India’sĀ online mobile recharge & utility bill payment firm, FreeChargeĀ which is backed by U.S. venture capital investor Sequoia Capital, Ā on Friday received another $80 million in fresh funding from investors including Valiant Capital Management & Tybourne Capital Management.
In September last year, FreeCharge had raised $33 million in Series BĀ funding. The current roundĀ makes the total funding in Freecharge close to $117 million.
According to the company’s co founder Kunal Shah, the companyĀ has a user base of more than 20 million and there have been 10 million downloads of the app in the past year.85% of the company’s transactionsĀ comeĀ only from mobile.