Updated On: 26th September 2018
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About FreeCharge

FreeCharge was conceptualized in August 2010 by Kunal Shah and Sandeep Tandon and was formally launched on 15th August. By 2011 the company was named as one of the most promising startups in India. In January 2012 the total number of registered users in the website was 1.5 million and by November 2012 it crossed 2.8 million. FreeCharge is now recognized to be one of the fastest growing tech startups and all major retailers like Mac Donald’s, Dominos, Cafe Coffee Day, Shoppers Stop, Puma etc have tied up with it to offer free food coupons. Right now SnapDeal has acquired FreeCharge and the deal is expected to be worth around USD 450 billion.

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FreeCharge promises to take care of online mobile recharge options and bill payment facilities in just 10 seconds. The card details and payment mode preferences can be auto saved in Free charge account for fast recharges. Money can also be prefilled into the account to make the recharge experience faster. The Turbo Recharge facility retains the previously recharged numbers and gives very easy reference to the user. Different operators like Airtel, Vodafone, Tata Dokomo, Aircel, Idea, BSNL, Uninor, Virgin Mobile etc are all allied with FreeCharge. every transaction on FreeCharge is practically free as value, rewards and benefits are offered by more than 300 brands in lifestyle, food, and travel and ecommerce sector.

FreeCharge secures Series A Funding from Sequoia Capital and Tandon Group; estimated valuation of funding is USD 200 million. In 2014 the company received USD 33 Million series B funding from RU Net and Sofina. Though the company is based in Mumbai they are serving the whole country by generating more than USD 6 million online recharges per day. The brand FreeCharge was acquired by e commerce Giant on 8th April and this promises to secure Snap Deal’s position in the Indian e commerce world.