Mobile transactions platform FreeCharge said it has raised $80 million (about Rs 494 crore) from Valiant Capital Management, Tybourne Capital Management as well as existing investors.
The Series-C funding will bring new investors Valiant Capital Management and Tybourne Capital Management on board, FreeCharge said in a statement.
The round also saw participation from existing investors n the company, Sequoia Capital, RuNet and Sofina, it added.
FreeCharge is a mobile commerce platform where users can pay their mobile, DTH and utility payments across most major operators.
This round of funding will be primarily used for product innovations on mobile, team expansion and building FreeCharge as a household brand, said FreeCharge CEO Alok Goel.
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