Home Retail Bangalore-based Capillary Technologies Raises Rs 84 Crore Funding from Sequoia & Norwest

    Bangalore-based Capillary Technologies Raises Rs 84 Crore Funding from Sequoia & Norwest

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    Bangalore-based Capillary Technologies has received a funding of Rs 84 crore from Sequoia Capital and Norwest Venture Partners, according to a leading daily. The deal will value the company at over Rs 600 crore. Capillary assists retailers like Benetton, Puma, , and to understand and predict the shopping behaviour of customers.

    The funds will be used by the customer intelligence and engagement start-up to strengthen its cloud-based marketing platform and also expand its retail partnership globally.

    Capillary Technologies has already tied-up with Blue Label Engage in South Africa and the Global Merchant Services business. As of now, it has raised a total funding of over Rs 180 crore from Sequoia, Norwest and .

    The company also tied-up with Georgia-based Agilysys which operates across Europe, North America, and Asia.