Online mobile recharge portal, FreeCharge Raises a Funding of $80 Million

FreeCharge, an online mobile recharge site has raised $80 million in funding from new investors Valiant Capital Management & Tybourne Capital Management. The company is already backed by the U.S. venture capital investor Sequoia Capital.  Being an inventor of an online mobile phone and utilities bill payment service, the company is focusing on to create an innovative channel that can deliver more for less to an Indian consumer with the creation of a convenient recharging process. FreeCharge enables users to recharge pre-paid and post-paid mobile phones online and get rewarded with discount shopping coupons for using its site.  The company's real-time service accessibility through mobile platforms and web portal encourages the customers to have larger transactions to avail the services at its best.  The Chief Executive of FreeCharge, Ashok Goel says that 85 percent of the transactions are now conducted on mobile phones.

FreeCharges's user friendly interface allows an easy and instant recharging process that allows customers to have hassle-free online experience. Abiding by strict security guidelines as per industry standards, the company's services are fast and secured for prepaid mobile recharge for most Indian telecom service providers including Vodafone, Airtel, Loop, Reliance and more.  However, the other offerings of the company include DTH connections or Data Cardsm, and it is coming up with new services in the days to come. FreeCharge's mobile recharge service is not time consuming and its ease of accessibility makes it more appealing for the customers. Committed to deliver best to the customers, FreeCharge's highly efficient and professionally team make sure that the customers are 100 percent satisfied through best discounts, on time coupon delivery, voucher redemption with no hidden costs or complex terms and conditions.

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