FreeCharge is an e-commerce website based in Mumbai, Maharashtra. It provides online service to recharge any prepaid mobile phone, mobile postpaid, DTH and data cards in India. On April 8, 2015, Snapdeal acquired Freecharge in what is known as the second largest acquisition in the Indian e-commerce sector so far, after the purchase of Ibibo by rival MakeMyTrip and the largest venture capital outlet in India to date. According to The Economic Times, the deal is expected to be around $ 400 million to $ 450 million. On July 27, 2017, Axis Bank acquired FreeCharge for $ 60 million.