M&A Deal Summary

Jasper Infotech Pvt. Acquires Freecharge

On April 9, 2015, Jasper Infotech Pvt. acquired internet software and services company Freecharge for 400M USD

Acquisition Highlights
  • This is Jasper Infotech Pvt.’s 4th transaction in the Internet Software and Services sector.
  • This is Jasper Infotech Pvt.’s largest (disclosed) transaction.
  • This is Jasper Infotech Pvt.’s 6th transaction in India.
Investment Fate
  • Freecharge was divested to a consortium of strategic buyers in 2017.

M&A Deal Summary
Date 2015-04-09
Target Freecharge
Sector Internet Software and Services
Buyer(s) Jasper Infotech Pvt.
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

Freecharge

Bangalore, India
Freecharge is India’s No.1 payments app. Customers across the country use Freecharge to make prepaid, postpaid, DTH, metro recharge and utility bill payments for numerous service providers.

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Buyer(S) 1

Buyer

Jasper Infotech Pvt.

New Delhi, India
Category Company
Founded 2007
Sector E-Commerce
DESCRIPTION

Jasper Infotech Pvt. Ltd. (Snapdeal) is an online marketplace offers large variety of products free shipping, cash on delivery & free returns.

DEAL STATS #
Overall 6 of 10
Sector (Internet Software and Services) 4 of 6
Type (Add-on Acquisition) 5 of 9
Country (India) 6 of 8
Year (2015) 3 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 RupeePower

Haryana, India

RupeePower is a digital financial distribution platform company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 MartMobi Technologies Pvt.

Hyderabad, India

MartMobi creates mobile sites and apps for e-commerce stores, small and medium-sized businesses.

Buy -
Mergr

Product

Company

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