‘Kunal calling Kunal’ to ‘Kunal vs. Kunal’: A legal dispute remains from Snapdeal-Freecharge deal
Synopsis
Snapdeal’s acquisition of Freecharge has a yet-to-be resolved legal matter, as revealed by its draft red-herring prospectus, ahead of the company’s public listing. The dispute between Kunal Bahl and Kunal Shah over an RBI fine has snowballed into a legal dispute.
“We got the deal done in 22 days. It was simply Kunal calling Kunal.” That is how Snapdeal’s founder Kunal Bahl described the acquisition of Freecharge seven years ago. Freecharge, founded by Kunal Shah, was offering its online mobile recharge service to Snapdeal customers on the latter’s e-commerce site. Both founders decided to join forces and went into dealmaking, without involving any investment banker, as recounted by Bahl in an interview
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
To read full story, subscribe to ET Prime
Get Unlimited Access to The Economic Times
The Big Budget Sale
@ ₹34 per week
Billed annually at
₹2499 ₹1749(30% off)
Already a Member? Sign In now
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
Why ?
![]()
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
![]()
Clean experience with
Minimal Ads-
Comment & Engage with ET Prime community ![]()
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
