Blume Ventures, Uniqorn Ventures and Sequoia Capital invest in Chillr

▤ Summary

Chillr had announced the Series A funding round which was led by Sequoia Capital in October. Chillr was initially incubated by MobME Wireless Solutions Ltd as a product, however post development, it was spun off as an independent entity in December 2014. Note that in January last year, MobME Wireless has postponed its IPO plans and raised $3 million in angel funding instead. Other players in the peer-to-peer money transfer space – ICICI Bank introduced a digital payments product for mobiles, which integrates a digital wallet, a physical prepaid card and a basic savings bank account called Pockets in February. The wallet allows users to send money to any e-mail id, mobile number , friends on Facebook and even bank accounts directly.

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