When was FreeCharge founded?

FreeCharge was founded in 2010 and raised its 1st funding round within a year of its incorporation.

Where is FreeCharge located?

FreeCharge is headquartered in Gurugram, India. It is registered at 1st Floor, Corporate Park II, Sion-Trombay Road Near Swastik Chamber, Chembur, Mumbai City, Mumbai, Maharashtra, India, 400071.

Which legal entities is FreeCharge associated with?

FreeCharge is associated with Freecharge Payment Technologies Private Limited and 3 others.

How many employees does FreeCharge have?

As of Aug 31, 2025, the latest employee count at FreeCharge is 2599.

Is FreeCharge a funded company?

FreeCharge is a funded company, having raised a total of $117M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2010.

How much is FreeCharge worth?

The last known valuation of FreeCharge was $***** as of Jul 27, 2017.

When was the latest funding round of FreeCharge?

FreeCharge's latest funding was a $***** Series C round on Feb 05, 2015, with participation from 5 investors.

What is the annual revenue of FreeCharge?

Annual revenue of FreeCharge is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does FreeCharge rank among its competitors?

FreeCharge ranks 9th amongst 146 active competitors, of which 12 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Jupiter, which secured $15M in Oct, 2025.

Who are the top competitors of FreeCharge?

FreeCharge's top competitors include PhonePe, Jupiter and Paytm. Among them, Jupiter secured the most recent funding round in October, 2025.

FreeCharge - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is FreeCharge an acquired company?

FreeCharge got acquired by Axis Bank on Jul 27, 2017.

Company Details

Digital wallet for consumer payments. Facilitates payment for mobile recharges, DTH recharges, electricity bills, water bills, telecom bills, gas bills, money transfers, and more. Payments can be made through credit or debit cards, bank transfers, and wallets. Application is available for both Android and iOS devices.

Website: www.freecharge.in
Social
Email ID: *****@freecharge.com
Phone Number: +91 **********
Part Of
Registered Address: 1st Floor, Corporate Park II, Sion-Trombay Road Near Swastik Chamber, Chembur, Mumbai City, Mumbai, Maharashtra, India, 400071

Key Metrics

Founded Year

2010

Location

Gurugram, India

Stage

Acquired

Total Funding

$117M in 5 rounds

Latest Funding Round

Series C, Feb 05, 2015, $*****

Last Known Valuation

$***** as on Jul 27, 2017

Investors

RTP Global & 7 more

Ranked

9^th among 146 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

2,599 as on Aug 31, 2025

Investment & Acquisitions

Preburn & 1 more

Similar Companies

Grab & 1913 more

Exit Details

Acquired by Axis Bank (Jul 27, 2017)

View FreeCharge's full profile

FreeCharge is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
ACCELYST SOLUTIONS PRIVATE LIMITED CIN: U72900MH2008PTC185202 , India, Amalgamated	Jul 29, 2008	₹50 - ₹100 Cr (As on Mar 31, 2020)	139 (As on Mar 31, 2021)
ACCELYST PTE. LTD. CIN: 201129276N , Singapore, Active	Dec 31, 2009	$1M - $10M (As on Mar 31, 2016)	-
Freecharge Payment Technologies Private Limited CIN: U74140HR2015PTC114857 , India, Active	Jan 14, 2015	₹100 - ₹500 Cr (As on Mar 31, 2025)	2599 (As on Aug 31, 2025)
FREECHARGE BUSINESS AND TECHNOLOGY SERVICES LIMITED CIN: U82990HR2024PLC119900 , India, Active	Mar 16, 2024	0 - ₹10 Cr (As on Mar 31, 2025)	-

FreeCharge got acquired by Axis Bank on Jul 27, 2017 at an acquisition amount of $*****.

Click here to take a look at FreeCharge's acquisition in detail

FreeCharge has raised a total funding of $117M over 5 rounds. Its first funding round was on 2010. Its latest funding round was a Series C round on Feb 05, 2015 for $*****. 5 investors participated in its latest round. FreeCharge has 8 institutional investors.

Here is the list of recent funding rounds of FreeCharge:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 05, 2015	3910467	Series C	6502260	4536014	8716340	1983686
Sep 02, 2014	6415966	Series B	8082683	4053993	4429050	Peak XV Partners
Jan 24, 2012	3987046	Series A	9322292	3215206	9503984	Peak XV Partners

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View details of FreeCharge's funding rounds and investors

The founders of FreeCharge is Kunal Naresh Shah.

Here are the details of FreeCharge's key team members:

Kunal Naresh Shah: Former Co-Founder of FreeCharge and founder of 4 other companies, including Newtap Finance, Qed Innovation and Newtap Technologies. They are also an angel investor in 301 startups and serve on the boards of 2 companies.
Contact Info: 1 phone number

View details of FreeCharge's Founder profiles and Board Members

FreeCharge's employee count trend

FreeCharge has 2,599 employees as of Aug 25. The total employee count is 58.0% more than what it was in Aug 24. Here is FreeCharge's employee count trend over the years:

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Top competitors of FreeCharge include PhonePe, Jupiter and Paytm. Here is the list of Top 10 competitors of FreeCharge, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PhonePe 2015, Bengaluru (India), Acquired	Provider of digital payment, financial, and technology solutions for consumers	$1.01B	General Atlantic, Walmart & 25 others	86/100
2nd	Jupiter 2019, Mumbai (India), Series C	Online platform offering a suite of financial services	$201M	Peak XV Partners, Z47 & 77 others	77/100
3rd	Paytm 2000, Noida (India), Public	Provider of digital payment processing and financial service management tools	$2.76B	Alibaba Group, Berkshire Hathaway & 76 others	75/100
4th	Citrus Pay 2011, Mumbai (India), Acquired	Online payment app for consumers and businesses	$32.5M	Peak XV Partners, Ascent Capital & 4 others	74/100
5th	Navi 2012, Bengaluru (India), Series B	Provider of financial products including UPI, loans, insurance, and mutual funds	$445M	Gaja Capital, NDX Financial Services & 39 others	73/100
6th	Stashfin 2016, Gurugram (India), Series C	Provider of digital lending and instant credit line solutions for individuals	$115M	Uncorrelated Ventures, Abstract Ventures ... & 40 others	72/100
7th	Super.Money 2023, Bengaluru (India), Unfunded	Provider of a payments app offering UPI, card, deposit, and loan services	-	-	64/100
8th	Postpe 2021, Gurugram (India), Funding Raised	App-based platform for point of sale financing	-	-	59/100
9th	FreeCharge 2010, Gurugram (India), Acquired	Digital wallet for consumer payments	$117M	Tybourne Capital Management, Firebolt Ventures ... & 6 others	58/100
10th	OLA Money 2015, Bengaluru (India), Series A	Provider of digital financial products and services	$27.2M	Alpha Wave Global, Z47 & 2 others	55/100