Freecharge for 60Mn, Nearbuy & Little for 30?

In August 2017, Axis Bank acquired Freecharge for Rs. 385Cr (in an all-cash deal)! Cash!! The value, apparently, was driven by Freecharge’s 54Million+ user base. So, that’s more than Rs. 70 per Freecharge customer, approximately. The world since then, like us, has been busy congratulating or bashing the deal-makers. Once the dust settled, we looked[…]