FreeCharge

About

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

Mumbai,Maharashtra,India
251 - 500

Highlights

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