Indian SaaS startup Capillary Technologies grabs $45M to expand globally

Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement, has raised $45 million in a funding round, as it plans to expand into global markets and widen its reach through mergers and acquisitions. The funding arrives at a crucial time amidst the prevailing market slowdown, where startups, particularly those at the late stage, are facing a capital crunch.
Capillary’s Series D funding round was led by Avataar Ventures and its LPs Pantheon, 57Stars and Unigestion. It also saw participation from Filter Capital and Innoven Capital. Th

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