indian Technology Product Start-Ups" Economic Times
- ↑ "India's Hottest Startups: Announcing Techcircle Fastrack 2012 Winners" Techcircle.com
- ↑ "Forbes India 12 Hidden Gems forbesindia.com