Fact-checked by Grok 2 weeks ago

Freecharge

Freecharge is an company headquartered in , founded in 2010 by Kunal Shah and Sandeep Tandon as a mobile recharge platform, which has since evolved into a comprehensive digital payments and investment app serving over 100 million users. Acquired by e-commerce firm in 2015 for approximately $400 million and later purchased by in 2017 for Rs 385 crore (about $60 million), Freecharge operates as a 100% of , focusing on secure UPI-based transactions, bill payments, and financial products. The platform enables users to perform seamless UPI money transfers, QR code payments, mobile and DTH recharges for providers like Jio, Airtel, , and , utility bill settlements for , gas, and , as well as recharges and purchases, all supported by multiple payment options including wallets, net banking, and cards. It also offers exclusive cashback rewards, deals, and innovative lending solutions like for small and mid-sized retailers, providing zero-collateral loans to support business growth. Backed by Bank's robust infrastructure, Freecharge emphasizes security, user convenience, and in India's digital payments ecosystem, contributing to the broader adoption of services post-demonetization.

History

Founding and Early Years

Freecharge was founded on August 15, 2010, in , , by entrepreneurs Kunal Shah and Sandeep Tandon. The platform initially focused on facilitating prepaid mobile recharges and quickly expanded to support post-paid mobile bills, DTH services, data card recharges, and utility payments including electricity, landline, and gas bills. To drive user adoption, Freecharge's centered on providing incentives in the form of discount coupons from major brands such as and , equivalent to the recharge amount, which effectively turned the service into a distribution channel for partners while earning commissions on transactions and . The company bootstrapped its early operations with seed funding from the Tandon Group and in 2010, amid challenges in convincing investors of the viability of an online recharge platform in a market dominated by offline methods. For expansion, Freecharge shifted its headquarters to Gurugram, , by 2012, alongside opening an office in to support scaling operations. Key early milestones included the launch of its website in August 2010 and the mobile app in 2012, which accelerated user growth through targeted promotional offers; within the first year, the platform reached over 1 million unique users, expanding to 1.5 million customers by late 2012 with approximately 40,000 daily transactions.

Growth and Funding

Following its initial seed investment, Freecharge secured Series A funding of ₹200 million (approximately $3.9 million) from in January 2012, which enabled the company to scale its online recharge platform and enhance technological infrastructure. This capital infusion supported early expansion efforts, including the development of capabilities and integration with major telecom networks. The company experienced accelerated growth leading into its Series B round, raising $33 million on September 1, 2014, led by with participation from and Ru-Net Holdings. This funding was directed toward building an advertising platform and broadening service offerings beyond recharges. By early 2015, Freecharge had further bolstered its position with an additional $80 million investment on February 6, 2015, from Tybourne Capital Management and Valiant Capital Management, alongside existing investors. These rounds collectively provided over $113 million in , fueling aggressive user acquisition and positioning Freecharge as a key player in India's nascent digital payments landscape. Freecharge's expansion strategies emphasized rapid user base growth, reaching over 20 million subscribers by mid-2015 through targeted promotions that incentivized transactions and repeat usage. The platform forged partnerships with leading telecom operators, including , Airtel, Reliance, Idea, , and , to streamline recharges and utilities payments, while app downloads exceeded 10 million by February 2015, driving a 60-fold increase in transactions over the prior year. These initiatives capitalized on India's burgeoning ecosystem, where penetration and digital adoption were surging. Amid this momentum, Freecharge evolved from a recharge-focused service to a comprehensive provider, introducing features for bill payments and promotions to capture a larger share of the growing and market. This strategic pivot aligned with the rapid digitization of payments in , where mobile wallets were projected to handle increasing volumes of everyday transactions by 2015.

Acquisition by Snapdeal

On April 8, 2015, acquired FreeCharge, a leading mobile recharge and payments platform, for approximately $400 million in a mix of cash and stock, marking one of the largest startup acquisitions in India's consumer internet sector at the time. The strategic rationale behind the deal centered on bolstering Snapdeal's payments through FreeCharge's robust capabilities, which boasted over 85% usage and a user base of over 20 million, many from non-urban areas. Snapdeal aimed to leverage FreeCharge's extensive distribution network to penetrate rural and tier-2/3 markets, capitalizing on India's projected surge to over 500 million users and facilitating easier user acquisition for its platform. In the immediate aftermath, FreeCharge operated as an independent entity while initiating integration efforts, including embedding its into Snapdeal's checkout process to enable seamless payments and cross-promotional offers between recharges, bill payments, and . Leadership maintained continuity with the founders, as Kunal Shah, FreeCharge's co-founder, assumed the role of CEO shortly after the acquisition when the prior CEO stepped down. However, the post-acquisition period brought regulatory hurdles from the () on licensing, prompting FreeCharge to partner with licensed entities like Fino Paytech to launch its semi-closed wallet in September 2015. The platform also grappled with fierce competition from rivals such as , which dominated the mobile wallet market amid rapid growth in digital payments.

