Detailed Information About Freecharge Payment Technologies

As we already know, Freecharge was founded in August 2010 by Kunal Shah and Sandeep Tandon, but after receiving seed funding of an undisclosed amount from Tandon Group and Sequoia Capital in 2010, the company secured Series A funding of ₹20 million from Sequoia Capital in 2011.

Foundation History of FreeCharge

In November 2012, the company claimed to be doing online recharge of ₹6 million on a daily basis, translating to ₹2.19 billion a year. In 2011, Freecharge was named one of the most promising technology startups from India by Pluggd in. On 1 September 2014, Freecharge received $33 Million Series B Funding from Sequoia Capital, Sofina and Ru-Net, which was one of the biggest fundraising by an Indian technology startup. On 6 February 2015, Freecharge further raised $80 million from Hong Kong–based fund Tybourne Capital Management, SF-based fund Valiant Capital Management and existing investors. (source: Wikipedia)