Home / Business / India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia

India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia

Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works… Read More

Check Also

SiriusXM to acquire Pandora for $3.5 billion

SiriusXM and Pandora have announced acquisition plans before the stock market opens. SiriusXM is offering to acquire Pandora for $3.5 billion in stock, or $10.14 per share. Pandora would continue to exist as an independent service. For Pandora shareholders, this offer represents a 13.8 percent premium over the volume-weighted average share price of the past 30 days. Both the Pandora board and the SiriusXM board have approved the plan. But the transaction isn’t going to happen right away. As part of the deal, Pandora negotiated a "go-shop" provision, which means that Pandora’s board can still evaluate other offers. The acquisition is expected to close in the first quarter of 2019. The announcement says that SiriusXM plans to leverage both services to cross-promote the other service. For instance, you could see references to SiriusXM shows while listening to Pandora. And SiriusXM hosts could suggest downloading the Pandora mobile app. The company also plans to create subscription packages that could include SiriusXM radios as well as a Pandora premium subscription. SiriusXM also plans to make you listen to Pandora in your car as SiriusXM is already widely available in American cars. Pandora shares are currently up 8.58 percent to $10.65 in pre-market trading. SiriusXM shares are currently trading at $6.89 (down 1.29 percent) in pre-market trading. Pandora has been a public company since 2011 but has consistently lost money. The company bet very early on music streaming with an innovative interest-based smart radio format. That was before Spotify, before Apple Music, before SoundCloud, before smartphones. While Pandora currently has over 70 million monthly active listeners, the vast majority of them aren’t premium subscribers. Pandora only has around 6 million paid subscribers — Spotify has 83 million paid subscribers. Paid subscribers tend to boost the average revenue per user. But the company never quite figured out how to convert those free users into subscribers.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.