Transition to Axis Bank Ownership

On July 27, 2017, , one of India's largest lenders, acquired Freecharge from 's parent company, Jasper Infotech Private Limited, in an all-cash deal valued at approximately Rs 385 crore (about $60 million). This transaction enabled to streamline operations and concentrate on its core business during a period of financial strain. The acquisition was subject to regulatory approvals from the (RBI), which were obtained by October 2017, allowing to assume full control of Freecharge Payment Technologies Private Limited and its services arm, Accelyst Solutions. Following the acquisition, Freecharge underwent a structured integration into Axis Bank's framework, leveraging the fintech's agile technology while benefiting from the bank's robust infrastructure and capabilities. Approximately 200 Freecharge employees transitioned to Axis Bank, and the company was reoriented to align with the bank's ecosystem for mobile payments and wallet services. Axis Bank appointed , formerly head of its digital banking unit, as CEO of Freecharge to oversee this merger, emphasizing a hybrid model that combined fintech innovation with banking stability. The RBI's approval facilitated the issuance of Freecharge's prepaid payment instruments (PPIs) under Axis Bank's license, ensuring seamless compliance with India's evolving digital payment norms. Post-acquisition, Freecharge evolved from an independent platform into a fully bank-backed , enhancing its credibility and operational scale within the regulated financial sector. By 2018, it expanded into the (UPI) ecosystem, launching UPI services on its app in March, enabling users to conduct transactions via the '@freecharge' handle in partnership with . This shift also allowed Freecharge to offer full (KYC)-compliant wallet services, moving beyond semi-closed wallets to broader payment functionalities backed by 's infrastructure. The integration marked a strategic pivot, positioning Freecharge as a key digital arm of with access to over 50 million users and an extensive merchant network. As a wholly-owned , Freecharge continues to operate as of 2025, focusing on as a vital extension of 's payment solutions, particularly in UPI-based scan-and-pay transactions. In FY25, the company reported a 35% decline in revenue to Rs 297 and a net loss of Rs 42 . Recent enhancements include a September 2025 partnership with to offer gold-backed credit on UPI, alongside strengthened cybersecurity measures aligned with 's ISO 27001 and DSS certifications, and rigorous adherence to RBI's payment regulations such as and prevention protocols. These developments have solidified Freecharge's role in India's landscape, supporting 's broader push toward secure, compliant innovations.

Products and Services

Recharge and Payment Solutions

Freecharge provides a range of services centered on recharges, enabling users to top up prepaid and postpaid plans across major Indian telecom operators including Airtel, , (), BSNL, and MTNL. Freecharge also supports DTH recharges for providers like , , and , as well as recharges for toll payments across major banks including and . These recharges support various plan options such as data packs, talk time, and validity extensions, with features like transaction history tracking and secure gateways to ensure reliability. Users benefit from timely reminders for upcoming recharges and occasional promotions to encourage usage. The platform facilitates seamless bill payments for essential utilities, covering electricity from providers like those in major cities, bills (e.g., NDMC and BWSSB), gas connections, services, and postpaid bills. bill payments are also supported, allowing users to settle dues with instant confirmations for transactions up to certain limits. Rent payments up to ₹25,000 are processed immediately via , with larger amounts confirmed within 24 hours. These services include automated reminders and incentives, streamlining household . Freecharge integrates with the (UPI) to enable peer-to-peer transfers, merchant payments, and scanning for quick transactions via its app. This functionality supports instant fund transfers linked to bank accounts, promoting cashless payments across . As a semi-closed under guidelines, Freecharge allows users to store funds for specific transactions like recharges and bill payments, with no ATM cash withdrawal but transfers to linked bank accounts possible upon full KYC. Full KYC compliance unlocks additional features, such as higher transaction limits and reward accumulation in the form of gift instruments.

