FreeCharge
Company

Last deal

Amount

Venture - Series Unknown

Stage

21.09.2017

Date

3

all rounds

$177.64M

Total amount

date founded

Financing round

General

About Company
FreeCharge offers coupons for mobile plan recharges.

Industry

Sector :

Subsector :

founded date

01.01.2010

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

FreeCharge is an e-commerce website based in Mumbai that allows users to recharge their prepaid mobile phones, postpaid mobiles, DTH, and data cards in India. Founded in 2010, the company claims to have done online recharges of INR 6 million daily, translating to INR 2.19 billion annually. Users pay for recharges and receive shopping coupons from top retailers in India, such as McDonald's and Jet Airways. FreeCharge was named one of the most promising technology startups from India in 2011. The company's digital payment platform allows users to add money instantly to their prepaid mobile phone plans and pay bills across all major online platforms and offline stores in less than a minute.
Contacts
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M&A Details
1

Transaction name

Acquired by

Axis Bank

announced date

27.07.2017

price

$60.04M

Financials

Funding Rounds
7
3

Number of Funding Rounds

$177.64M

Money Raised

Their latest funding was raised on 21.09.2017. Their latest investor RTP Global. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
18.05.2017
1
$3.39M
Local Amount - INR 220M
09.01.2017
1
$57.27M
Local Amount - INR 3.9B
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Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Preburn acquired by FreeCharge

Preburn acquired by FreeCharge

acquirer

FreeCharge
FreeCharge

date

19.08.2014

type

Acquisition
Preburn

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Preburn helps app publishers acquire users by installing their apps on users' devices at the time of purchase.

Sector

Software and Computer Services

Subsector

Software

Keywords

Apps, Mobile, Mobile Apps

Location

New Delhi, Delhi, India

People

Founders
2
Kunal Shah
Kunal Shah

Kunal Shah

Founder: @CRED_club ; Nomad

current job

CRED
CRED

organization founded

3

Kunal Shah

Sandeep Tandon
Sandeep Tandon

Sandeep Tandon

Sandeep Tandon Co-founded Accelyst Solutions Pvt. Ltd. in 2010 and has been its Chief Business Officer since September 1, 2015. Sandeep Tandon serves as Managing Director at Tandon Technology Ventures (Tandon Group).He serves as Managing Director and Chairman of the Board at Infinx Services Private Limited. Sandeep Tandon serves as the Chairman and Managing Director at Infinx Healthcare. He oversees the strategy and operations of all group companies. He has been involved in the technology industry for over 20 years. During this time he has contributed significantly to the growth of Information Technology exports from India. He was co-founder and a former director of IQBackOffice - a leading Accounts Payable Processing company. He was also a co-founder and Director at Freecharge.com - among India’s fastest growing internet commerce ventures. He is active in the Angel Investor community and serves as a mentor to various technology start-ups. He served as Chairman of the Electronics Computer Software Export Promotion Council (ESC) and is a member of Young President Organization (Mumbai Chapter). Sandeep Tandon completed his Bachelor’s and Master’s in Electrical Engineering from the University of Southern California.

current job

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Whiteboard Capital

organization founded

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Sandeep Tandon

Employee Profiles
10
Arun Deep

Arun Deep

Software Engineer - Android

Alok Goel

Alok Goel

CEO

Vishal Anand

Vishal Anand

Business Head & Chief Product Officer

Activity

Recent News
0