<i>Dil ki deal!</i> Snapdeal acquirs Freecharge for $400 million
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New Delhi : E-commerce giant in India Snapdeal has acquired recharge firm Freecharge for a whopping 400 million dollar
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Freecharge allows people to recharge their mobile phones with attractive coupons and offers
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Snapdeal counts 75% business from mobile and this deal is expected to boost their sales a bit
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It is touted to be as one of the biggest deals in mobile world so far
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Recently, Flipkart had acquired Myntra for $300
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Kunal Behl said Snapdeal has now become India's largest mobile commerce firm with about 40 million users.
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Kunal also mentioned that Freecharge will continue working as an independent entity
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Freecharge is in current competition with Paytm, another mobile recharge service with added benefits.
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Snapdeal termed it as 'dil ki deal'. Watch Video here