Capillary Technologies provides customer relationship management (CRM) solutions to retailers and has presence across India, Singapore, Malaysia, Greater China, UK, South Africa, the US, Dubai, Australia and New Zealand.
According to the company's website, its clients include retail giants such as Marks & Spencer, Nike, Puma, Raymond, Peter England and Lifestyle, along with food chains like Pizza hut and Faaso's. "This is a strategic investment as it will help us build deeper inroads into American Express' merchant base. We will initially work with them in the US, Hong Kong, Australia and Singapore. The idea is to start with these four and then expand in other geographies," Aneesh Reddy, co-founder and CEO of Capillary Technologies told Business Standard. He added this is just a 'strategic investment' and the company would look at a much bigger round of funding by the end of 2014 or early 2015 from its existing and new investors. In a Series A funding, Capillary had raised $15.5 million in 2012.