2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PhonePe
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Zomato
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Paytm
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Zender
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Detailed explanation-1: -Axis Bank acquired Freecharge from Snapdeal in a Rs 385 crore ($60 million) deal in July 2017. Before that, Freecharge’s original founders Kunal Shah and Sandeep Tandon sold the wallet platform to Snapdeal for about Rs 3,000 crore ($400 million) in April 2015.
Detailed explanation-2: -Reasons for the acquisition of Freecharge by Snapdeal Freecharge already had a wide and established customer base, acquisition of Freecharge would give Snapdeal access to those customers as well. Freecharge’s recharge customers were offered deals and were expected to become potential customers of Snapdeal.
Detailed explanation-3: -We would like to expand merchant network to almost 10 million in 3 years: Siddharth Mehta, MD & CEO, Freecharge.