Bengaluru-based People familiar with the development told Economic Times that the seven-year-old software maker firm is in advanced talks to raise about $45 million in funding led by private equity firm
On the condition of anonymity, one of the persons told the financial daily that Warburg is leading quite a big round.
Reportedly, the valuation of Capillary Technologies’ after its third round of institutional fundraising is estimated to be $170-180 million (Rs 1,080-Rs 1,140 crore).
Capillary, which has been founded by IIT Kharagpur graduates, has so far raised Rs 180 crore from investors including Sequoia Capital India, Norwest Venture Partners, Qualcomm Ventures and American Express Ventures. The firm's previous fund-raising round in July 2014 valued it at around Rs 600 crore.
Meanwhile, both Capillary Technologies and Warburg Pincus spokespersons declined to comment.
Apart from software, Capillary also provides a point-of-sale tablet solution for staff at stores to capture customer visits, social media interaction and transactions, and personalise offerings to buyers.
ET reported that this year, large investments were focused on consumer internet segments like e-tailing and online-to-offline businesses, and sectors like software have mostly lagged, with the exception of Freshdesk ($50 million), Manthan ($60 million) and now Capillary.