FreeCharge

FreeCharge

FreeCharge is a business unit of Accelyst Solutions. It is an e-commerce site which service is to give users coupons for charging their mobile plans.

Founded: August 2010

About FreeCharge

FreeCharge is a business unit of Accelyst Solutions Pvt. Ltd. It 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.[2] After getting seed funding of an undisclosed amount from Tandon Group, members of the Mumbai Angels through Accelyst Solutions[3] and Sequoia Capital in 2010, the company secured Series A funding of INR 200 million from Sequoia Capital in 2011.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.

They don't just make the process of recharging convenient, they make it rewarding, by way of discount coupons. And while they're at it, their super efficient and professionally sound team makes sure their customers are 100% satisfied. Today, they help customers recharge their prepaid mobile phones, DTH connections or data cards, but wait and watch what they get into next. Whatever it is, they promise to make it just as rewarding!

For every recharge done on FreeCharge, we give you discount coupons from top food joints and popular retailers, equivalent to your recharge amount, delivered to your mobile, inbox or doorstep.

It was acquired by Snapdeal on April 8, 2015

Team

Funding

INVESTOR
STAGE
AMOUNT
DATE
Round: Venture Round
Round Size: US$20M
Date: Mar 2017
Round: Acquisition
Round Size: Undisclosed
Date: Apr 2015

United States of America

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Round: Series C
Round Size: US$80M
Date: Feb 2015

United States of America

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Round: Series B
Round Size: US$33M
Date: Sep 2014