Sun, Apr 23, 2017 | updated 09:24 PM IST

Capillary Technologies acquires SellerWorx to strengthen product portfolio

Updated: Oct 04, 2016 13:50 IST      
Capillary Technologies acquires SellerWorx to strengthen product portfolio

New Delhi [India], Oct 4 (ANI): Capillary Technologies, an Omni-channel Engagement and Commerce Platform company has announced that it has acquired Sellerworx, to fortify its omni-channel product portfolio.

Sellerworx is an omni-channel order and marketplace management product company enabling brands and retailers to become successful on online marketplaces.

The company provides cloud based software for retailers and provides e-commerce business incubation and support.

From listing and cataloging to optimizing inventory across multiple channels, Sellerworx has a suite of tools and services which enable retailers to leverage online marketplaces. The key outcomes Sellerworx drives are one touch access to online marketplaces, single view of inventory across channels and orchestrated multi-channel order fulfillment.

Priceworx product, which has intelligent pricing algorithm using the sellers are able to set different pricing strategies based on business rules to maximize profits or revenue.

"We are an Asia-focused Omni-channel Engagement and Commerce Platform company bellwether committed to solve the present and future problems (opportunities) for retailers and brands. Our aim is to help our clients increase online revenue channels alongside the offline business growth we currently help with. A year ago we had a bunch of products in consumer engagement space," said CEO and Co-founder Capillary Technologies, Aneesh Reddy.

"We acquired MartJack to help brands to go omni-channel. We have done better than expected in this possibility with multimillion USD revenue addition in a year's time," added Reddy.

"We weighed different options to build v/s buy. To go full steam in the burgeoning market, time to market is key and we wanted to launch this product as quickly as we can. On other hand, we evaluated Sellerworx product and met the team who has tremendous knowledge in this space. Finally, we have decided to acquire Sellerworx," he added.

"Capillary-Sellerworx is a great match of vision, culture and product proposition. This unique combination helps us fully meet requirements of enterprises in building integrated, scalable and robust omni-channel businesses. With Capillary's enviable list of customers, the acquisition will help Sellerworx accelerate deployment of its products across countries enabling businesses leverage demand generation ability of online marketplaces," said CEO and Co-founder Sellerworx, Venkat.

Firstly from e-commerce perspective, brands / retailers can scale online sales and reach the five ten percent online sales/overall sales benchmark-through seamlessly getting access to marketplaces along with own brand store front. Overall, retailers can increase customer reach, engagement, sales, LTV across in-store, web, mobile, mobile app, social and marketplace channels. (ANI)

New Delhi [India], Apr. 23 (ANI-BusinessWireIndia): We welcome the PMO's intervention on the National Medical Device Policy (NMDP). We are thankful that the Government has acknowledged the importance of FDI (Foreign Direct Investment) in this sector and is now further consolidating the gains it has already made in this regard post bringing the FDI on automatic route. We are also hopeful that before the finalisation of the NMDP, MedTech associations like Medical Technology Association of India (MTaI) are also consulted.

Full Story >>

Jakarta [Indonesia]/Bangkok [Thailand]/Singapore City [Singapore], April 22 (ANI): Japan's Shimizu Corporation has a history of over 200 years in building safe and reliable infrastructure, protecting these structures against natural disasters, and promoting the concept of environmental sustainability.

Full Story >>

New Delhi [India], Apr 22 (ANI): eShopbox an end to end ecommerce service provider has now on-boarded with Affiliate fulfillment program of all three major ecommerce players like Amazon, Flipkart and Snapdeal.

Full Story >>

New Delhi [India], Apr 22 (ANI-NewsVoir): Mindmine Summit, one of India's most influential ideas exchange platforms organized by the Mindmine Institute, an independent think tank set up by Hero Enterprise concluded its 11th edition in the national capital today.

Full Story >>

New Delhi [India], Apr 22 (ANI): The Indian Exhibitions, Conferences and Events Services Association (IESA), an apex organisation working towards the development of the exhibitions, conferences and events services sector in India, in collaboration with key industry bodies, government organisations including Department of Commerce, Ministry of Commerce & Industry, Government of India, Confederation of Indian Industry (CII), and Services Export Promotion Council (SEPC), organised the second edition of the India Expo Summit 2017 at the India Expo Centre and Mart, in Greater Noida, Uttar Pradesh.

