About FreeCharge
FreeCharge is a company based in Gurugram (India) founded in 2010 was acquired by Axis Bank in July 2017. 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 as of April 06, 2024. FreeCharge has completed 2 acquisitions, including Preburn and Wishberg. FreeCharge offers products and services including UPI Payments, Mobile Recharge, Bill Payments, and Personal Loan. FreeCharge operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, MoneyGram and One97 Communications, among others.
- Headquarter Gurugram, India
- Employees 904 as on 06 Apr, 2024
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Freecharge Payment Technologies Private Limited
- Date of Incorporation 14 Jan, 2015
- Jurisdiction Dlf Qe, Haryana, India
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Annual Revenue
$49.51 M (USD)40.88as on Mar 31, 2023
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Net Profit
$5.96 M (USD)119.31as on Mar 31, 2023
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EBITDA
$7.6 M (USD)78.33as on Mar 31, 2023
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Total Equity Funding
$116.92 M (USD)
in 5 rounds
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Latest Funding Round
$80 M (USD), Series C
Feb 05, 2015
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Investors
Axis Bank
& 7 more
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Employee Count
904
as on Apr 06, 2024
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Investments & Acquisitions
Preburn
& 1 more
- Acquired by
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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.
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.
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.
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Venture capital investments are provided by Sofina to emerging companies.
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Venture capital firm focused on early-stage technology companies
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Venture capital firm investing in startups and providing support programs.
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Investor details for FreeCharge
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by FreeCharge
FreeCharge has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Preburn and Wishberg.
Investment portfolio details for FreeCharge
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
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Instructional support and professional development for educators are provided.
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Online platform to track goals and wishlists
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Complete acquisition details for FreeCharge
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Financial Statements - FreeCharge
Detailed financials for FreeCharge
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- Profit trends
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Freecharge Comparisons
Peer comparison for FreeCharge
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- Named peers
- Headcount comparison
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Competitors of FreeCharge
FreeCharge operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PhonePe, MobiKwik, Paytm, MoneyGram and One97 Communications, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment, financial, investment, and lending services are provided digitally.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Digital payments, financial services, and e-commerce platforms are provided.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-based payment solutions are provided for consumers and businesses.
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Detailed competitors of FreeCharge
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- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Freecharge
Complete news archive for FreeCharge
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 current CEO of FreeCharge.
FreeCharge is a funded company, having raised a total of $116.92M across 5 funding rounds to date.
As of Apr 06, 2024, the latest employee count at FreeCharge is 904.
Annual revenue of FreeCharge is $49.51M as on Mar 31, 2023.
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.