About Chillr
Chillr is a company based in Kochi (India) founded in 2014 by Mohamed Galib. Chillr has raised $9.3 million across 4 funding rounds from investors including Mobme, Uniqorn Ventures and Sequoia Capital. Chillr operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Kochi, India
- Founders Mohamed Galib
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website chillr.com
- Social LinkedIn X Facebook
- Legal Name Backwater Technologies Private Limited
- Date of Incorporation 22 Dec, 2014
- Jurisdiction Ernakulam, Kerala, India
- Annual Revenue₹24.4 Lakh
FY 2025 · +220% YoY
- Net Profit₹6.7 Lakh
FY 2025 · 27% margin
- EBITDA₹6.7 Lakh
FY 2025 · 27% margin
- Total Equity Funding$9.3M (USD)
in 4 rounds
- Latest Funding Round$699.11K (USD), Series A
Feb 2018
- InvestorsMobme
& 7 more
Associated legal entities of Chillr
Chillr operates through Backwater Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Backwater Technologies Private Limited CIN U72200KL2014PTC037700 | Active | 22 Dec 2014 | Cochin North, Kerala | ₹0.2 Cr | 1 | 3 | View details |
Funding Insights of Chillr
Chillr has successfully raised a total of $9.3M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $699.11 thousand completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $9.3M
- Total Rounds 4
- Last Round Series A — $699,111
- First Round $1M
(Dec 2014)
- Investors Count 8
All 4 funding rounds of Chillr with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $699,111 | Series A | $20.08M | Sequoia Capital, Blume Ventures | |
| May 2016 | $251,711 | Angel Round | $27.43M | Kunal Naresh Shah | – |
| Oct 2015 | $7.34M | Series A | $••••• | Sequoia Capital, Blume Ventures | |
| Dec 2014 | $1M | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2018 | $20.08M | •••••••• |
| May 2016 | $27.43M | •••••••• |
| Oct 2015 | $••••• | •••••••• |
Full valuation and stage history of Chillr
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $20.08M (Feb 2018). 8 investors in total: 5 institutional and 3 angel.
Investors in Chillr
Chillr has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mobme, Uniqorn Ventures and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Seed and early-stage investments are made across sectors in India. | – | blume.vc | Mumbai, India | |
Early-stage centric tech-focused venture capital firm investing primarily in India | 2015 | uniqornventures.com | Bengaluru, India | |
Connections between startups and investors are facilitated by a platform. | – | 3fventures.com | Singapore, Singapore | |
Network & mobile solutions | 2006 | mobme.in | Kochi, India | |
KS Kunal Shah | Founder of CRED, serial entrepreneur, and prominent Indian angel investor | – | unknown_24fccbda522a4a98b | - |
IN Indu Nair | - | – | unknown_bd579abf1f5e40ca9 | - |
NT Neetu Thomas | - | – | unknown_5c8c854bbc6e4a479 | - |
Investor details for Chillr
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Board of directors of Backwater Technologies Private Limited (Chillr)
Backwater Technologies Private Limited is the primary company behind Chillr. The board of Backwater Technologies Private Limited currently have 2 directors; the longest-serving is Rishit Jhunjhunwala, appointed in 2022. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishit Jhunjhunwala DIN 00045801 | Director | 15 Jan 2022 | 4 yrs 8 mo | Backwater Technologies Private Limited |
| Priyam Bose DIN 10281463 | Director | 25 Aug 2023 | 3 yrs 1 mo | Backwater Technologies Private Limited |
People of Chillr
1 people are tracked at Chillr (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mohamed Galib | Co-Founder & CPO | Leadership |
Complete people profiles for Chillr
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Financials of Chillr
Figures of Backwater Technologies Private Limited, the primary company behind Chillr, for FY 2025. Revenue was ₹24.4 Lakh (+220% year on year). Net profit was ₹6.7 Lakh (27% margin). EBITDA was ₹6.7 Lakh (27% margin). Revenue has grown at a compounded annual rate of +63% over three years and +95% over five years.
- ₹24.4 LakhRevenue · FY 2025 · +220% YoY
- ₹6.7 LakhNet profit · 27% margin
- ₹6.7 LakhEBITDA · 27% margin
- ₹39.07 CrPaid-up capital
- 1Employees (provident fund records)
- +63%Revenue CAGR, 3 years
- +95%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Backwater Technologies Private Limited are on its company page.
Detailed financial statements for Chillr
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Chillr
4 dated milestones of Chillr across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Chillr is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $699K.
Competitors of Chillr
Chillr operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.01B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $4.14B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| freecharge.in | 2010 | Gurugram, India | $116.92M | 1,762 | Digital wallet services for bill payments and recharges are facilitated. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| one97.com | 2000 | Noida, India | – | 86 | Wallet-based payment solutions are provided for consumers and businesses. | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| citruspay.com | 2011 | Mumbai, India | $32.5M | 160 | Online payment app for consumers and businesses | |
| ebixcash.com | 1989 | Noida, India | $35.29M | 1,799 | App-based money transfer and bill payment platform for individuals and businesses |
Detailed competitors of Chillr
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Latest news on Chillr
Complete news archive for Chillr
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Similar companies to Chillr
10 companies that operate in the same segment as Chillr (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Chillr
Chillr was founded in 2014.
Chillr is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Chillr is a funded company, having raised a total of $9.3M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Dec 2014.
The primary company behind Chillr, Backwater Technologies Private Limited, reported revenue of ₹24.4 Lakh for FY 2025, up 220% year on year.
Chillr was founded in 2014 in Kochi, India, as a distributor in the beverage and tobacco sectors. A portfolio of brands is managed, with the tea division focusing on organic and specialty varieties. Well-known cigar brands are handled in the cigar division, while wines and port wines are emphasized in the spirits division. Retail operations are maintained to support distribution activities.
Chillr has 8 investors. Key investors include Mobme, Uniqorn Ventures, Sequoia Capital, Blume Ventures, and 3F Ventures.
The valuation of Chillr is $20.08M as of Feb 2018.
Chillr operates through Backwater Technologies Private Limited.
The legal entities of Chillr currently have 3 directors, including Rishit Jhunjhunwala, Priyam Bose, Atika Gangwal.