April 25th, 2017As per the report, India's two leading e-wallet company MobiKwik & Freecharge looking to merge in an all-stock deal. According to speculation, behind this deal a chinese investor who is willing to pump Rs USD 200 million into this deal.
The talks between Freecharge and MobiKwik are on their initial stages. Sequoia Capital is the...
March 14th, 2017Jasper Infotech which acquired Freecharge platform invested additional Rs 30 crore into the latter, according to documents filed with the registrar of companies.
Jasper infotech also own and operate one of the leading e-commerce platform of India Snapdeal.com.
An email sent to FreeCharge and Jasper spokespersons seeking comments...
SoftBank-backed Snapdeal will lay off around 600 people across its e-commerce, logistics and payments operations over the next few days.
According to sources, the company started the process last...
February 9th, 2017Digital payments firm MobiKwik today said it is looking at raising fresh funding in three months as it revs up expansion to compete head-on with rivals like Paytm.
The company, which has raised over USD 85 million in funding so far, also expects to break-even by middle of next year.
"We are looking at raising a decent amount of...
January 20th, 2017New Delhi, Delhi, India- FreeCharge, India’s leading digital payments platform, today announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.
With the launch of the facility, users can seamlessly invest in a Money Market Mutual Fund that targets higher returns than those available on savings...
January 10th, 2017Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey.
The Economic Research Department of State Bank of India carried out the survey from December 30, 2016 to January 3, 2017 so as to understand the nuances of demonetisation.
It showed that 15 per cent of transactions...
December 28th, 2016Leading mobile wallet platform FreeCharge today, announced its partnership with the online marketplace pioneer eBay India via Billdesk.
With the partnership, both FreeCharge and eBay customers can access over 100 million product listings on ebay and pay for their order using the FreeCharge wallet option. Users can also avail 25%...
December 23rd, 2016A leading online payment firm PayPal is in talks with freecharge team to acquire 25% stake as the report by Mint. The expecting amount of the acquisition may be around $200 million (approximately Rs 1,357 crore). Jasper Infotech Private Limited known as snapdeal owned FreeCharge.com.
Initially United States-based online payments...
December 14th, 2016While government is pushing for digital payments through mobile phones, chipset maker Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure.
"You will be surprised because most of the banking or wallet apps around the world don't use...
October 4th, 2016MUMBAI, OCTOBER 4: Global payments company Remitr has raised around $1 million from a clutch of well-known global start-up founders and angel investors including Paytm founder Vijay Shekhar Sharma, FreeCharge’s Kunal Shah and Sandeep Tandon, GOQii founder Vishal Gondal, and Seedfund founder Pravin Gandhi.
Founded in 2015 by Kanchan...
September 18th, 2016India is setting a new global standard in fintech. A new instant online payments system, tied to national biometric identity data, launched in recent weeks. Together with an explosion in smartphone usage, this could help the world’s fastest-growing large economy skip traditional financial infrastructure like cash machines, debit cards...
August 27th, 2016Freecharge founders Kunal Shah and Sandeep Tandon, and Freshdesk founder Gireesh Mathrubootham have invested in Crownit, an Online to Offline (O2O) local merchants discovery platform.
The size of the deal is however not disclosed.
Ex-Snapdeal chief product officer Anand Chandrasekaran has also invested in the venture, the company...
