FreeCharge claims 1M wallet users within five days of launch

Snapdeal-controlled FreeCharge said on Wednesday its digital wallet has crossed the one million customers mark within five day of its launch. FreeCharge, a recharge and utility payments portal that was acquired in April by online marketplace Snapdeal, had announced its entry into the digital wallet business on September 15 and launched it 10 days later. […]

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Former FreeCharge CEO Alok Goel joins VC firm SAIF Partners

Venture capital and growth equity investment firm SAIF Partners has appointed Alok Goel, former chief executive officer of online recharge platform FreeCharge, as managing director, according to a press release. In this role, Goel will be looking into early stage investments. “He brings a wealth of experience in business strategy, product, marketing, operations as well […]

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Behind the scenes story of Snapdeal’s FreeCharge acquisition

It was a late-January evening when founders and seniors executives of two internet firms— Snapdeal and FreeCharge—sat over a cup of coffee to discuss a potential transaction which later became the biggest deal to date in the history of the Indian internet sector. It all started when Kunal Bahl, co-founder and CEO of Snapdeal, called […]

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FreeCharge raises $80M in Series C from Valiant Capital, Tybourne & others

Mumbai-based Accelyst Solutions Pvt Ltd, which operates under the brand FreeCharge.in, an online mobile and DTH recharge platform, has raised $80 million in Series C round of funding from a group of investors, including San Francisco-based hedge fund Valiant Capital Management and Hong Kong-based hedge fund Tybourne Capital Management. Existing investors including Sequoia Capital, RuNet […]

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