Snapdeal To Acquire Freecharge For $450mn [Rumor Mill]

Snapdeal is in talks to acquire Freecharge for $450mn, making it (if at all it happens) India’s largest online consumer deal.freecharge-new-logo
What’s the synergy between Freecharge and Snapdeal?
Well, Freecharge which recently raised $80mn in Series C is betting big on mobile (couponing) space and Freecharge will provide Snapdeal access to consumers (and their credit cards) and brands.
In another news, Snapdeal is raising another $700mn from Foxconn and is also in talks to acquire ad network, Komli (after Flipkart acquired Adiquity).
[via]

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