Capillary Technologies Gets Board Nod For INR 2,250 Cr IPO

AI-based SaaS startup Capillary Technologies plans to raise INR 500 Cr through fresh issuance of shares and INR 1,750 Cr via an offer for sale (OFS) component

This comes months after Inc42 reported in January that Capillary was looking to file its draft red herring prospectus (DRHP) with SEBI by June 2025

Capillary reported a consolidated net loss of INR 59 Cr on an operating revenue of INR 600 Cr in FY24

SaaS startup Capillary Technologies has received approval from its board to raise INR 2,250 Cr (around $263 Mn)…