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Thursday, April 6, 2017

SoftBank may sell Freecharge at 50% discount for $200 million

SoftBank may sell Freecharge which owned by Snapdeal at 50% discount for $200 million. And Paytm is the front runner for the acquisition.

Also read: FreeCharge CEO Govind Rajan quits company

Freecharge has been acquired by Snapdeal parent company Jasper Infotech two years back.

According to report Vijay Shekhar Sharma-led Paytm was approached by SoftBank few months back when Jasper Infotech was seeking a valuation of at least $500 million for Freecharge. Paytm may look to pay around $150 million, provided Freecharge comes with exclusivity rights.

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