• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Top Management Rejig At Freecharge; Govind Rajan Elevated As CEO

Bhagya P by Bhagya P
May 25, 2016
in News
0
FreeCharge raises $80 mn from Valiant, others in series C funding
215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

Freecharge_Logo

You might also like

Byju’s calls for AGM to approve audited FY22 financials as more troubles mount

Spotify to cut 1,500 jobs in third layoff round this year, shares jump

BYJU’S Delays November Pay Of 1K Staff Citing Technical Glitch

May 25, 2016: Freecharge, Snapdeal-owned digital payments platform has elevated its chief operating officer Govind Rajan to the position of chief executive, while co-founder Kunal Shah has been made Chairman of the company.

The CEO of Airtel Money, Rajan was recruited by Snapdeal last year to build the e-commerce company’s payment solutions. He was given the additional responsibility of handling the operations of the company post the freecharge acquisition.

Rajan in a statement said, “FreeCharge is built on a robust foundation of cutting-edge technology, superlative customer experience and a deep understanding of consumer needs. Kunal has built a great tech team and an iconic brand. It is a privilege to take the baton from him.”

Freecharge was bought by Snapdeal in April last year in a $400 million deal and has since transformed from an online recharge service provider to a full-fledged digital payments platform. The company offers mobile recharge, bill payments and a digital wallet.

Kunal Shah said, “Govind has led with great insight and initiative. His understanding of the payments industry and its future trends is equally matched by his discipline and ability to get things done.”

With market leader Paytm claiming to have over 100 million users, Snapdeal is pegged at number two in the Indian digital wallet space. While Paytm launched its own e-commerce marketplace, common investors in Freecharge and Snapdeal felt the synergies of the two companies would match.

So far Snapdeal is maintaining Freecharge as a separate entity with its own CEO and management team, however, both the e-commerce and mobile payments arms cross-sell each other’s businesses on their websites and apps. Unlike Paytm, Snapdeal does not hold a payment bank license, but has partnered with Yes Bank and payment bank license holder FINO PayTech to power its digital wallet.

Also Read:  PayTm Appoints 2 Citi Executives For Its Payments Bank

FreeCharge Partners redBus To Provide On-The-Go Bus Tickets

Tags: CEOfreechargeIndialeadershippaytmSnapdealstartups
Tweet54SendShare15
Bhagya P

Bhagya P

Recommended For You

Byju’s calls for AGM to approve audited FY22 financials as more troubles mount

by Ishaan Negi
December 5, 2023
0
Byju’s Challenges ‘Predatory’ Lenders in $1.2B Term Loan Lawsuit

Byju's, the largest edtech business in India, has called an annual general meeting (AGM) as it navigates rough waters right now due to a number of issues. This...

Read more

Spotify to cut 1,500 jobs in third layoff round this year, shares jump

by Ishaan Negi
December 5, 2023
0
Spotify to cut 1,500 jobs in third layoff round this year, shares jump

The massive worldwide music streaming company Spotify made a huge move by announcing a significant reduction in staff, part of a strategic pivot aimed at balancing its finances....

Read more

BYJU’S Delays November Pay Of 1K Staff Citing Technical Glitch

by Ishaan Negi
December 4, 2023
0
Byju’s Initiates Lender Call for Loan Amendment Proposal Amidst Financial Struggles

Leading edtech company BYJU'S is currently traversing a tumultuous period of difficulties, with anything from a large valuation decline to around 1,000 employees' salaries being delayed. This article...

Read more
Next Post
Your Dose Of Disruptive Tech For This Week !

Microsoft Opens Wallet To Extend Internet In Remote Areas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems .

Related News

How To Beat Escape from the Castle Claymount

How To Beat Escape from the Castle Claymount

December 2, 2023
Blooket

How to hack blooket

September 30, 2022
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
How to get Santa on ring doorbell

How to get Santa on ring doorbell

August 7, 2022
How To Skip Fortnite Queue Xbox

How To Skip Fortnite Queue Xbox

December 3, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?