India Dealbook: Sequoia invests $6m in Backwater, Shopalyst raises $2m from Kalaari

India Dealbook: Sequoia invests $6m in Backwater, Shopalyst raises $2m from Kalaari

Visual from the Chillr App by Backwater Technologies

US-based venture capital firm Sequoia has invested in Backwater, maker of the Chillr app that allows users to transfer money to their phone contacts. Meanwhile,  Kalaari Capital has invested in yet another e-commerce startup, Shopalyst, that allows publishers to put a ‘buy now’ button on products mentioned in posts, ads or news feeds.

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