About FreeCharge
FreeCharge is a Financial Services company based in Gurugram (India) founded in 2010, and was acquired by Axis Bank in July 2017. Digital wallet services for bill payments and recharges are facilitated. FreeCharge has raised $116.92 million across 5 funding rounds from investors including Axis Bank, Snapdeal and Peak XV Partners. The company has 904 employees. FreeCharge has completed 2 acquisitions, including Preburn and Wishberg. Its chief executive, as recorded, is Mohit Jain. Its website freecharge.in draws about 222 thousand monthly visits. Its Indian entity Freecharge Payment Technologies Private Limited reported revenue of ₹312 Cr. FreeCharge offers products and services including UPI Payments, Mobile Recharge, Bill Payments, and Personal Loan. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include PhonePe, MobiKwik and Paytm; 3 of its 3 listed competitors have raised funding.
Company details
FreeCharge was established in 2010 in Gurugram, India, within the fintech sector focused on digital payments. Operations center on enabling consumer transactions for mobile recharges, DTH services, electricity, water, telecom, and gas bills, as well as money transfers. Payments are processed via credit or debit cards, bank transfers, and integrated wallets. The platform is accessible through applications on both Android and iOS devices.
- Headquarters Gurugram, India
- Employees 904
- Stage Acquired
- SectorsFinancial Services
- Website category Computers Electronics and Technology · Telecommunications
- Email••••••••
- Phone•••• ••••
- Website freecharge.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Axis Bank (Jul 2017)
- Legal Name Freecharge Payment Technologies Private Limited
- Date of Incorporation 14 Jan, 2015
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹312 Cr
FY 2025 · -33% YoY
- Net Loss-₹41.59 Cr
FY 2025 · -13% margin
- EBITDA-₹42.34 Cr
FY 2025 · -14% margin
- Total Equity Funding$116.92M (USD)
in 5 rounds
- Latest Funding Round$80M (USD), Series C
Feb 2015
- InvestorsAxis Bank
& 7 more
- Employee Count904
- Investments & AcquisitionsPreburn
& 1 more
- Acquired by
Associated legal entities of FreeCharge
FreeCharge is associated with 3 registered companies on The Company Check; the primary company is Freecharge Payment Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Freecharge Payment Technologies Private Limited CIN U74140HR2015PTC114857 | Active | 14 Jan 2015 | Gurgaon, Haryana | ₹312 Cr | 904 | 7 | View details |
| Freecharge Business And Technology Services Limited CIN U82990HR2024PLC119900 | Active | 16 Mar 2024 | Gurgaon, Haryana | ₹2.3 Cr | 6 | View details | |
| Accelyst Solutions Private Limited CIN U72900MH2008PTC185202 | Amalgamated | 29 Jul 2008 | Mumbai, Maharashtra | ₹57.2 Cr | 125 | 5 | View details |
Products & Services of FreeCharge
FreeCharge offers a comprehensive portfolio of products and services, including UPI Payments, Mobile Recharge, Bill Payments, and Personal Loan.
Enables instant money transfers via UPI for users.
Service for quick recharging of mobile phones online.
Platform for paying electricity and other bills securely.
Offers instant digital loans up to Rs. 5 Lakhs.
Apps and channels of FreeCharge
FreeCharge publishes 2 mobile apps with over 50M+ downloads; its YouTube channel Freecharge has 59.4K subscribers and 30 videos.
Videos from FreeCharge
The most watched videos on FreeCharge's YouTube channel, Freecharge (59.4K subscribers). Click a video to play it here.
More on Freecharge.
Funding Insights of FreeCharge
FreeCharge has successfully raised a total of $116.92M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in February 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $116.92M
- Total Rounds 5
- Last Round Series C — $80M
- Investors Count 6
All 5 funding rounds of FreeCharge with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2015 | $80M | Series C | – | Tybourne Capital Management, Valiant Capital Management | |
| Sep 2014 | $33M | Series B | – | Sofina, RTP Global | |
| Jan 2012 | $3.92M | Series A | – | – | |
| Jun 2011 | Seed | – | Peak XV Partners | – | |
| Jun 2010 | Seed | – | Tandon Group | – |
8 investors in total: 8 institutional.
