FreeCharge

paymentsbill payments

STATUS: Acquired/Merged
FOUNDING YEAR: 2010
LOCATION: India
Last Update: 19/01/2021

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MEDICI Analysis

Freecharge was acquired by Axis Bank on July 27, 2017. Online and Mobile Recharge and Bill Payments Service Provider.

Focus

PRODUCTS & SERVICES

A digital payment platform.

REVENUE MODEL

The company generates revenue in the form of commissions from its partners.

MAIN CLIENTS

Mcdonalds

Baskin Robbins

Cafe Coffee Day

EXISTING PARTNERSHIPS

Airtel

Vodafone

Docomo

Idea

BookmyShow

COMMENT

Freecharge provides comprehensive list of payment options.

People

FOUNDERS

Kunal Shah

Sandeep Tandon

NUMBER OF EMPLOYEES

201-500

INVESTORS:

InnoVen Capital

RTP Global

ru-Net

Sequoia Capital

Sequoia Capital India

Snapdeal

Sofina

Tybourne

Valiant Capital Partners

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

6

TOTAL FUNDING

$120.37 M

DATE OF LAST FUNDING

Sep 2017

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

SEED CLOSED ON

Jan 2011

FUNDING SERIES

SERIES A  · $3.98 M  · Jan 2012

SERIES B  · $33 M  · Sep 2014

SERIES C  · $80 M  · Feb 2015

SERIES D  · $3.39 M  · May 2017

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

Axis Bank

ANNOUNCED DATE

Jul 2017

PRICE

$60.04 M

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

2,843,362

AVERAGE VISITS (6 MONTHS)

3,112,579.46

MONTHLY VISITS GROWTH

-6.04%

VISIT DURATION

337

VISIT DURATION GROWTH

6.15%

PAGE VIEWS VISIT

5.78

PAGE VIEWS VISIT GROWTH

3.98%

BOUNCE RATE

29.76%

BOUNCE RATE GROWTH

-0.18%

GLOBAL TRAFFIC RANK

14,283

MONTHLY RANK CHANGE

-946

MONTHLY RANK GROWTH

-6.21%

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