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Snapdeal strategy head Jason Kothari formally takes over at FreeCharge

Monday, March 20, 2017 | More »

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E-commerce firm Snapdeal, operated by Jasper Infotech Pvt. Ltd, has appointed Jason Kothari as chief executive officer of its mobile recharge platform FreeCharge. Kothari will also continue his key leadership role as chief strategy and investment officer at Snapdeal, the company said in a statement....

Snapdeal

Two senior executives resign from Snapdeal’s Bangalore centre

E-commerce firm Snapdeal, owned by Jasper Infotech Pvt. Ltd, continues to see senior-level churn. This time, the company’s two associate vice presidents Balaji Hariharan and Hemanth Kota have resigned, a report in The Economic Times stated citing people aware of the development. Hariharan serv...

18 March, 2017 | More »

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Snapdeal’s potential fundraise from Softbank may cut its valuation in half

E-commerce firm Snapdeal is in talks to raise funds from existing investor Softbank, which could see its valuation fall below $3 billion, a financial daily reported on Wednesday. Jasper Infotech Pvt. Ltd., which runs Snapdeal, is looking to raise approximately $300 million, of which $100-150 million...

8 March, 2017 | More »

Snapdeal

Snapdeal sellers knock govt’s doors as e-tailer struggles

A group of sellers on online marketplace Snapdeal has approached commerce minister Nirmala Sitharaman to protect their interests as the company’s troubles mount. The All India Online Vendor Association (AIOVA), an industry group set up to safeguard sellers’ welfare, said in a letter to Sitharama...

24 February, 2017 | More »

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Snapdeal layoffs: In the works for months, but kept out of employees’ sight

For employees of India’s third-largest e-commerce firm Snapdeal, the last couple of weeks have been stressful, to put it mildly. The tension is palpable, with the HR calling everyone for a one-on-one session, a meeting that will decide whether they are headed towards the exit door or will mana...

23 February, 2017 | More »

Govind Rajan

FreeCharge CEO Govind Rajan quits

FreeCharge chief executive officer Govind Rajan has resigned from the company just nine months after he was appointed to lead the Jasper Infotech-owned digital payments subsidiary. “It has been a unique privilege to helm FreeCharge in these exciting times of rapid growth and user-focussed innovati...

22 February, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

Will abundant cash supply spoil the m-wallet party?

Without a doubt, digital wallets have been the biggest beneficiary of Prime Minister Narendra Modi’s November move to scrap high-value banknotes. The resultant cash crunch brought thousands of borderline and non-users into the ecosystem, something that would have otherwise taken a few quarters...

9 February, 2017 | More »

PhonePe

Flipkart-owned PhonePe in talks with PayPal to raise funds

Flipkart-owned PhonePe is in talks to raise a significant amount of funding independently at a valuation of about $500 million as strategic investors line up for a slice of India’s booming e-payments market, a national daily reported on Wednesday, citing people aware of the development. A repo...

8 February, 2017 | More »

E-wallets

E-wallets may soon have to insure customers’ money

The government is looking to introduce insurance for transactions done through e-wallets, and it has held three meetings with insurers and mobile wallet companies in this regard, a media report said on Monday. Through new regulations, the government hopes to make it mandatory for mobile wallets to i...

30 January, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

FreeCharge rolls out Google Play recharge codes on app, website

Mobile wallet firm FreeCharge said on Wednesday that users can now purchase Google Play recharge codes on its app and website. The codes can then be redeemed on the Google Play Store to buy digital content like movies, games, e-books, Android apps etc., the company said in a media release. Users fir...

25 January, 2017 | More »

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