- Truecaller Acquires Indian Payments App Chillr, Launches Truecaller 2.0 Truecaller has acquired Indian payments app Chillr to strengthen its payments business in the country. With this acquisition, Truecaller is looking to roll out Truecaller 2.0, wherein it will offer credit and other financial services to Indian users in the coming months. Post acquisition, the founders of Chillr, Sony Joy, Anoop Sankar, Mohamed Galib and Lishoy […]
- News Roundup: 10 Indian Startup Stories You Don’t Want To Miss This Week [3 April – 8 April] All in all, it was an interesting week for the Indian startup community with two companies declaring profitability. Nine-year-old Zomato released a short form unaudited annual report for FY2017. The company stated that it has witnessed an 81% drop in the annual operating burn for FY17 at $12 Mn compared to the $64 Mn in […]
- HDFC Launches UPI On Chillr – P2P Payments App Expects Monthly Transaction Value To Hit $1 Bn Banks plus fintech is better than banks versus fintech. This seems to be the mantra behind the ever-increasing collaboration between banks and fintech startups. HDFC Bank took yet another step in this direction and launched the Unified Payment Interface (UPI) on peer-to-peer payments app Chillr. Consequently, the HDFC bank UPI will now be available on […]
- The Long Road To A Cashless India: Are Indian Fintech Startups Ready? [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] In the seventeenth century, Sweden became the first European nation to print paper money. Come the 21st and it looks like it could be one […]
- Amidst Funding Slowdown, There Is Definitely A Lot Of Cash, Investment Pace Is Picking Up Again – Sanjay Nath of Blume On Closing Fund II at $60 Mn Early stage technology investor, Blume Ventures has marked the final close of its second fund at $60 Mn. The Mumbai-based firm had initially planned to raise $50 Mn when it was announced in early 2014 but decided to increase the size later. Last December, it announced the first close of $30+ Mn for the fund. […]
- RBI Governor Unveils UPI For Smartphones – India’s Answer To PayPal In a move designed to make cashless payments in India a certainty, RBI Governor Raghuram Rajan unveiled UPI – Unified Payment Interface. The app is launched to help simplify peer-to-peer transactions. This app has been launched by the RBI in conjunction with the National Payments Corporation of India (NPCI). With UPI, users can make transactions […]
- Meet The 30 FinTech Startups Shortlisted By HDFC Bank For Digital Innovation Summit In order to create a platform for encouraging innovation in the FinTech space, HDFC is organising a Digital Innovation Summit on March 3-4, 2016. About 30 Fintech startups have been shortlisted to showcase their ideas from the 105 applicants. The final top three startups will be announced next week after evaluation by the internal team […]
- The Eureka Moment Stories Behind The Names Of 36 Indian Startups You Know Centuries ago, Shakespeare had said, What’s in a name? That which we call a rose, By any other name would smell as sweet. And centuries later, every James Bond movie still has the classic line, The name is Bond.. James Bond. While Shakespeare extolled the meaninglessness of names when it came to love, James Bond’s […]
- Chillr Closes Its Series A Round At A Cool $7 Mn From Sequoia, Blume & Others Fintech startup Chillr, a peer-to-peer payments app, has closed its Series A round of funding with $7 Mn. The round saw participation of Blume Ventures, Uniqorn Ventures, Sequoia Capital and others. Chillr had raised $6 Mn of the money for this round in October this year and was looking to raise another $1-1.5 Mn before […]
- Calling Itself As Chillr, This FinTech Startup Has Facilitated $38 Mn Worth Of Transaction In Just Over A Year Imagine a scenario where your roommate acts like a complete jerk and moves out the house without informing you. And on top of that, he asks to cough up his share of the security amount. Fuming in anger, you just want to throw the money onto his face and get over with it. However, on […]
- Funding Galore: Startup Fundings Of The Week [28 September – 03 October] Alibaba Group Holding and its affiliate, Ant Financial Services Group, announced an undisclosed amount of investment in One97 Communications, the parent company of Paytm. According to sources, Alibaba has invested over $830 Mn in this round against 30% stake. On the other side, Didi Kuaidi confirmed its investment in cab hailing company Ola. Ola was […]
- Chillr App Gets A Cool $6 Mn Backing From Sequoia As FinTech startups are fast gaining traction, many investors are shifting their focus on them. The most recent case being the VC firm Sequoia investing $6 Mn in Backwater Technologies, the startup behind Chillr app, in a Series A funding round. The app allows users to transfer money to their contacts in their phonebooks. The round […]