# Capillary Technologies

> Capillary Technologies sells managed, cloud-based loyalty infrastructure to large consumer businesses. Its software unifies online and offline customer data, runs rewards and membership programs, predicts behavior, and coordinates personalized engagement across channels. After expanding from its Indian retail roots through acquisitions and long-term enterprise contracts, Capillary listed in India in November 2025 and now reports more than 415 brands across 49 countries.

- **Founded:** 2012
- **Headquarters:** Bengaluru, India
- **Founders:** Aneesh Reddy Boddu (Founder, Managing Director and CEO), Krishna Kumar Mehra (Co-founder and former CTO), Ajay Modani (Co-founder and former COO)
- **Team size:** Approximately 700 employees as of March 31, 2026
- **Products:** Loyalty+, Engage+, Insights+, CDP+, Rewards+
- **Notable:** Named a Leader in The Forrester Wave: Loyalty Platforms, Q4 2025; Capillary says it received 5/5 in 22 of 27 criteria., Listed on BSE and NSE on November 21, 2025., Reported 415+ brands, 20 Fortune 500 customers, 1.9 billion+ consumers and 49 countries as of March 31, 2026.

## Products & services

- **Loyalty+** — Enterprise loyalty program management with tiering, behavior-based rules, gamification, referrals, fraud controls and real-time rewards.
- **Engage+** — Omnichannel campaign and journey orchestration for personalized customer communication.
- **Insights+** — Analytics, segmentation and reporting for customer behavior and loyalty-program performance.
- **CDP+** — A customer data platform that ingests and unifies identity and behavioral data from online and offline systems.
- **Rewards+** — An intelligent rewards marketplace for sourcing and personalizing cashback, vouchers, discounts, card-linked offers and experiences.
- **aiRA** — Capillary's AI layer for audience creation, recommendations, campaign assistance, prediction and loyalty-program optimization.
- **Managed loyalty services** — Program design, implementation, integration, migration, training and operational support sold alongside the platform.

## Achievements

- Named a Leader in The Forrester Wave: Loyalty Platforms, Q4 2025; Capillary says it received 5/5 in 22 of 27 criteria.
- Listed on BSE and NSE on November 21, 2025.
- Reported 415+ brands, 20 Fortune 500 customers, 1.9 billion+ consumers and 49 countries as of March 31, 2026.
- Reported FY2026 operating revenue of ₹7.346 billion and adjusted EBITDA of ₹1.069 billion.
- Won four recognitions connected with customers and employees at the 2025 International Loyalty Awards.
- Completed the acquisition of Mastercard's SessionM business in May 2026.
- Aneesh Reddy received IIT Kharagpur's Distinguished Alumnus Award in 2017.

## Latest updates

- **2026-05** — Reported FY2026 operating revenue of ₹7.346 billion, adjusted EBITDA of ₹1.069 billion and normalized profit after tax of ₹322.8 million.
- **2026-05** — Completed the $20 million base-cash acquisition of SessionM and its Czech subsidiary from Mastercard.
- **2026-02** — Announced the definitive agreement to acquire SessionM, expanding Capillary's North American and global Fortune 500 customer base.
- **2025-12** — Was named a Leader in The Forrester Wave: Loyalty Platforms, Q4 2025.
- **2025-11** — Completed an ₹8.775 billion IPO and began trading on the BSE and NSE on November 21.
- **2025-05** — Completed the acquisition of Kognitiv Solutions, adding North American clients and expertise.

## Links

- Website: https://www.capillarytech.com
- LinkedIn: https://www.linkedin.com/company/capillary-technologies
- Twitter/X: https://twitter.com/capillarytech
- GitHub: https://github.com/Capillary
- YouTube: https://www.youtube.com/@Capillarytech
- Instagram: https://www.instagram.com/capillarytech/
- Facebook: https://facebook.com/capillarytech

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Profile page: https://yespress.io/capillary-technologies
Published by YesPress — https://yespress.io
Last updated: 2026-08-15