Around $400 million. That’s how much Snapdeal paid to acquire FreeCharge in April 2015. A significant part of the transaction was in stock. Still, Snapdeal paid out $80 million in cash. Plus, when the acquisition happened, FreeCharge had about $80 million in the bank. At the time, this acquisition was celebrated. It was the largest deal in the consumer internet space in India. Bigger than Flipkart’s acquisition of Myntra ($300 million stock and cash). Cheerleaders heralded the coming of a bigger, stronger Snapdeal plus FreeCharge e-commerce combination; one, which would in some parts take on Flipkart.