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]
History
Freecharge was founded in August 2010 by Kunal Shah and Sandeep Tandon.[5]