 | |
| Freecharge | |
| Company type | Subsidiary |
| Industry | Internet |
| Founded | August 2010 |
| Founder | Kunal Shah Sandeep Tandon |
| Headquarters | Gurugram, Haryana India |
Area served | India |
Key people | Sumit Bhatnagar (CEO) |
| Services | Recharges, Bill Payments, UPI Money Transfers, Deals, Gift Cards, Mutual Funds |
| Revenue |  ₹465 crore (US$56 million) (2024) |
| ₹78 crore (US$9.3 million) (2024) [1] | |
| Parent | Axis Bank |
| Website | www |
Freecharge is an Indian financial services company based in Gurgaon. It allows users to pay bills such as electricity, gas and telephone, as well as recharge mobile, broadband, DTH and metro cards.
On 8 April 2015, Snapdeal acquired Freecharge in what was referred to as the second biggest takeover in the Indian e-commerce sector at the time, after the buy out of Ibibo by rival MakeMyTrip. The deal was for approximately US$400 million in cash and stock.[2][3] On 27 July 2017, Axis Bank acquired Freecharge for $60 million.[4]
- ^ "Axis Bank Annual Report" (PDF).
- ^ Jayadevan, PK; Shrivastava, Aditi (8 April 2015). "Snapdeal buys Freecharge in biggest startup M&A". The Economic Times, India. Retrieved 8 April 2015.
- ^ Mishra, Digbijay (6 April 2017). "SoftBank may sell Freecharge at 50% discount for $200m". Times of India.
- ^ BIDKAR, CHINMAY (27 July 2017). "After Flipkart-Snapdeal Merger, Axis Bank Acquires Freecharge – TechStory". TechStory. Retrieved 27 July 2017.