DealWire: Muvizz, Shopalyst, Chillr and FreshDesk’s Acquisition of Frilp

Movie-on-demand platform Muvizz Raises Angel Funding from Singapore Based Investors

Movie-on-demand platform Muvizz.com which was started in May 2015, has raised $350,000 in angel funding from three Singapore-based investors, to increase the traffic to its website. The investors are Ashish Todi, MD at Frost Global Pte Ltd; Abhinav Patodia, director at Great Himalayan Shippers Ltd; and Kumar Shwetabh, CEO at Pacific Global Inc. the company is also in an advance stage to raise $1.5-2 million in Series A round of funding from existing investors and a couple of other domestic and international institutional investors, as per a VCCircle report.
The next round of funding will be used for building their mobile app and to obtain some exclusive movie titles as well as for marketing and campaigning. In the movie-on-demand space, Muvizz competes with the likes of Eros Now, Spuul, BoxTv and Hungama Play.

Shopalyst Raises $2 Million in Series A Funding from Kalaari Capital

Shopalyst Raises $2M in Series A Funding from Kalaari Capital - Image Source

Shopalyst Raises $2M in Series A Funding from Kalaari Capital – Image Source

Shopalyst, an app for discovering and buying merchandise, which was started by Infosys alumni Girish Ramachandra, Sajeesh P J, Mohan Krishnan and Vibin Balakrishnan, has raised $2 million in series A funding from Kalaari Capital. The app is currently in Beta or testing phase. It allows publishers and developers to add buy buttons to images, videos, posts, chats, lists, news and others as well as enablers online retailers to sell products directly on popular websites and apps.

The funding will help the company to expand its team and also reach out to global markets. The company has tied up with eCommerce firms such as Amazon, Flipkart, Snapdeal and Jabong.

Similar Read:  Fundingwire - Mobile Gaming Startup PlaySimple Games Secures $4M & More Funding Updates

P2P Money Transfer App Chillr raises $6M in Series A funding from Sequoia Capital

Chillr, a peer-to-peer money transfer app, has raised $6 million in a Series A funding from Sequoia Capital. The company is operated by a Kochi-based startup Backwater Technologies, and will use the funds for customer and merchant acquisitions. The startup is currently in talks with two new investors to raise another $1 million toward this round.

The app has seen around 350,000 downloads till date, currently sees over 5,000 transactions worth Rs.50 lakh a day, and it targets 100,000 transactions per day by the end of this year. To facilitate its service, the company has tied up with HDFC Bank and Bank of Baroda.

Freshdesk Acquired Social Recommendation App Frilp to Improve its Customer Service

Freshdesk Acquired Social Recommendation App Frilp to Improve its Customer Service

Freshdesk Acquired Social Recommendation App Frilp to Improve its Customer Service

Freshdesk  which is based out in Chennai and San-Francisco, has acquired social recommendation app for word of mouth referrals, Frilp. The deal amount is still undisclosed by the firms.

Post acquisition, Frilp will help Freshdesk to become a more scalable tool for getting customers’ questions answered quickly. All 19 employees of Frilp have joined Freshdesk’s development center in Chennai. The beta Frilp app for Android will shut down soon.

“We would be discontinuing the product in its current form and launch new ones where many other companies can use our platform, integrate and unlock value,” Frilp mentioned on its website.

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