Full Story >>

New Delhi [India], Apr 22 (ANI): Hotelbeds Group, a global bedbank and business-to-business provider of services to the travel industry on Friday announced plans for GTA to join its Bedbank business unit.

Full Story >>

New Delhi [India], April 21 (ANI-Businesswire India): Next week the United Nations Global Compact will bring together over 300 leaders from business, finance, civil society, Government and the UN in New Delhi for its flagship regional event Making Global Goals Local Business - India. Taking place on 26 - 27 April at the Le Meridien Hotel, the forum will focus on advancing responsible business practices and catalyzing innovative business models to meet the Sustainable Development Goals (SDGs) in India and across the world.

Full Story >>

Mumbai [India], April 21 (ANI-Businesswire India): The EDPMS (Export Data Processing and Monitoring System) which has been introduced by the Reserve Bank of India (RBI) to monitor payments against export bills requires all banks to report in this system details of the export proceeds realization pertaining to the shipping bills filed after February 28, 2014.

Full Story >>

Service charge not mandatory now: Centre

Updated: Apr 21, 2017 17:44 IST

New Delhi [India], April 21 (ANI): Approving the guidelines on service charge, the Centre on Friday announced that service charge is completely voluntary and not mandatory.

Full Story >>

New Delhi [India], Apr 21 (ANI): The Central Board of Direct Taxes on Friday announced the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana (PMGKY) open for declarations up to March 31.

Full Story >>

New Delhi [India], Apr 21 (ANI): India's first unified technology based platform for startups IvyCamp has announced their partnership with leading corporates to offer the startups on its platform, complimentary and discounted packages for solutions that include technology credits, marketing, accounting, communication, and productivity solutions.

Full Story >>

New Delhi [India], Apr 21 (ANI-NewsVoir): Van Heusen, India's fashion forward power dressing brand from Aditya Birla Fashion and Retail Limited forayed into the Rs. 7000 crore men's Innerwear and Athleisure market in September 2016.

Full Story >>

New Delhi [India], Apr 21 (ANI-NewsVoir): NH Studioz, an initiative of Narendra Hirawat and Co. has successfully bagged the distribution rights of upcoming Bollywood movie Half Girlfriend.

Full Story >>

New Delhi [India], Apr 21 (ANI): India's leading integrated mobility conglomerate Formula Group has launched Formula2Ride, an in-demand self-drive car rental service platform.

Full Story >>

New Delhi [India], Apr 21 (ANI): A division of United Technologies Corp., Pratt & Whitney has announced today the certification of its customer training center in Hyderabad by the Directorate General of Civil Aviation, which is the Indian civil aviation regulator.

Full Story >>

New Delhi [India], Apr 21 (ANI-BusinessWireIndia): Before the digital era began, home loan processing was very unpredictable. However, with digitization, a whole new world of instant credit and instant loans was formed.

Full Story >>

New Delhi [India], Apr 21 (ANI): India's leading mobile balance management app True Balance in its report has revealed that the amount of data re-charged in India has now skyrocketed over 1GB.

Full Story >>

Payworld making rural India digitally equipped

Updated: Apr 21, 2017 11:55 IST

New Delhi [India], Apr 21 (ANI): Use of cash does not need education or customization. Currency enjoys the advantage of being universally recognized and accepted from time immemorial. It is an advantage that will always remain.

Full Story >>

New Delhi [India], Apr 21 (ANI): A report published by the Internet and Mobile Association of India (IAMAI) and Nielsen ranked Delhi number one regarding overall Internet readiness, overtaking last year's winner Maharashtra.

Full Story >>

New Delhi [India], Apr 21 (ANI): Warehousing giant Embassy Industrial Parks on Thursday announced the construction of a grade 'A' quality industrial and warehousing facility in its newly acquired property in Gurugram, Haryana.

Full Story >>