A truly ‘Made in India’ product, FreeCharge is built on a novel idea of making the transaction frictionless for customers. FreeCharge is India’s leading digital payments platform for recharge and utility payments which provides Prepaid, Post-paid, DTH, Mumbai metro recharge, Electricity and Gas bill payment for almost all Indian service providers.
It not only makes the process of recharging mobile phones, data cards, DTH and utility bill payments simpler & convenient, but also makes it rewarding by offering premium deals and offers. While making payment, users are rewarded with coupons of equal value thus practically making their recharges “Free”.
FreeCharge works with premium partners for its coupons and has built an amazingly impressive array of partnerships across online & offline retail brands in the country such as McDonalds, Flipkart, Amazon, Cleartrip, Snapdeal, Yatra, Dominos, Costa Coffee, Baskin Robbins, PVR, etc.
FreeCharge has grown over 1000% last year, leads the mobile commerce revolution in the country with 90% on its transactions happening on its app. With over 33 Million registered strong user base, FreeCharge recently completed over 15 million downloads across all its app stores. Today, every 2 out of 3 visitors end up transacting through FreeCharge.
The company was started on August 15, 2010. The company had raised funds from Valiant Capital Management & Tybourne Capital Management, Sequoia Capital, RuNet and Sofina in the last 4 years. In the largest acquisition in the consumer Internet space yet, Snapdeal acquired FreeCharge in Apr’15 resulting in India’s largest m-commerce ecosystem.
FreeCharge wallet launched in September 2015 already has a user base of over 15 million making it the fastest record break growth in digital payments history. FreeCharge aims to cross 35 million by March 2016. With a user base of over 100 million between Snapdeal and FreeCharge, the scope for FreeCharge wallet growth is huge.
FreeCharge platform witnesses 5 transactions per month per user. FreeCharge is PCI DSS compliant and is at the forefront of the mobile commerce revolution with over 90% of transactions originating from mobile. In its game changing partnership with Snapdeal, FreeCharge aims at enhancing its user base significantly.