Additional Financial Offerings

Freecharge provides users with personalized deals and opportunities through its platform, partnering with merchants to offer discounts on purchases, services, and bookings. These promotions include exclusive coupons that can be redeemed during transactions, such as up to 35% on select categories, enhancing user savings on everyday expenses. The platform facilitates the purchase and redemption of digital gift cards from major brands, including , , and , often bundled with additional cashback incentives to encourage gifting and personal use. Users can acquire these vouchers instantly via the app, redeemable both online and in-store, supporting a seamless experience for digital commerce. In collaboration with , Freecharge offers entry-level investment options in mutual funds, allowing users to start systematic investment plans (SIPs) or make lump-sum investments directly through the app. Features include portfolio tracking tools and access to a variety of funds, with investments beginning as low as small amounts to promote among novice investors. In 2025, Freecharge introduced Gold Loan services and, in partnership with , launched India's first gold-backed credit line accessible via UPI, targeting MSMEs and self-employed individuals. Additional value-added services encompass insurance premium payments for policies from providers like Bharti AXA and Life, enabling easy renewals and micro-policy management within the . Freecharge also runs programs that reward frequent transactions with points, scratch cards, and exclusive perks, fostering user retention through accumulated benefits on recharges and payments.

Business Operations

Financial Performance

Under Axis Bank ownership since 2017, Freecharge has shown improved financial stability compared to its pre-acquisition phase, transitioning from losses to profitability in recent years. In FY24 (ended March 2024), the company reported revenue of ₹454 (approximately $54 million) and a net profit of ₹79 (approximately $9.5 million), marking a significant turnaround from earlier unprofitable operations. This performance was supported by a 9% year-over-year increase in payments gross merchandise value (GMV) to ₹11,333 , driven by enhanced UPI integration that boosted transaction volumes. However, in FY25 (ended March 2025), Freecharge experienced a reversal, with declining 35% to ₹297 (approximately $35 million) and slipping into a net of ₹42 (approximately $5 million), attributed to reduced margins and higher operational . Despite this, UPI-specific GMV surged 132% to ₹7,461 , reflecting steady growth in post-UPI enhancements, though overall profitability was pressured by annual reports indicating persistent challenges from pre-2017 levels. Key structures include substantial expenses on (₹202 in FY25), service charges (₹115 ), and investments in technology infrastructure, alongside efforts to optimize marketing spend and ensure with security standards. Freecharge's valuation history underscores its evolving market position: it peaked at approximately $400 million during its 2015 acquisition by , but was adjusted to $60 million (₹385 ) in the 2017 sale to . This shift highlights the impact of competitive pressures in the sector on its financial trajectory.

Partnerships and Integrations

Freecharge's integration with , its parent company since the 2017 acquisition, has enabled seamless synergies in services. Users can link their accounts directly within the Freecharge app for effortless transactions, including bill payments and recharges, while the platform facilitates cross-selling of 's financial products such as personal loans and credit lines. In September 2025, and Freecharge launched India's first gold-backed credit line accessible via UPI, allowing micro, small, and medium enterprises (MSMEs) to obtain instant credit against gold collateral through the app, enhancing for underserved segments. The platform maintains partnerships with major telecom operators, including Airtel, , (VI), and , to provide instant prepaid and postpaid recharge services through integrations. These collaborations enable Freecharge to offer exclusive cashback deals and promotional plans tailored to operator-specific offerings, such as unlimited data packs and subscriptions, streamlining access for over 100 million users. Freecharge has forged integrations with key merchant networks to support in-app payments and incentivize usage through . A notable collaboration with , announced in 2016, allows users to complete restaurant orders and deliveries via Freecharge's , combining secure transactions with promotional rewards. In terms of regulatory alignments, Freecharge operates its under a Prepaid Payment Instrument (PPI) license issued by the () in 2016, ensuring compliance with guidelines on semi-closed wallets for stored-value transactions up to specified limits. The company integrates with the () for () functionality, enabling interoperable transfers and collections since its initial rollout in 2016, with recent updates in 2024 further enhancing PPI-UPI interoperability across third-party apps.

