JRI Technologies Private Limited, which runs the website www.JustRechargeIt.com, has raised an undisclosed amount of funding from Ladderup Finance Limited. A consortium of Investors also took part in the funding round. Together, the investors have acquired 25% stake in the company.
According to the company, the funding will be used for brand building, hiring talent and developing technology.
JustRechargeIt.com provides mobile, Data Card and DTH recharges through Internet and Mobile channels. The website claims to offer 80+ payment options to pay for the recharges which includes all types of Credit Cards, Debit Cards, 40+ NetBanking options, Cash Cards and mobile payments. The website offers multi-lingual interface including support for Indian languages – Hindi, Gujarati, Marathi, Bengali, Punjabi, Malayalam, Telugu, Tamil, and Kannada. Similar to other websites in the segment, it also offers product discount coupons along with recharges.
Earlier this year, Freerecharge.in, another site offering online recharges, raised Rs. 20 Crore from Sequoia Capital. There’s also Paytm.com, MobiKwik and Rechargeitnow, that allow users to recharge mobile, data card and DTH service.
Disclosure: Paytm is an advertiser with MediaNama