FreeCharge

company

About

FreeCharge is a service that gives users coupons for charging their mobile plans.

  • Mumbai,Maharashtra,India
  • 251 - 500

Details

Last Funding Type
Series D
Last Funding Money Raised
₹3.90B
Industries
Coupons,E-Commerce,Internet,Payments
Founded date
Jan 1, 2010
Number Of Employee
251 - 500
Operating Status
Active
Legal Name
Freecharge Payment Technologies Pvt. Ltd.

FreeCharge is an e-commerce website headquartered in Mumbai, Maharashtra that provides online facility to recharge any prepaid mobile phone, postpaid mobile, DTH & data card in India.

The website was started in August, 2010 by Kunal Shah of Accelyst Solutions Pvt. Ltd. In November 2012, the company claimed to be doing online recharge of INR 6 million on a daily basis, translating to INR 2.19 billion a year. It provides online facility to recharge any prepaid mobile phone in India. The amount paid by the user for recharge is returned in form of shopping coupons of some of the top retailers in India, thereby making the recharge virtually free. The first two retailers for which coupons were available were McDonald's and Barista. and were followed by other big retailers such as Café Coffee Day, Domino's Pizza, Cromā, Puma, Shoppers Stop and Jet Airways.

In 2011, FreeCharge was named one of the most promising technology startups from India by Pluggd.in.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
₹4.32B $113M
FreeCharge has raised a total of ₹4.32B $113M in funding over 2 rounds. Their latest funding was raised on Sep 21, 2017 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 21, 2017 Series Unknown 1 InnoVen Capital Detail
May 18, 2017 Series D ₹220M 1 Snapdeal Detail
Jan 9, 2017 Series D ₹3.90B 1 Snapdeal Detail
Feb 5, 2015 Series C $80M 5 Tybourne Capital Management
Valiant Capital Partners
Detail
Sep 1, 2014 Series B $33M 3 Detail

Investors

Number of Lead Investors
Number of Investors
6
7
FreeCharge is funded by 7 investors. InnoVen Capital and Snapdeal are the most recent investors.
Investor Name Lead Investor Funding Round
InnoVen Capital Yes Series Unknown
Snapdeal Yes Series D
Tybourne Capital Management Yes Series C
Valiant Capital Partners Yes Series C
Sofina Series C
RTP Global Series C
Sequoia Capital India Series C

Employee Profiles

Number of Employee Profiles
1
FreeCharge has 1 current employee profiles, including Employee Arun Deep
Employee

Acquisition

FreeCharge has acquired 1 organizations. Their most recent acquisition was Preburn on Aug 19, 2014. They acquired Preburn for 0.

Date Company Name
Industry Acquisition Type Price
Aug 19, 2014 Preburn
Internet acquisition Detail