Leadership

Founders and Early Executives

FreeCharge was co-founded in 2010 by Kunal Shah and , who served as the primary leaders during the company's formative years. Kunal Shah, who acted as CEO until , brought a background in and to the venture. Holding a in from Wilson College in , Shah briefly pursued an MBA before dropping out to launch early businesses, including a firm under the Tandon Group and a platform called PaisaBack in 2009. His entrepreneurial experience emphasized user incentives, leading him to conceptualize FreeCharge's initial model of offering coupons equivalent to mobile recharge values, which evolved into a broader system to drive adoption. This approach focused on simplifying prepaid mobile top-ups while rewarding users, laying the foundation for rapid user growth through accessible digital payments. Sandeep Tandon, the co-founder and CTO, contributed technical expertise and initial funding drawn from his role as managing director of the Tandon Group, a family-owned conglomerate established in 1978. Born in 1969 in , Tandon earned bachelor's and master's degrees in from the , after which he worked in the U.S. before returning to to co-found IQBackOffice, a processing company. As an early , Tandon provided seed capital and leveraged his retail industry connections to support FreeCharge's infrastructure for secure , starting with a basic website in 2010. His technical oversight ensured the platform's reliability during initial scaling, though the company later hired specialized talent to handle growing transaction volumes. The early team was lean, comprising and initially, with key hires in product development and marketing to accelerate app creation and user acquisition up to 2015. In 2012, the company recruited Deap Ubhi as to re-architect the technology stack, enabling secure, high-volume mobile transactions and shifting operations to for better scalability. Alok Goel joined as CEO that same year , bringing product expertise from and to refine the , which became central to user growth with transactions surging 50 times in 2014. Marketing efforts, led by , included innovative campaigns like the 2013 Pepsi TV promotion, which boosted visibility and acquisition through targeted incentives. These hires focused on building a user-friendly app and acquisition strategies that emphasized rewards, helping FreeCharge transition from a niche recharge service to a prominent digital payments player. Shah's emphasis on behavioral incentives via and Tandon's foundational tech setup were pivotal in establishing FreeCharge's market position during its startup phase. After departing in 2015, went on to found CRED in 2018.

Current Management

Since its integration as a of in 2017, Freecharge's management has been aligned with the parent company's strategic priorities in digital payments and . Sumit Bhatnagar serves as , appointed on December 20, 2023, bringing extensive experience in technical leadership, , and within the technology and financial sectors. Under his leadership, Freecharge emphasizes digital innovation, including advancements in UPI-based solutions and seamless integration with Axis Bank's broader ecosystem of banking products. Key executives support Bhatnagar in core operational areas, operating under Axis Bank's oversight to ensure alignment with regulatory and strategic goals. Prasenjit Saha has been since December 16, 2023, managing financial reporting and compliance, while Samarth Govila serves as , handling governance and statutory obligations. Heads of payments, product development, and compliance report directly to the CEO, focusing on enhancing transaction security, , and adherence to RBI guidelines for digital wallets and payment systems. Strategic direction under current management prioritizes , expansion of UPI capabilities, and deeper integration with Bank's offerings, such as gold-backed credit lines accessible via UPI for MSMEs. This includes scaling merchant lending, fostering sustainable growth, and maintaining stringent oversight to support profitability amid evolving regulations. The board structure reflects close ties to , with directors including Sameer Bhujanga Shetty, a senior executive from the parent company, alongside Subrat Mohanty, Balaji Narayanamurthy, and Mohit Jain (former Managing Director, now serving as Director). This composition ensures strategic oversight and alignment, with the board convening six times in the fiscal year ended March 31, 2025, to guide operations as a technology service provider and business correspondent for .