Investors in FreeCharge
FreeCharge has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Axis Bank, Snapdeal and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are provided by Sofina to emerging companies. | sofinagroup.com | Brussels, Belgium | ||
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Manages a long-only strategy hedge fund for investors. | 2012 | tybournecapital.com | Hong Kong, China | |
Manages global equity investments and private growth strategies. | 2008 | valiantcapital.com | San Francisco, United States | |
Diversified operations are conducted across multiple industries by Tandon Group. | tandongroup.com | Mumbai, India | ||
Provider of a commercial banking services | 1993 | axisbank.com | Mumbai, India | |
Discounted products across multiple categories are sold online. | 2010 | snapdeal.com | Gurugram, India |
Investor details for FreeCharge
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Freecharge Payment Technologies Private Limited (FreeCharge)
Freecharge Payment Technologies Private Limited is the primary company behind FreeCharge. The boards of the 3 registered companies of FreeCharge currently have 5 directors; the longest-serving is Sameer Bhujanga Shetty, appointed in 2019. 59 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sameer Bhujanga Shetty DIN 08536421 | Director | 30 Aug 2019 | 7 yrs 2 mo | Freecharge Payment Technologies Private Limited, Freecharge Business And Technology Services Limited, Accelyst Solutions Private Limited |
| Rameshwar Prasad Gupta DIN 07019175 | CEO | 14 Jul 2020 | 6 yrs 3 mo | Accelyst Solutions Private Limited |
| Mohanty Subrat DIN 08679444 | Director | 20 Oct 2020 | 6 yrs | Freecharge Payment Technologies Private Limited, Freecharge Business And Technology Services Limited |
| Mohit Jain DIN 07945124 | Director | 08 Feb 2023 | 3 yrs 8 mo | Freecharge Payment Technologies Private Limited, Freecharge Business And Technology Services Limited |
| Avinash Raghavendra DIN 09021230 | Additional Director | 13 Jan 2026 | 9 mo | Freecharge Payment Technologies Private Limited, Accelyst Solutions Private Limited |
People of FreeCharge
1 people are tracked at FreeCharge (1 in leadership); the tracked headcount is 904.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership |
Complete people profiles for FreeCharge
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of FreeCharge
Figures of Freecharge Payment Technologies Private Limited, the primary company behind FreeCharge, for FY 2025. Revenue was ₹312 Cr (-33% year on year). Net loss was -₹41.59 Cr (-13% margin). EBITDA was -₹42.34 Cr (-14% margin). Revenue has grown at a compounded annual rate of +2% over three years and +13% over five years.
- ₹312 CrRevenue · FY 2025 · -33% YoY
- -₹41.59 CrNet loss · -13% margin
- -₹42.34 CrEBITDA · -14% margin
- ₹1,764 CrPaid-up capital
- 904Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Freecharge Payment Technologies Private Limited are on its company page.
Detailed financial statements for FreeCharge
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Investments & Acquisitions by FreeCharge
FreeCharge has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Preburn and Wishberg.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Instructional support and professional development for educators are provided. | preburn.in | Delhi, India | 2014 | Aug 2014 | •••• | |
Online platform to track goals and wishlists | wishberg.com | Mumbai, India | 2012 | Jul 2014 | •••• |
Complete acquisition details for FreeCharge
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of FreeCharge
7 dated milestones of FreeCharge across 7 years, from founding to its latest funding, stage changes and deals.
Competitors of FreeCharge
FreeCharge has 3 listed competitors in our database, 3 of them funded. They include PhonePe, MobiKwik and Paytm.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. |
Detailed competitors of FreeCharge
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of FreeCharge
The website of FreeCharge (freecharge.in) receives about 222.3K visits a month and ranks #111,874 among all websites worldwide, #839 in Telecommunications.
- Monthly visits222.3K
▼ 42.8% vs previous month
- Unique visitors195.8K
per month
- Global rank#111,874
among all websites
- Category rank#839
Computers Electronics and Technology · Telecommunications
- Bounce rate31%
- Pages per visit3.3
- Average visit1 min 24 sec
- DevicesDesktop 39% · Mobile 61%
Websites whose visitors overlap most with FreeCharge. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bsnl.co.in | 100% | 2.5M | #21,127 | View details | |
| rechargeitnow.com | 96% | View details | |||
| easymobilerecharge.com | 95% | 18.5K | #652,991 | View details | |
| airtel.in | 93% | 26.2M | #2,149 | View details | |
| mobikwik.com | 89% | 1.2M | #43,687 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for FreeCharge
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as FreeCharge (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Freecharge
Complete news archive for FreeCharge
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Frequently Asked Questions about FreeCharge
FreeCharge was founded in 2010.
FreeCharge is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Mohit Jain is the CEO of FreeCharge, as recorded in our data.
FreeCharge is a funded company, having raised a total of $116.92M across 5 funding rounds to date.
FreeCharge has 904 employees.
The primary company behind FreeCharge, Freecharge Payment Technologies Private Limited, reported revenue of ₹312 Cr for FY 2025, down 33% year on year.
FreeCharge was established in 2010 in Gurugram, India, within the fintech sector focused on digital payments. Operations center on enabling consumer transactions for mobile recharges, DTH services, electricity, water, telecom, and gas bills, as well as money transfers. Payments are processed via credit or debit cards, bank transfers, and integrated wallets. The platform is accessible through applications on both Android and iOS devices.
FreeCharge offers UPI Payments, Mobile Recharge, Bill Payments, and Personal Loan.
FreeCharge has 8 investors. Key investors include Axis Bank, Snapdeal, Peak XV Partners, RTP Global, and Tybourne Capital Management.
FreeCharge is associated with 3 legal entities: Freecharge Payment Technologies Private Limited, Freecharge Business And Technology Services Limited, Accelyst Solutions Private Limited.