Axis Bank Acquires Freecharge for $60 Million


Newsient reports:
The past few months have been quite a tumultuous time for Snapdeal. The company has had talks with multiple organizations regarding a takeover. Snapdeal, which at one point of time was considered the future of homegrown startups in India, has now succumbed to the financial pressure, and is looking forward towards a buyout. This process has now accelerated as Axis Bank acquired Snapdeal-owned Freecharge today, for $60 Million.
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