Saturday, October 21

Axis Bank to acquire FreeCharge for about Rs 385 crore ($60 million).

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FreeCharge

FreeCharge is India’s most usable payments website & Moblie App that provides online recharge facility to any prepaid and postpaid mobile phone, DTH, Data Cards, metro recharge and utility bill payments in India.

They have also launched WALLET facilities in September 2015 by that customers can pay on all major online platforms and offline stores like McDonalds, Cinepolis, Shoppers Stop, HomeStop, Hypercity, Crosswords and much more.

FreeCharge was started in August, 2010 by Kunal Shah and Sandeep Tandon.

On 8 April 2015 Indian E-Commerce Snapdeal acquired FreeCharge for Rs.2800 crore. Now On 27th July 2017 Axis Bank to acquire FreeCharge for about Rs 385 crore ($60 million).