Chillr recently raised $5 million from Seqouia Capital.
Chillr App allows users to send money to any contact in phone books.
Lenders taking up incubator-style roles with small investments in start-ups
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.