Mobile payment app Chillr raises $6 mn from Sequoia Capital, others

Users can send money to people in their address book without knowing the recipient's account details

Kerala-based Chillr, a multi-bank mobile payment and recharge app, has raised $6 million in Series-A funding from Sequoia Capital and other investors. 

The company was set up in December 2014 with a seed funding of $1 million from the parent company, MobMe Wireless Solutions (MobME).

MobME also runs the Startup Village, in which Infosys' Kris Gopalakrishnan is an investor.

Currently MobME is headquartered in Kochi and has incubated multiple products in the fin-tech space. 

Chillr's app allows users to send money instantly to anyone in their phone book without having to know the recipient's account details. It has two banks as partners including Bank of Baroda and HDFC Bank.

 

Chillr claims that two lakh users have linked their bank accounts through the app. It also claims to have hit the Rs 18-crore mark in transaction value.