/home/leansigm/public_html/components/com_easyblog/services<title>Advancement of Digital Commerce Ecosystem in India</title>
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	<h1>Advancement of Digital Commerce Ecosystem in India</h1>
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			<span class="post-date">Apr 13</span>

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				Posted by <a href="/forum/user/895-amrita-arora">Amrita Arora</a>				in <a href="/blog/categories/banking-financial-services-and-insurance">Banking ,Financial Services and Insurance</a>			</span>
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	<p class="MsoNormal" style="text-align: justify;"><span style="background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">On 8<sup>th</sup> April, 2015, Snapdeal announced that it has acquired <strong>FreeCharge</strong>, an online recharge platform, for an estimated <strong>$400 million</strong>. This is one of the<strong> biggest acquisitions</strong> in the history of the internet industry in India and sets up Snapdeal to build the most impactful digital commerce ecosystem in India. According to Snapdeal co-founder and CEO<span class="apple-converted-space">&nbsp;</span><strong>Kunal Bahl</strong><span class="apple-converted-space">, “</span><strong>The joint entity would create the country's largest mobile commerce platform with over 40 million customers.</strong>” </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">To know more about this deal, read the following <strong>Times of India</strong> article:</span></p>
<p class="MsoNormal"><a href="http://timesofindia.indiatimes.com/business/india-business/Snapdeal-buys-Freecharge-for-400m/articleshow/46857876.cms" target="_blank">http://timesofindia.indiatimes.com/business/india-business/Snapdeal-buys-Freecharge-for-400m/articleshow/46857876.cms</a></p></div>

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	Tags
		<a href="/blog/tags/mobile-commerce-platform">
		<span itemprop="keywords">mobile commerce platform</span>
	</a>
		<a href="/blog/tags/m-commerce">
		<span itemprop="keywords">M-Commerce</span>
	</a>
		<a href="/blog/tags/e-commerce">
		<span itemprop="keywords">E-commerce</span>
	</a>
		<a href="/blog/tags/online-recharge-platform">
		<span itemprop="keywords">online recharge platform</span>
	</a>
		<a href="/blog/tags/digital-commerce-ecosystem">
		<span itemprop="keywords">digital commerce ecosystem</span>
	</a>
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