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firstDigital Credit Card: Freecharge forays into Digital Credit Cards powered by Axis Bank

firstDigital Credit Card: Freecharge forays into Digital Credit Cards powered by Axis Bank

Wed, Aug 28, 2019

firstDigital Credit Card: Freecharge – one of the leading digital platforms for financial services, today announced the launch of its firstDigital Credit Card, powered by Axis Bank.

Special discounts on bookings! Buy just Re 1 deal on Freecharge, get this tripXOXO global experience

Special discounts on bookings! Buy just Re 1 deal on Freecharge, get this tripXOXO global experience

Thu, Mar 28, 2019

Now, you can avail special discounts on trip XOXO bookings through Freecharge.

MobiKwik eyes raising $100 million in funding this year

MobiKwik eyes raising $100 million in funding this year

Sun, Aug 06, 2017

MobiKwik has so far raised over USD 85 million in funding from investors like South Africa's payments major Net1, Sequoia Capital, American Express, Tree Line Asia and Cisco Investments.

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After Axis Bank acquires Freecharge, Bajaj Finance buys stake in MobiKwik for Rs 225 crore

After Axis Bank acquires Freecharge, Bajaj Finance buys stake in MobiKwik for Rs 225 crore

Thu, Aug 03, 2017

Just a few days after Axis Bank acquired Freecharge, now NBFC Bajaj Finance has brought nearly 11% stake in another digital wallet company MobiKwik.

Snapdeal rejects Flipkart acquisition deal; plans to walk alone ahead

Snapdeal rejects Flipkart acquisition deal; plans to walk alone ahead

Mon, Jul 31, 2017

Snapdeal decides to end merger talks with Flipkart and receives its blessings from investor SoftBank.

Here's how Freecharge acquisition will bolster Axis Bank's digital arm

Here's how Freecharge acquisition will bolster Axis Bank's digital arm

Thu, Jul 27, 2017

Axis Bank announced on Thursday that it acquired Freecharge from Snapdeal in an all-cash deal for Rs 385 crore.

Snapdeal's sale to Flipkart witnesses delays on complex due diligence process, small investors concerns

Snapdeal's sale to Flipkart witnesses delays on complex due diligence process, small investors concerns

Mon, Jun 26, 2017

The sale of Snapdeal to Flipkart is witnessing delays on account of complex due diligence process and small investors asking greater clarity on its terms of sale. However, the sale is expected to be concluded by July this year.

How Snapdeal's downfall is Paytm's gain with FreeCharge

How Snapdeal's downfall is Paytm's gain with FreeCharge

Thu, May 11, 2017

While there had been speculation earlier that Paytm was looking to buy Freecharge, this latest development puts all rumours to rest.

Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger

Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger

Mon, Apr 24, 2017

Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most.

Mobile wallet firms FreeCharge, MobiKwik in talks regarding merger

Mobile wallet firms FreeCharge, MobiKwik in talks regarding merger

Mon, Apr 24, 2017

The merged entity is likely to get an investment of $200 million (nearly Rs 1,300 crore) from a Chinese investor

Under pressure, Snapdeal woos staff with promises of profit

Under pressure, Snapdeal woos staff with promises of profit

Tue, Apr 04, 2017

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

Ankit Khanna promoted to COO of FreeCharge

Ankit Khanna promoted to COO of FreeCharge

Wed, Mar 22, 2017

Before taking charge as the COO, Ankit was the Chief Product Officer with the company.

Snapdeal installs Jason Kothari as CEO of Freecharge; invests additional $20 million

Snapdeal installs Jason Kothari as CEO of Freecharge; invests additional $20 million

Mon, Mar 20, 2017

Kothari takes over as Freecharge CEO after its former CEO Govind Rajan resigned a year after taking charge of the company.

State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up

State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up

Fri, Mar 10, 2017

India's state sponsored e-payment services have forced mobile wallet companies like Paytm, MobiKwik, Freecharge others to step up their services to gather more customers.

Are digital payments start-ups heading the merger and acquisition way in 2017?

Are digital payments start-ups heading the merger and acquisition way in 2017?

Fri, Feb 24, 2017

It is not only Freecharge that may be acquired pretty soon, there are others in the digital payments system that choose to merge or be acquired due to the tough competition.

How Freecharge got left behind in the digital payments race

How Freecharge got left behind in the digital payments race

Fri, Feb 24, 2017

Freecharge that was just behind Paytm before demonetisation, but failed to capitalise on the opportunity quickly.

Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million

Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million

Thu, Feb 23, 2017

Snapdeal is likely to sell its payments company FreeCharge for $300 million.

Snapdeal's co-founders Kunal Bahl & Rohit Bansal take 100% pay cut

Snapdeal's co-founders Kunal Bahl & Rohit Bansal take 100% pay cut

Wed, Feb 22, 2017

Snapdeal's co-founders Kunal Bahl and Rohit Bansal have taken a 100% cut in their compensation as the company realigns resources to become profitable online retailer in India in two years.

Snapdeal to lay off 600 people over next few days

Snapdeal to lay off 600 people over next few days

Wed, Feb 22, 2017

A Snapdeal spokesperson said: "On our journey towards becoming India's first profitable e-commerce company in two years, it is important that we continue to drive efficiency across all parts of our business, which enables us to pass on the value to our consumers and sellers."

Freecharge CEO Govind Rajan resigns a year after working in Snapdeal subsidiary

Freecharge CEO Govind Rajan resigns a year after working in Snapdeal subsidiary

Wed, Feb 22, 2017

The resignation comes after news of Snapdeal facing problems with raising their next round of funding.

NPCI asks ICICI Bank to open up to PhonePe "immediately"

NPCI asks ICICI Bank to open up to PhonePe "immediately"

Fri, Jan 20, 2017

SBI had also blocked money transfers by its account holders to Paytm, Mobikwik and Freecharge.

Snapdeal's losses widen 125% in FY16; falls to third spot

Snapdeal's losses widen 125% in FY16; falls to third spot

Wed, Jan 18, 2017

"In FY16, we invested our capital in building our capabilities across technology, logistics and seller ecosystem to support the long term growth of our business," a Snapdeal spokesperson was quoted in the report as saying.

How Paytm's quick marketing reflexes reaped demonetisation rewards

How Paytm's quick marketing reflexes reaped demonetisation rewards

Tue, Dec 27, 2016

Just moments after PM Modi's demonetisation announcement Paytm jumped into action to come up with a marketing strategy that put them way ahead of other digital wallets.

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