Dil ki deal! Snapdeal acquirs Freecharge for $400 million
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