- Axis Bank Completes Acquisition Of Digital Payments Platform FreeCharge, Names Sangram Singh As CEO Finally, FreeCharge is home. Axis bank has received approval from the RBI and has completed the acquisition of the digital payments platform, which was announced in July this year. The country’s third largest private sector lender bought Freecharge for $60 Mn in an all-cash deal. Additionally, the bank has also appointed Sangram Singh as the […]
- Snapdeal Employees Express Resentment Over Termination Of Merger With Flipkart, Write Letter To PMO, Other Authorities While the Snapdeal founders have announced their intention to work towards Snapdeal 2.0 after the merger deal with Flipkart fell through, apparently Snapdeal employees are not impressed with their founders’ commitment. Former and current employees of the Delhi-based company have anonymously floated a joint letter to co-founders, Kunal Bahl and Rohit Bansal, and also addressed […]
- Indian Startup Funding Of The Week [Funding Galore 24-29 July] We bring you the latest edition of Funding Galore: Indian Startup Funding of the week. This week, 10 Indian startups raised about $83 Mn in funding altogether and three startup acquisitions took place in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed their funding amounts.) One of the […]