Now you will start receiving fake recharges also. j/k.
http://economictimes.indiatimes.com...n-biggest-startup-ma/articleshow/46848466.cms
http://economictimes.indiatimes.com...n-biggest-startup-ma/articleshow/46848466.cms
The deal is larger than Flipkart's $300 million acquisition of its smaller rival Myntra in May last year.
Agreed 100%, but it seems the financial advisors of snapdeal thought otherwise.Freecharge is nothing compared to Myntra. Myntra was so awesome. Their customer care was at par with Amazon. Word of mouth helped them a lot.
Freecharge is shit.
As if Freecharge is any betterSnapdeal should've bought Shopclues instead. Both share the same ideology, selling on the basis of false claims.
Commission - 1.5-2.5% of the recharge amount / same like the mobile shop owner makes on recharge.btw, how does these recharging websites like freerecharge make money?
I guessed so. ButCommission - 1.5-2.5% of the recharge amount / same like the mobile shop owner makes on recharge.
Like avi said, Affiliate sales, then there is Money from recharges commission, and those coupons, companies like CCD used to actually pay them to distribute them.I guessed so. But
1. How can they afford those 10%, 20% etc discounts/cashbacks? (burning invested money ?)
2. Why such huge valuation ? (are they making lots of money or because of the ad potential of their large mobile number database?)