Avataar-backed Capillary Technologies Lists Publicly, Marking Second IPO from Portfolio

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Ravindra Kirti Founder GGF
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Capillary Technologies, a global customer engagement and loyalty SaaS company, today marked a major milestone with its public listing. The event represents the second IPO from the portfolio of Avataar Venture Partners, reaffirming the firm’s reputation as a VC that backs global technology businesses from India. 

 

Aneesh Reddy (L) Mohan Kumar (R)


Avataar first partnered with Capillary in 2019. Since then, Capillary has evolved into a platform serving global companies. Capillary works with 19 of the Fortune 500 clients/brands (data as of June 2025). 


Mohan Kumar of Avataar Venture Partners said, “This milestone reinforces our belief that India can produce global, publicly-listed leaders built on profitability and governance, such as Capillary and RateGain. It also illustrates the value of a patient-capital mindset in supporting founders through their long-term journeys.” 


Aneesh Reddy, Founder & CEO, Capillary Technologies, added, “Avataar has been more than an investor; they’ve been a long-standing partner through key phases of our scale journey. Their team has been alongside us as we institutionalised the processes required for global expansion. Today’s listing is a new beginning and a validation of the long-term partnership approach that has enabled us to go the distance and reach this milestone.” 


As one of India’s leading funds with over $1 billion deployed, Avataar focuses on partnering with founders at scale as they expand globally and accelerate growth. 


Avataar continues to demonstrate a differentiated model for venture capital in India: building companies for longevity, not valuation, and bridging the gap between private capital and public-market readiness. 

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Ravindra Kirti Founder GGF
Ravindra Kirti Founder GGF
Ravindra Kirti is a well-rounded Marketing professional with an impressive academic and professional portfolio. He is IIM Calcutta alumnus & holds a PhD in Commerce, having written an insightful thesis on consumer behavior and psychology, which informs his deep understanding of market dynamics and client engagement strategies. His academic journey includes an MBA in Marketing, where he specialized in strategic management, international marketing, and luxury retail management, equipping him with a global perspective and a strategic edge in high-end market segments. In addition to his business expertise, Ravindra is also academically trained in law, holding a Master’s in Law with specializations in law of patents, IT & IPR, police law and administration, white-collar crime, and corporate crime. This legal knowledge complements his role as the Chief at Jurislaw Partners, where he applies a blend of legal acumen and strategic marketing. With such a rich educational background, Ravindra excels across a range of fields, from legal marketing to luxury retail, and event design. His ability to interlace disciplines—commerce, marketing, and law—enables him to drive successful outcomes in every venture he undertakes, whether as Chief at Jurislaw Partners, Editor at Mojo Patrakar and Global Growth Forum, Founder of CircusINC, or Chief Designer at Byaah by CircusINC. On a personal note, Ravindra Kirti is not only a devoted pawrent to his pet, Kattappa, but also an enthusiast of Mixed Martial Arts (MMA) and holds a Taekwondo Dan 1. This active lifestyle complements his multifaceted career, reflecting his discipline, resilience, and commitment—qualities he brings into his professional relationships. His bond with Kattappa adds a warm, grounded side to his profile, showcasing his nurturing and compassionate nature, which shines through in his connections with clients and colleagues. Ravindra’s career exemplifies versatility, intellectual depth, and excellence. Whether through his contributions to media, law, events, or design, he remains a dynamic and influential presence, continually innovating and leaving a lasting impact across industries. His ability to balance these diverse roles is a testament to his strategic vision and dedication to making a difference in every field he enters.
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