Capillary Technologies, whose solutions and AI Powered technology platform help businesses get ahead of the digital evolution and stay consumer ready, announced that it has grown its global business by 200% YoY and has elevated Abhijeet Vijayvergiya as its President & Managing Director, Global Accounts and Asia Pacific.
In FY 18, Capillary crossed a landmark 1 Million transactions per day. The number of customer communications per month exceeded 50 million, and the value of annual transactions processed across geos crossed $15 billion in FY18.
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 Middle East, it’s looking to further strengthen presence in China and the Middle East, besides penetrating further into Southeast Asia. The company is opening its second office in China at Guangzhou and then another at Beijing later this year. Capillary is also scaling its operations in developed market such as US and UK with In-store AI products.
“Increasingly, our global customers such as Pizza Hut, VF Brands, KFC, Bata, Asics, Unilever, Siam Makro, to name a few, 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, they realize better ROI. Secondly, our co-innovation focused agile delivery model helps brands to launch new ideas across markets in faster time. Finally, our global Center of Excellence (CoE) set-up helps brands to leverage learnings across countries,” quoted Ganesh Lakshminarayanan, COO, Capillary Technologies.
“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,” added Ganesh.
In the new role, Abhijeet will not only continue to own sales for Asia Pacific but also be responsible to nurture and scale Capillary’s global accounts. He will be based out of Singapore.