References

  1. [1]
    About Us | Freecharge
    A 100% subsidiary of Axis Bank, Freecharge has always been known for offering safe and seamless UPI payments, utility bill payments, mobile/DTH recharges, Pay ...
  2. [2]
    FreeCharge - 2025 Company Profile & Team - Tracxn
    Jun 15, 2025 · FreeCharge got acquired by Axis Bank on Jul 27, 2017 at an acquisition amount of $60M. Click here to take a look at FreeCharge's acquisition in ...
  3. [3]
    Axis Bank acquires FreeCharge for Rs 385 crore
    Jul 27, 2017 · BENGALURU: Axis Bank announced the acquisition of digital payment company FreeCharge from Snapdeal for Rs 385 crore on Thursday.
  4. [4]
    Axis Bank wraps up Freecharge acquisition, appoints Sangram ...
    Oct 9, 2017 · Freecharge was established in 2010 by Sandeep Tandon and Kunal Shah which was then valued at $5bn and later it was acquired by Snapdeal for ...
  5. [5]
    Axis Bank acquires FreeCharge for Rs 385 crore - Times of India
    Jul 28, 2017 · Bengaluru/Mumbai: Private sector lender Axis Bank announced on Thursday it has acquired Snapdeal's payments arm FreeCharge in an all-cash ...<|control11|><|separator|>
  6. [6]
    Deal analysis : Axis bank acquires Freecharge - iPleaders Blog
    Oct 25, 2020 · Finally, on July 27th 2017, Freecharge was acquired by Axis Bank, a private sector lender for Rs. 385 crores ($60 million). The deal. The two ...Introduction · The deal · Procedure and regulatory...
  7. [7]
    The Freecharge story: from online recharges to Axis Bank acquisition
    Aug 17, 2017 · Axis Bank acquires Freecharge for $60 million on July 27. The deal gives the private sector lender access to Freecharge's claimed 52 million ...
  8. [8]
    Is Freecharge.in on path to becoming the ultimate Indian Cult ...
    Oct 14, 2011 · Our business model is based on commissions from couponing partners as well as advertising.How did you manage to bring in all the big names to ...
  9. [9]
    Kunal Shah, Founder & CEO, Freecharge - Open The Magazine
    Nov 5, 2015 · FreeCharge.in is headquartered in Mumbai. Started in August 2010 by Shah and Sandeep Tandon with seed funding from the Tandon Group and Sequoia ...
  10. [10]
    Kunal Shah: Meet the man behind online mobile recharge platform ...
    Apr 9, 2015 · Freecharge was founded in 2010 with Shah and Tandon as co-founders. "Investors didn't want to buy the idea at that time," recalls Tandon. In ...
  11. [11]
    http://techcircle.vccircle.com/2012/11/06/freecharge-claims-it-is-doing-40k-mobile-recharges-a-day-plans-new-features-mobile-apps/
  12. [12]
    E-recharge Start-up Freecharge Raises Rs 20Cr From Sequoia ...
    Jan 25, 2012 · Freecharge.in, an 18-month-old recharge portal run by Mumbai-based Accelyst Solutions Pvt Ltd, has raised Rs 20 crore ($3.9 million) from ...Missing: date | Show results with:date
  13. [13]
    FreeCharge raises $33M in Series B from Sequoia, Sofina, ru-Net
    Sep 2, 2014 · The funds will be used to build a transactional advertising platform for India and emerging markets. The company has also added Gokul Rajaram, ...Missing: seed Group
  14. [14]
    FreeCharge raises $80M from Valiant Capital, Tybourne Capital ...
    Feb 6, 2015 · The company had raised $33 million from Sequoia Capital, Sofina and RuNet in September last year, to build up its advertising platform and allow ...Missing: history | Show results with:history
  15. [15]
    How $450-million Snapdeal-Freecharge deal was clinched
    Apr 28, 2015 · "Kunal is like the Duracell bunny. He never gets tired," said Tandon, who cofounded Freecharge with Shah in August 2010. The company was funded ...
  16. [16]
    Snapdeal acquires mobile recharge startup Freecharge - e27
    Apr 8, 2015 · Founded in 2010, Freecharge is an online platform that provides pre-paid mobile recharging services to consumers, in partnership with telecom ...
  17. [17]
    FreeCharge raises $80 million in new funds - Mint
    Feb 6, 2015 · ... Freecharge app have grown about 60 times in the last one year through 10 million app downloads. FreeCharge, which gets 85% of its ...
  18. [18]
    FreeCharge raises $80 million in Series-C funding | Company News ...
    The company claimed that mobile transactions on Freecharge app have grown around 60x in the last one year driven through 10 million app downloads. Kunal ...
  19. [19]
    Snapdeal buys Freecharge for $400m - The Times of India
