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Snapdeal acquires FreeCharge - The Paypers

Retrieved on: 2025-07-09 15:20:35

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Summary

An insightful piece from thehindu.com discusses Snapdeal's strategic acquisition of FreeCharge, heralded as a major move in India's consumer internet landscape. The merger allows FreeCharge to maintain its independent operations, enhancing Snapdeal's digital commerce ecosystem. Founded in 2010 by Kunal Shah and Sandeep Tandon, FreeCharge rewards users for mobile top-ups and utility payments, bolstered by substantial funding.

  • Largest acquisition in India's consumer internet space.
  • FreeCharge to operate independently post-acquisition.
  • Snapdeal aims to expand its digital commerce platform.
  • Supported by notable investors including Sequoia Capital and Ratan Tata.

Article found on: thepaypers.com

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