India-based mobile commerce platform FreeCharge that provides a service where users can recharge mobile phones online has raised 80 million dollars in series C financing.
According to TechCrunch, FreeCharge gives out coupons and other rewards to users when they pay their phone, satellite television, and utility bills.
Investors such as Valiant Capital Management and Tybourne Capital Management, as well as returning investors Sequoia Capital, RuNet, and Sofina were included in the Series C round.
FreeCharge raised 33 million dollars in September in Series B. The company's latest funding brings its total raised so to around 115 million dollars so far.
Freecharge has a customer base of more than 20 million dollars and the mobile app of the company was downloaded 10 million times in 2014.