    Apr 9, 2015 · BENGALURU: E-commerce marketplace Snapdeal has acquired online recharge platform FreeCharge for an estimated $400 million (Rs 2,400 crore), ...
  20. [20]
    Indian E-Commerce Giant Snapdeal Buys Bill Payment Service ...
    Apr 8, 2015 · Snapdeal said FreeCharge will continue to “function as an independent platform and all aspects of [its] shopping experience will remain intact,” ...Missing: infrastructure rural
  21. [21]
    Quick fact file of Snapdeal-Freecharge acquisition - YourStory.com
    Apr 8, 2015 · FreeCharge had raised $80 million earlier this year in February 2015 ... app downloads (FreeCharge 10 million) on play store. 7. Both the ...
  22. [22]
    FreeCharge - Outlook Business
    Apr 8, 2016 · In April 2015, Snapdeal acquired FreeCharge for $400 million, providing it with the distribution network to penetrate rural pockets, although ...
  23. [23]
    Snapdeal buys Freecharge in biggest startup M&A
    Apr 9, 2015 · “We want to target the new tsunami of users who are going to come on to the Internet. This (acquisition) improves our ability to acquire users ...
  24. [24]
    Alok Goyal steps down as FreeCharge CEO, founder Kunal Shah to ...
    Apr 10, 2015 · Alok Goyal steps down as FreeCharge CEO, founder Kunal Shah to take over ... Snapdeal bought FreeCharge for $450 million (over Rs 2,800 crore) in ...
  25. [25]
    For Indians, the default setting is distrust: Kunal Shah
    Nov 30, 2015 · After Freecharge's acquisition by Snapdeal in April 2015 many expected to see the online mobile recharge service being integrated with the ...
  26. [26]
    Snapdeal and FreeCharge launch mobile wallets in India
    ... FreeCharge launch the mother of all mobile wallets in India. freecharge. When ecommerce marketplace Snapdeal acquired mobile top-up site FreeCharge in April ...
  27. [27]
    Snapdeal and FreeCharge launch new mobile wallet
    Sep 15, 2015 · The wallet is being rolled out in partnership with Fino, one of the 11 companies to get payments banking licences from the Reserve Bank of India ...Missing: post | Show results with:post
  28. [28]
    Snapdeal takes on Paytm with FreeCharge's digital wallet - Techcircle
    Sep 15, 2015 · Snapdeal takes on Paytm with FreeCharge's digital wallet ... Online recharge and utility payments portal FreeCharge, which was acquired in April ...
  29. [29]
    Axis Bank buys FreeCharge from Snapdeal for Rs385 crore - Mint
    Jul 28, 2017 · The FreeCharge acquisition from Snapdeal gives Axis Bank to the mobile wallet's 54 million customers, fintech setup and human resources.
  30. [30]
    FreeCharge Finds A New Home: Sold To Axis Bank For $60 Mn
    Jul 27, 2017 · Axis Bank has acquired Jasper-owned digital wallet FreeCharge. The acquisition deal was finalised at $60 Mn.
  31. [31]
    Axis Bank buys Freecharge for $60 million cash; Our take
    Jul 27, 2017 · Axis Bank has bought Freecharge for $60 million (Rs 385 crores) in cash, the bank has informed the stock exchanges.Missing: details | Show results with:details<|control11|><|separator|>
  32. [32]
    [PDF] AXIS BANK
    Jul 27, 2017 · Wednesday, 26th July 2017, the Bank has today entered into a Share Purchase Agreement. ("SPA") with Jasper Infotech Private Limited ...
  33. [33]
    [PDF] Axis Bank acquires Freecharge
    The agility of a Fin-tech company. Backed by the strength of a Bank. What do we intend to create through this acquisition?
  34. [34]
    Axis Bank acquires payments wallet FreeCharge for $60M - Techseen
    Jul 27, 2017 · As part of the acquisition, 200 employees from FreeCharge will be joining Axis Bank and subject to regulatory approvals the acquisition is ...Missing: integration rebranding
  35. [35]
    Freecharge's UPI service goes live on its Android app - MediaNama
    Mar 29, 2018 · ... FreeCharge partners with Axis Bank to load money via UPI Axis Bank's Sangram Singh appointed CEO of Freecharge after acquisition is finalised ...
  36. [36]
    Axis Bank-owned FreeCharge joins UPI ecosystem: Will it make a ...
    Mar 28, 2018 · FreeCharge android app users will now be able to use all UPI payment services via their '@freecharge' UPI ID, outlined the company's blog. As ...Missing: post acquisition
  37. [37]
    Terms and Conditions | FreeCharge
