Monday, June 24

Jasper Infotech Invests 30 Crore in Freecharge

Jasper Infotech which acquired Freecharge platform invested additional Rs 30 crore into the latter, according to documents filed with the registrar of companies.

Jasper infotech also own and operate one of the leading e-commerce platform of India Snapdeal.com.

An email sent to FreeCharge and Jasper spokespersons seeking comments on the latest development remain unanswered at the time of going to press.

Earlier in report, Snapdeal is in talks such as PayPal, Paytm and PayU to sell FreeCharge. The deal size is somewhere around $300 million. Snapdeal acquired Freecharge for $400-450 million in a cash-and-stock deal in mid-2015.