Capillary Technologies records YoY growth by 200%

RetailME Bureau

Capillary Technologies, with a presence in more than 30 countries and providing solutions for consumer businesses to achieve digital transformation, says that it has grown its global business by 200% YoY. It has also elevated Abhijeet Vijayvergiya as its president and managing director, Global Accounts and the Asia-Pacific, based out of Singapore.

In his new role, Vijayvergiya, while continuing to handle sales for sales for the Asia-Pacific, will also shoulder the responsibility to nurture and scale Capillary’s global accounts such as Pizza Hut, KFC, Bata, Asics, VF Brands and Siam Makro.

“Abhijeet is responsible for 3X growth in Southeast Asia business alongside scaling up India. Asia-Pacific countries are strategic markets for us. Abhijeet will play a vital role in growing our Asia-Pacific Business excluding India and China. He will also lead our global accounts segment across all geographies,” says Ganesh Lakshminarayanan, COO, Capillary Technologies.

“Increasingly, our global customers are leveraging our product suite across multiple countries. Brands are unlocking tremendous value with us for many reasons. Firstly, as the brands scale to multiple countries with our product suite based on the AI-powered technology platform, they realise better ROI. Secondly, our co-innovation focused agile delivery model helps brands to launch new ideas across markets in faster time,” adds Ganesh.

Till date, Capillary has raised more than $100 million in funding, including the recent $20 million round. While Capillary has a strong presence in India, South East and the Middle East, it’s looking to further strengthen presence in China and the Middle East, besides penetrating more also into Southeast Asia. It’s opening the second office in China at Guangzhou and then another at Beijing later this year.