Snapdeal Acquires FreeCharge To Make Inroads Into Growing Mobile Industry [BREAKING]

Must Read

Looks like India eCommerce Industry is heading towards a new level of competition. According to industry sources, Indian’s second largest eCommerce player Snapdeal has acquired online mobile recharge firm FreeCharge for an undisclosed amount. As the rumors about the possible acquisition were making rounds over the internet for the last one month, sources have confirmed that SnapDeal has paid somewhere between $400 million and $500 million to acquire FreeCharge.

“Toghether we represent the largest m-commerce company in the country now,” said Kunal Bahl, CEO &Co-founder of Snapdeal

Launched in August, 2014, FreeCharge has raised nearly $116 million in total from various investors.

Watch out for more details!

Advertisements

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Instagram Stories are essential for your brand’s social media success

Instagram Stories is a feature of the popular social media platform Instagram that businesses are taking advantage of nowadays....
- Advertisement -

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...
spot_img

More Articles Like This