NVP, Sequoia lead Series A round for India’s Capillary Technologies

Capillary will use the capital to boost its presence in the US and expand its product portfolio globally. Mohan Kumar of NVP and Shailesh Lakhani of Sequoia will join the company's board.

Capillary was founded in Bangalore in 2008 and initially relied on angel funding before it won the QPrize, a seed competition run by Qualcomm Ventures, which led to its first institutional backing.

The company provides cloud-based software solutions covering end-to-end customer engagement, loyalty programs and customer relationship management. It works with more than 100 brands across 10,000 stores in India, Southeast Asia, the Middle East, South Africa, the UK and the US, including Pizzat Hut, United Colors of Benetton and Nike.

"We have been extremely impressed with the significant number of customers that Capillary has signed up in a relatively short period of time. Capillary's ability to marry ‘social', ‘local' and ‘mobile' with robust behind-the scenes analytics is delivering tremendous value to a wide range of retailers across a number of categories," said Promod Haque, managing partner at NVP.

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• Topics
• Venture
• South Asia
• Technology
• Consumer
• TMT
• Consumer
• India
• Venture
• Sequoia Capital
• Norwest Venture Partners
• Qualcomm Ventures