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Posts Tagged ‘ Freecharge ’

Online payments firm PayU to buy rival Citrus Pay for $130 mn

Wednesday, September 14, 2016 | More »

Citrus
Online payments company PayU, owned by South African Internet conglomerate Naspers, has agreed to buy Mumbai-based rival Citrus Pay for $130 million (Rs 865 crore) in one of the largest takeover deals in India’s nascent but rapidly growing fintech sector. The deal will increase PayU’s India cust...

Sequoia-funding

Zilingo gets Sequoia funding; Angels smile on Hubli- and Kochi-based startups

Thailand’s online fashion marketplace Zilingo raised $8 million in Series A round of funding by venture capital firm Sequoia Capital India and others. In an earlier round, founders of payment wallet FreeCharge had invested in Zilingo which is registered in Singapore. The week also saw Kochi-based ...

10 September, 2016 | More »

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Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 | More »

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Exclusive: Paytm valued at $4.8 bn in new funding round

One 97 Communications Ltd, which runs mobile payments and e-commerce platform Paytm, has received commitment of $60 million (Rs 403 crore) from Taiwanese chipmaker MediaTek Inc.’s Mountain Capital fund as part of its ongoing fundraising exercise. A person directly familiar with the development...

29 August, 2016 | More »

Mrinal Sinha

We are neck and neck with Paytm: MobiKwik’s Mrinal Sinha

Digital wallet firm MobiKwik is betting big on the offline space and expects the biggest chunk of its business coming from this segment in the next 18-24 months. The Gurgaon-based company aims to increase the number of users almost five-fold within two years and says it is set to cross $2 billion in...

29 August, 2016 | More »

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Crownit raises funding from Girish Mathrubootham, Kunal Shah and Anand Chandrasekaran

Gurgaon-based GoldVIP Technology Solutions Pvt. Ltd that operates merchant discovery and rewards platform Crownit has secured an undisclosed investment from a group of investors, it said in a statement. Those who took part in the funding round include Freshdesk CEO Girish Mathrubootham, Freecharge...

26 August, 2016 | More »

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Exclusive: EnCashea in talks to buy smaller rival RaddiMan; raises funding from Kunal Shah, others

Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors. The company is now in advanced talks to acquire its city-based rival RaddiMan, a p...

23 August, 2016 | More »

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Exclusive: Snapdeal eyes nearly $1.2 bn valuation for FreeCharge

Online marketplace Snapdeal is looking to sell a stake in unit FreeCharge at a valuation of as much as $1.2 billion (Rs 8,000 crore), a person aware of the development said, as the retailer seeks to monetise its investment in the digital payments company it acquired last year. Snapdeal has been in d...

12 August, 2016 | More »

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MobiKwik and FreeCharge trade barbs as mobile wallet war gets nasty

Which is the number two mobile wallet company in the country? That question has sparked off an online spat between digital recharge platform and mobile wallet venture MobiKwik, run by One MobiKwik Systems Pvt Ltd, and Snapdeal-owned rival FreeCharge. A Nielsen report on mobile wallets released last ...

16 June, 2016 | More »

Ajay Modani (left) and Harsh Singla, founders of Cookifi

On-demand chef hiring platform Cookifi gets seed funding from FreeCharge’s Kunal Shah, others

Bangalore-based Commercio Connectivity Pvt. Ltd, which runs online chef and cook hiring platform Cookifi, has raised an undisclosed amount in seed funding from investors led by Kunal Shah, chairman of FreeCharge, and Aneesh Reddy, co-founder and CEO of Capillary Technologies. Other investors include...

8 June, 2016 | More »

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