India: Snapdeal sells Freecharge to Axis Bank for a song at $60m

India: Snapdeal sells Freecharge to Axis Bank for a song at $60m

Freecharge logo captured from the company website

After much speculation, cash-strapped e-commerce major Snapdeal has finally sold its digital payments arm Freecharge to private sector lender Axis Bank for $60 million.

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