Online e-commerce giant Amazon has made a late bid for FreeCharge, the digital payments platform owned by troubled e-commerce marketplace Snapdeal, a development that comes at a time when the Gurgaon-based company is also in discussions to sell its payments unit to Axis Bank and telecom operator Bharti Airtel’s mobile wallet Airtel Money.

According to two sources aware of the development, Amazon’s bid is in the range of $70-$80 million (Rs 466-532 crore), with a term sheet signed by the Seattle-headquartered e-commerce behemoth and Jasper Infotech, which owns and operates both Snapdeal and FreeCharge, last week.

The latest set of developments comes a little over two weeks after Axis Bank, the country’s third-largest private sector lender, emerged as one of the front-runners to acquire FreeCharge for about $60-$65 million, as reported by ET in its edition dated July 8th.

Rival Paytm has also held talks to acquire FreeCharge, and has made a bid of $10 million, ET had reported.


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