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