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Posts Tagged ‘ Freecharge ’

Oxigen partners with eBay for assisted retail

Tuesday, November 22, 2016 | More »

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Payment solution provider Oxigen Services has got into a partnership with online marketplace eBay India, according to a press statement. This association will help Oxigen Services customers access over 100 million product listings on www.ebay.in. Under this association, Oxigen brings a unique O2O so...

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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms...

17 November, 2016 | More »

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Digital wallet firms see unprecedented growth after ban on high value notes

Prime Minister Narendra Modi’s unexpected call to abolish Rs 500 and Rs 1,000 banknotes has been welcomed with open arms by digital payment companies as they experience unparalleled growth on their platforms after the announcement. The move, it seems, validates their efforts to move the Indian con...

9 November, 2016 | More »

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Digital payments firm FreeCharge ties up with grocery retailer Heritage Fresh

Digital payments firm FreeCharge has entered into a strategic alliance with Heritage Fresh, a grocery retailer from South India, according to a press statement. With this partnership, payment though FreeCharge will be accepted at all 125 supermarkets of Heritage Fresh across Hyderabad, Bengaluru and...

4 November, 2016 | More »

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Exclusive: Kunal Shah-backed scrap collector EnCashea shuts shop

Bangalore-based scrap collection and recycling startup EnCashea, which raised a seed funding from FreeCharge co-founder Kunal Shah and others recently, has decided to shut down its operations due to an unsustainable business model that runs on thin margins, but necessitates incremental working capit...

3 November, 2016 | More »

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What keeps top angel investors going?

If you think Binny Bansal, the co-founder of India’s largest e-tailer Flipkart, is only interested in online retail space, you could not be more wrong. Bansal is as interested in aerospace and defence, healthcare, technology & equipment and leisure products, as he is in online retail, if you g...

1 November, 2016 | More »

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Why Freecharge badly needs a recharge

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...

13 October, 2016 | More »

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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 »

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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 »

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