"Continued funding by both Sequoia and NVP is a vote of confidence in our vision and continued traction in the marketplace. Retailers realise a 15 percent increase in average basket value and 30 per cent increase in their customer retention rate by implementing our solutions, which is the reason we continue to grow so rapidly around the world," Capillary Technologies co-founder and CEO Aneesh Reddy said.

Along with the funding announcement, the company said it has also added a new partner Agilysys.

Agilysys is a developer and marketer of proprietary enterprise software, services and solutions to the hospitality industry and operates in North America, Europe and Asia.

"We are excited to have them on board and our partnership will allow us to bring innovative solutions to companies of all sizes in the hospitality industry," Capillary Technologies Vice President (APAC) Anant Choubey said.

Its new customers include Marks & Spencer, KFC, Lacoste, Keedo and Courts. Its platform powers more than 150 major brands across 10,000 retail locations to consumers across the U.S. the UK, Middle East, South Africa and the Asia-Pacific region.
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