    ... City, DLF Phase-3, Gurugram-Haryana-122002, India. Registered Office: 11th Floor, Tower C, DLF Cyber Greens, DLF Cyber City, DLF Phase 3, Gurugram, Haryana ...
  38. [38]
    [PDF] FREECHARGE PAYMENT TECHNOLOGIES PRIVATE LIMITED
    Mar 31, 2025 · Amount transferred to any fund specified under Schedule VII as per second proviso to sub section 5 of section 135. Amount. Date of transfer.
  39. [39]
    [PDF] Strengthening Defences against Emerging Threats - Axis Bank
    Jul 17, 2024 · Compliant with. ISO27001 and PCIDSS standards and holding a ISO27017 cloud security certification, the Bank demonstrates its commitment to.
  40. [40]
    Top cybersecurity trends to look out for in 2024 - Axis Bank
    Jan 15, 2024 · Understanding cyberattacks and cybersecurity · (A) Enhanced social engineering attacks · Protection strategies · (B) Surge in ransomware attacks.Protection Schemes · Handling Iot And Cloud... · Ensuring Remote Work...
  41. [41]
    [PDF] annual-report-for-the-year-2023-2024.pdf - Axis Bank
    Jul 31, 2024 · This report provides a comprehensive overview of Axis Bank's financial and non-financial performance, including ESG, strategic direction, and ...
  42. [42]
    Online Recharge, Bill Payments, UPI, Gold Loan- Freecharge
    Do Online Recharge, utility bill payments, dth & fastag recharge with Freecharge pay later option. Download Freecharge app for UPI payments & financial ...Fastag Recharge · Customer Support · Make life easierMissing: wallet 2025
  43. [43]
    Jio Recharge 2024:Plans & Fast & Secure Top Ups on Freecharge
    Freecharge provides a detailed transaction history that helps you keep track of your recharge history and balance. Secure transactions. Freecharge uses advanced ...
  44. [44]
    https://www.freecharge.in/services
  45. [45]
    Freecharge: UPI, Credit Cards - App Store - Apple
    Rating 4.6 (4,483) · Free · iOSAvail amazing cashback offers on electricity bill payment, water bill payment, gas bill payment, postpaid bill payment, and broadband bill payment. • Book ...
  46. [46]
    Inactive Wallets - How to Contact Freecharge | Customer Support
    You will be able to use the Cashback amount even if your Wallet is Inactive.Cashback is given in the form of Gift Instrument.Gift Instrument is shown as a part ...Missing: 2025 | Show results with:2025
  47. [47]
    Special UPI offers for Myntra, McDonald, Zepto & More on Freecharge
    Explore UPI offers and coupons, including special merchant offers for McDonalds, Myntra, Magic Pin, Big Basket, and Zepto. Save more now with Freecharge.
  48. [48]
    Freecharge Promo Codes & Offers: ₹15 Cashback | Nov 2025
    Today Freecharge Promo Codes for Nov 2025 | Freecharge Coupons & Offers ₹15 Cashback on Mobile Recharge, Credit Card Bill Payment, Electricity Bill.
  49. [49]
    Google Play Gift Card Recharge Online at Freecharge
    Get Google play recharge voucher and purchase your favorite games, books, digital content , in-app items available on the play Store.
  50. [50]
    Freecharge UPI & Bill Payments - Apps on Google Play
    Rating 4.2 (1,420,636) · Free · AndroidManage water, gas, postpaid mobile, and broadband bills effortlessly with exciting cashback offers. Credit Card Payments: Simplify credit card bill payments ...
  51. [51]
    Mutual Funds - How to Contact Freecharge | Customer Support
    Investing through Freecharge app is very simple. Simply click on Mutual Funds and select the fund you wish to purchase. Enter your PAN details and provide us ...
  52. [52]
    Freecharge - Parallel 2025 Live
    You can also invest in Mutual Funds (through SIPS or lump sum), Digital Gold, Express FD; buy Deals from different brands; pay with Freecharge for movies ...
  53. [53]
    Freecharge Introduces New Financial Services of Mutual Funds with ...
    The brand wanted to promote the introduction of Mutual Funds services on its app, along with the ease of investing in SIPs via their new, all-digital service.
  54. [54]
    Freecharge FY25: Revenue down 35%, slips into red with Rs 42 Cr ...
    Sep 29, 2025 · Fintrackr: Freecharge slipped into losses in FY25, reversing its performance from a profit of Rs 79 crore in FY24, on the back of declining ...Missing: 2024 | Show results with:2024
  55. [55]
    [PDF] Annual Report for Freecharge Payment Technologies ... - Axis Bank
    Jun 4, 2024 · This nascent business channel has shown a steep scale up and with disbursement run rate of 30 Cr in March 2024.
