- Kunal Shah Is Looking To Raise $30 Mn Capital For His New Venture Months after Freecharge founder Kunal Shah caused Twitter waves with his plans for a new startup in 2018, reports have surfaced that he is now looking to raise nearly $30 Mn in Series A funding for his startup. Reports quoted people close to the development to reveal that Kunal Shah will raise funds from venture […]
- Once An Entrepreneur, Always An Entrepreneur: Kunal Shah To Kickstart His Startup Journey Again! “Either you run the day, or the day runs you.” Freecharge founder Kunal Shah, after having turned to becoming an investor, investing in a number of startups, then becoming an advisor to Sequoia Capital, is now back into the startup game. After investing in more than 10 startups, Kunal Shah is now looking to set […]
- Spinny Raises $1 Mn From Blume Ventures, Others Gurugram-based used car marketplace Spinny has raised $1 Mn Seed funding led by Blume Ventures, Indian Angel Network, and FreeCharge co-founders Kunal Shah and Sandeep Tandon. The startup will use the funds to strengthen its technology platform and for the expansion of its hubs. Arpit Agarwal, Principal at Blume Ventures said, “Despite the presence of vertical-focussed […]
- FreeCharge In Acquisition Talks With Bank of Baroda, Times Internet Bank Of Baroda (BOB) and Times Internet have reportedly been in talks with Jasper Infotech-owned digital wallet FreeCharge. The deal size is expected to be in the range of $60 Mn-$75 Mn. As stated in the MoneyControl report, BOB aims to strengthen its digital payment facility, with the FreeCharge acquisition. BOB launched its mobile wallet […]
- Paytm Signs Term Sheet To Acquire FreeCharge; May Cut Valuation by 80% 2017 seems like a year of consolidations. With Flipkart and Snapdeal exploring the final terms of a merger, it is now reported that Paytm has signed a non-exclusive term sheet to acquire Jasper Infotech owned FreeCharge. Last month, it was reported that ecommerce and payments company Paytm was in talks with Japan-based SoftBank to raise about $1.5 […]
- Confused Indian Netizens Snap At Snapdeal Instead Of Snapchat Over CEO Evan Spiegel’s Undiplomatic “Poor India” Remark The last thing beleaguered ecommerce company Snapdeal needed was another controversy. Yet that’s exactly where it has found itself in – albeit this time through no fault of its own. The online marketplace, which is in the middle of a sale to rival Flipkart, was caught in the crossfire of citizens reacting to Snapchat CEO […]
- India Versus China- A Qualitative Study On Similarities And Difference Fresh from a two-week long trip to China, after having interacted closely with various stakeholders in the Chinese startup ecosystem – investors, startups, BAT (-B) and Govternment officials, here’s the first post to capture the rich learnings. This post aims to explore the similarities and differences between the two countries on different levels from an […]
- Movers And Shakers Of The Week [20 March – 25 March] Snapdeal Undergoes Three Major Leadership Changes Snapdeal’s Bengaluru-based digital payment subsidiary FreeCharge has appointed Jason Kothari as the Chief Executive Officer (CEO). This appointment comes within a month of FreeCharge’s earlier CEO Govind Rajan quitting the company. CEO Govind Rajan had replaced Kunal Shah as the CEO in May 2016. Kothari had joined Snapdeal in […]
- Snapdeal Commits $20 Mn Funding To FreeCharge, Appoints Jason Kothari As CEO Snapdeal today named Jason Kothari as the Chief Executive Officer of FreeCharge. This appointment comes within a month of FreeCharge’s earlier CEO Govind Rajan quitting the company. Additionally, the ecommerce giant will invest an additional $20 Mn in the digital payments platform. The investment is for accelerating growth in the wake of rising digital payments […]
- Senior Level Exit At Snapdeal Continues; FreeCharge CEO Govind Rajan Quits FreeCharge CEO Govind Rajan has resigned. Govind joined Freecharge in August 2015. He replaced Kunal Shah as the CEO in May 2016. The reason for his exit is undisclosed. A company spokesperson confirmed the development to Inc42. Snapdeal had acquired Freecharge for over $450 Mn through a mix of cash and equity in April 2015. […]
- Movers And Shakers Of The Week [13 February – 18 February] Freecharge founder – Kunal Shah has joined VC firm Sequoia Capital India as an advisor. This will be an additional role to his current commitments as Chairman of Freecharge and also Chairman of the Executive Council (2015-2017) at the Internet and Mobile Association of India (IAMAI). Kunal is also an active angel investor and startup mentor. He […]
- Y Combinator Alum Innov8 Raises Funding From Rajan Anandan, Vijay Shekhar Sharma, LetsVenture And Others Delhi-based coworking office space provider Innov8 has raised an undisclosed amount of angel funding led by LetsVenture, Venture Catalysts and independent angel investors like Rajan Anandan (Google), S. Somasegar (MD, Madrona Venture Group), Vijay Shekhar Sharma (founder, Paytm), Girish Mathrubootham (founder and CEO, Freshdesk), Kunal Shah (co-founder, FreeCharge), and others. Rajan Anandan, Vice President and […]