Dil ki deal! 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

  • Freecharge allows people to recharge their mobile phones with attractive coupons and offers

  • Snapdeal counts 75% business from mobile and this deal is expected to boost their sales a bit

  • It is touted to be as one of the biggest deals in mobile world so far

  • Recently, Flipkart had acquired Myntra for $300

  • Kunal Behl said Snapdeal has now become India's largest mobile commerce firm with about 40 million users.

  • Kunal also mentioned that Freecharge will continue working as an independent entity

  • Freecharge is in current competition with Paytm, another mobile recharge service with added benefits.

  • Snapdeal termed it as 'dil ki deal'. Watch Video here