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Posts Tagged ‘ Freecharge ’

Why Freecharge badly needs a recharge

Thursday, October 13, 2016 | More »

The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of d...


Chinese search engine giant Baidu sets up $3 bn investment fund

Beijing-based search engine major Baidu Inc. has set up a 20 billion Yuan ($3 billion) fund to invest in the internet sector, the firm said on Wednesday. According to Reuters, the fund ‘Baidu Capital’ will focus on mid- and late-stage firms, with individual funding amounts ranging from $50 milli...

12 October, 2016 | More »

Karthik Rajeshwaran

Freecharge hires Karthik Rajeshwaran as director of strategy

Snapdeal-controlled digital payments platform FreeCharge has appointed former Obi Mobiles executive Karthik Rajeshwaran as director (strategy). Rajeshwaran will use his expertise to usher-in consumer centric innovations to expand revenue across new business opportunities, Freecharge said in a press ...

12 October, 2016 | More »


How ‘profitable’ RechargeitNow lost to ‘non-profitable’ funded startups

Sharat Jain is not sure today if his vision of keeping his company profitable, even if that came at the cost of having a small customer base, was right. Online Recharge Services Ltd, the firm which he launched in 2010 with two partners, is the only profitable venture in the online recharge industry ...

10 October, 2016 | More »


After Foxconn and Tencent, SoftBank lines up for investment in FreeCharge

Japanese internet conglomerate SoftBank Group Corp is reportedly in talks to invest between $150 and $200 million in Snapdeal-owned digital payments unit FreeCharge. The investment could take FreeCharge’s valuation to $700 million-$1 billion, according to a report in The Economic Times on Thursday...

6 October, 2016 | More »


Online B2B marketplace Bharat Bazaar gets funding from BeeNext, others

Mumbai-based White Shadow Technology Pvt. Ltd that operates online business-to-business (B2B) marketplace Bharat Bazaar has raised an undisclosed amount in seed funding from a clutch of investors. The investors participated in the round included BeeNext, a Singapore-based early-stage technology fund...

3 October, 2016 | More »

Rajesh Bysani, CPO, Zoomcar

Zoomcar names ex-FreeCharge exec Rajesh Bysani chief product officer

Self-drive car rental startup Zoomcar India Pvt. Ltd has appointed Rajesh Bysani as its chief product officer. Prior to joining Zoomcar, Bysani led product and growth at digital payments firm FreeCharge. He also worked as AVP for products at bus ticketing platform redBus, where he was leading the B2...

27 September, 2016 | More »


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

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...

14 September, 2016 | More »


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 »


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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