  56. [56]
    Why Did Snapdeal Sell FreeCharge, Reveals Kunal Bahl - Inc42
    Oct 9, 2018 · Snapdeal founders Kunal Bahl and Rohit Bansal acquired FreeCharge in April 2015 for an estimated $400 Mn. Snapdeal sold the digital payment app FreeCharge to ...
  57. [57]
    Axis Bank Partners with Freecharge to Offer Gold-Backed Credit on ...
    Sep 29, 2025 · Axis Bank partners with Freecharge to offer Credit on UPI with Gold Loans, facilitating access to digital credit for MSMEs and entrepreneurs ...
  58. [58]
    Axis Bank and Freecharge Partners to Launch India's First Gold ...
    Sep 30, 2025 · Axis Bank has unveiled India's first gold-backed credit line available via UPI, offering MSMEs, merchants, and self-employed individuals ...Missing: volume | Show results with:volume
  59. [59]
    Fast & Secure Prepaid Recharge on Freecharge
    Recharge your prepaid mobile instantly with Freecharge! Explore the best Jio, Airtel, VI, & BSNL prepaid plans for 2025 with 5G data, OTT benefits ...Missing: telecom partnerships API integrations
  60. [60]
    Now, Pay at Zomato with Freecharge - Business Standard
    Aug 4, 2016 · Through this partnership, we will be able to offer our fast and secure digital payment expertise to the large customer base of Zomato and gain ...
  61. [61]
    Update: FreeCharge gets a wallet license from the RBI - MediaNama
    Dec 6, 2016 · Snapdeal bought FreeCharge for a reported $450 million in 2015 and is positioning the wallet service as a default payment service along the ...Missing: challenges Paytm
  62. [62]
    Freecharge partners Axis Bank for UPI support - Business Standard
    Jul 17, 2016 · Snapdeal-owned Freecharge has partnered Axis Bank to allow users to make payments using Unified Payments Interface (UPI) system through its platform.
  63. [63]
    UPI rule change: Use any UPI app to pay from your wallet as RBI ...
    Dec 27, 2024 · Now PPI wallet holders (Paytm, PhonePe, Freecharge, etc) can now link their wallets with third-party UPI apps and make a payment. Jyoti ...Missing: NPCI | Show results with:NPCI
  64. [64]
    How FreeCharge found its Mojo - Founding Fuel
    Apr 13, 2015 · The only issue was that there was no business model yet. In fact ... In fact, there was a widespread perception in the venture capital industry ...Missing: cashback | Show results with:cashback
  65. [65]
    Sandeep Tandon- Co-founder of FreeCharge - StartupTalky
    Feb 24, 2022 · Sandeep Tandon co-founded FreeCharge in August 2010 with Kunal Shah. The company was headquartered in Gurugram, India. The users having pre-paid ...Megha Rani, Anik Banerjee · Sandeep Tandon- Biography · Sandeep Tandon- Professional...
  66. [66]
    Kunal Shah – Keynote Speaker
    FreeCharge was started in 2010 by Kunal Shah and Sandeep Tandon. In 2011 FreeCharge was named one of the most promising technology startups from India by ...
  67. [67]
    Kunal Shah: The Visionary Behind Freecharge and CRED - Sovrenn
    Kunal was born in 1983 in Mumbai. His father was a businessman and his mother was a homemaker. He grew up in an environment where resilience was necessary, not ...Missing: background | Show results with:background
  68. [68]
    What is Freecharge's business model? - Vizologi
    The business model of FreeCharge is primarily based on a transaction fee model. The company earns revenue by charging a small fee or commission for ...
  69. [69]
    Sandeep Tandon | Golden
    Sandeep Tandon (born May 17, 1969) is an Indian engineer and entrepreneur who co-founded FreeCharge. Tandon is also the managing director of Tandon Group.Missing: background seed capital
  70. [70]
    How FreeCharge found its mojo, and Snapdeal - Mint
    Apr 22, 2015 · But during 2014, mobile app transactions grew almost 50 times. FreeCharge raised two quick, successive rounds of financing, both with ...
  71. [71]
    [PDF] Investor Presentation - Quarterly Results Q2FY26 - Axis Bank
    Oct 14, 2025 · Operating profit & Core operating profit. Operating Profit (OP) ... Financial Performance ($ mn). Q2FY26. Q2FY25. % Growth. H1FY26. H1FY25.
  72. [72]
    Sameer Shetty - Senior Management - Axis Bank
    Sameer is a director on the Boards of Freecharge Payment Technologies Private Limited, Freecharge Business and Technology Services Limited, and the Indian Banks ...Missing: key | Show results with:key