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Mobile Commerce Platform Raises $80 Million

Mobile transactions platform FreeCharge today said it has raised USD 80 million (about Rs 494 crore) from Valiant Capital Management, Tybourne Capital Management as well as the already invested firms. The Series-C funding will bring new investors Valiant Capital Management and Tybourne Capital Management on board, FreeCharge said in a statement. The round also saw participation from existing investors n the company, Sequoia Capital, RuNet and Sofina, it added. FreeCharge is a mobile commerce platform where users can pay their mobile, DTH and utility payments across most major operators.

Read the whole story at Financial Express »

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