Saturday, 21 June, 2025

Capillary’s DRHP Flags Rising Competition and AI Disruption Ahead of IPO

Capillary Technologies’ Draft Red Herring Prospectus, filed June 18, 2025, highlights intensifying competition for enterprise customer acquisition and retention, fueled by evolving market dynamics and AI-driven disruptions. The Bengaluru-based loyalty and engagement SaaS provider also warns that macroeconomic uncertainties could complicate sustained growth. The company is seeking ₹430 crore through its IPO to bolster R&D, pursue strategic acquisitions.