What is Freecharge's business focus and history?
Freecharge is a private company based in Gurugram, Haryana, India, founded in 2010 by Kunal Shah and Sandeep Tandon. It operates as a financial services platform offering online recharges, bill payments, and UPI money transfers. Freecharge has raised funding from investors including Sequoia Capital and Sofina. The company has several active competitors, including Paytm, MobiKwik, and PhonePe.
Freecharge Corporate Details & Core Services
Freecharge is an Indian financial services company offering online recharges, bill payments, UPI money transfers, and more. Acquired by Axis Bank in 2017, it serves over 100 million users across the country.
Freecharge Contact Information & Official Links
What are Freecharge's Key Business Metrics & Stats?
No of employees
Founded year 2010
Type private
SAICS CODE 7374
NAICS Code 522320
Industry Financial Services
Location Gurugram, Haryana, India
Parent Company axisbank.com
Other website freecharge.com
Pricing Strategy Free for Consumers, Transaction Fees for Merchants
Freecharge
Firmographic Snapshot
2026
2010
Founded Year
Global Employees
India
Headquarters
Financial Services Industry
Private
Type
Verified by
DexterAgent.ai
How much funding has Freecharge raised to date?
Name
Description
Funding Amount
USD 200 Million
Stage
Series A
Latest Valuation
60 Million (USD)
Lead Investor
Sequoia Capital
Investors
Sequoia Capital
What are Freecharge's Core Products?
Name
Description
Mobile Recharge
Online prepaid and postpaid mobile recharges.
Bill Payments
Utility bill payments including electricity, gas, and water.
UPI Money Transfers
Instant money transfers using UPI.
Gift Cards
Purchase gift cards from various brands.
FASTag Recharge
Recharge your FASTag for seamless toll payments.
What are the latest developments at Freecharge?
Date
Type
Description
July, 2017
Acquisition
Axis Bank acquires Freecharge for $60 million.
Freecharge VS Paytm VS MobiKwik VS PhonePe : 2026 Comparison
Feature
Freecharge
Paytm
MobiKwik
PhonePe
Core Strengths Mobile Recharge, Bill Payments, UPI Money Transfers, Gift Cards, FASTag Recharge
Paytm Wallet, Paytm Payments Bank, Paytm Money, Paytm First Games
MobiKwik Wallet, MobiKwik ZIP, Zaakpay, MobiKwik Xtra, Lens.AI
PhonePe App, Share.Market, Indus Appstore
Founded Year 2010
2010
2009
2015
Stock Name/Ticker PAYTM (NSE)
MOBIKWIK (NSE)
Type private
public
public
private
Global Employees 28000
325
10000
Revenue (Annual) $(2024)
$79.9 Thousand(2023)
$70 Million(2024)
$234 Million(2022)
Headquarters Gurugram, Haryana, India
Noida, Uttar Pradesh, India
Gurugram, Haryana, India
Bengaluru, Karnataka, India
Latest Valuation $60 Million
$20 Thousand
$1 Billion
$12 Billion
LATEST REVENUE (TRILLIONS USD)
EMPLOYEE COUNT (THOUSANDS)
INNOVATORS
VISIONARIES
DISRUPTORS
GIANTS
Paytm
79.9 | 28000
MobiKwik
70 | 325
PhonePe
234 | 10000
Competitive Landscape 2026
DexterAgent.ai
What are Freecharge's official legal and registration details?
Name
Description
Legal Name
Freecharge Payment Technologies Pvt. Ltd.
Cin number
GST number
Registration number
Who is in Freecharge's executive leadership team?
Name
Designation
CEO
Sumit Bhatnagar
Managing Director
Siddharth Mehta
Where are Freecharge's primary office locations?
City
Country
Gurugram
India
What are the current business signals and market intelligence for Freecharge?
Spending next 3 months
Product Development, Market Expansion, Customer Acquisition
Pain points
User Retention, Competition from Other Payment Platforms
Sales motion
Online Direct-to-Consumer, Partnerships with Merchants
Buyer Persona
Tech-Savvy Individuals, Small Business Owners
Type of customer
Individual Consumers, Small and Medium Enterprises
Key customer domain
axisbank.com
Annual ACV
$50 - $200 per user per year
What is Freecharge's annual revenue history?
What are Freecharge's risk management and compliance ratings?
GDPR RIsk
No
Privacy Risk
No
Company Ratings
Glassdoor Rating
Saas
Yes
Offline Stores
No
Service
Yes
Ecommerce
Yes
Exporter
No
Mobile App
Yes
Retail
No
B2B
Yes
B2C
Yes
Manufacturing
No
Wholesale
No
Importer
No
