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FreeCharge Founder Kunal Shah Rolls Out a New Venture Cred

26Nov By Gauri SinghNo Comments

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FreeCharge Founder Kunal Shah Rolls Out a New Venture Cred

Kunal Shah, the founder of digital payment company FreeCharge has rolled out his own new venture known as Cred which is a financial services platform targeting consumers with high creditworthiness. For the launch of this startup, the founder has already raised an amount of $25 million (about Rs 177 crore) in funding led by Sequoia Capital and financial technology-focussed fund Ribbit Capital. With this new startup, the consumers will be able to pay their credit card bills and get rewarded in the form of Cred Coins. The basic idea behind this new venture is to tap into the country’s growing credit card base and push products to consumers with high credit scores and offer to them rewards and benefits. “There is a lot of lack of awareness around credit card payments among a majority of...

FreeCharge Co-founder Kunal Shah raises $30 Mn via Sequoia Capital

1Jun By Lavina TolaniNo Comments

FUNDING

FreeCharge Co-founder Kunal Shah raises $30 Mn via Sequoia Capital

Kunal Shah, Co-founder of Payment company Freecharge has successfully raised $30 million from a group of investors led by led by venture capital investor Sequoia Capital, as reported by the sources. Kunal is starting a new incubator that would be dedicated to helping startups in consumer space. One of the sources on request of anonymity said, The funding round has been closed and Kunal has raised over $30 Million to start his new venture that will be launched very soon. He has raised funds mostly from foreign investors. Sequoia has also invested in his new venture. Sequoia the leader in the investment round has been associated with Kunal for quite some time. In February 2017, Kunal joined marquee venture capital firm Sequoia Capital as an advisory role, which came to an end this Ja...

Google India Head Rajan Anandan Appointed IAMAI Chairman

25May By AnkitaNo Comments

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Google India Head Rajan Anandan Appointed IAMAI Chairman

Google vice-president for South East Asia and India, Rajan Anandan has been appointed new chairman of Internet and Mobile Association of India (IAMAI). He took over charge from FreeCharges co-founder and chief executive officer Kunal Shah. MakeMyTrip Chairman & Group CEO Deep Kalra has taken over as vice chairman from music app Saavn co-founder and President Vinodh Bhat. Facebook Managing Director India & South Asia, Umang Bedi has been elected as the new Treasurer of the Association. Subho Ray continues to be the President of the Association, IAMAI said in a statement. The tenure of the new council is for two years. "Anandan assumes office at a time when the industry is going through a growth trajectory with more than 400 million Internet users and with more than 300 m...

Freecharge, Freshdesk Founders Invest in O2O Platform Crownit

27Aug By AdityaNo Comments

FUNDING

Freecharge, Freshdesk Founders Invest in O2O Platform Crownit

Freecharge 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 said in a statement. "We are building Indias largest offline deals company using app-only cost efficient cash-back approach. We are replicating the success of Meituan (China's largest offline deals company) in India. We will continue to scale using product innovation without the need of large capital," Sameer Grover, founder and CEO, Crownit said. Crownit primarily targets offline merchants segment with direct consumer discounts and deals category in India...

24Aug By PriyankaNo Comments

FUNDING

Shaadisaga Raises Funding From Kunal Shah & Others

New Delhi: Online wedding platform Shaadisaga had raised an undisclosed amount of pre-series A funding from Anupam Mittal, founder of matrimonial website Shaadi.com, Freecharge founders Kunal Shah and Sandeep Tandon, and Dheeraj Jain, partner at UK-based hedge fund Redcliffe Capital. ah!Ventures and Rohit Chokhani of White Unicorn Ventures were among the other investors who participated in the round. Founded by Himanshu Kapsime and Manish Garg, Shaadisaga offers couples wedding planning services, providing photographers, make-up artists, marriage venue and so on. “Our team is using technology to essentially bring the offline wedding planning experience onto an online platform, while adding convenience and cost-effectiveness,” said Kapsime. The company will use the money in technolo...

Govind Rajan Replaces Kunal Shah as a New CEO of Freecharge

25May By AdityaNo Comments

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Govind Rajan Replaces Kunal Shah as a New CEO of Freecharge

Snapdeal acquired FreeCharge, a digital payments platform announced Govind Rajan as the new Chief Executive Officer of the company replaces Kunal Shah who is now the chairman. "In Govind, we have an exceptional leader, who will lead FreeCharge to become the No. 1 player in the payments ecosystem in the country," said Kual Shah in a press release. Govind joined FreeCharge in August 2015 and was the Chief Operating Officer at the company. In his previous stints, Govind was the Chief Marketing Officer (B2C) at Bharti Airtel and concurrently also served as the CEO for Airtel Money. An alumnus of Indian Institute of Foreign Trade (IIFT), Govind spent the first 15 years of his professional life at Hindustan Unilever, where he served in various marketing and leadership roles. In April...

29Feb By NitishNo Comments

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Why So Sad Kunal Shah?

(Editor Note: The article we published here is fully focused on Kunal Shah recent activities on social media and his event speech. ) On 9th Feb 2016, the 10th India Digital Summit was organized in Delhi by IAMAI. This Summit was special for two reasons- Kunal Shah opening speech as an IAMAI chairman. First time Govt. officials and representative were also taking part. When we received a mail from IAMAI, we were very excited because this is the first time Pixr8 team going to meet eminent personalities in internet world including Kunal shah, Vijay Shekhar Sharma, Rajan Anandan & Jayant Sinha (MoS, Finance). On the event day, We present at the venue before 30 minutes prior to the start. The atmosphere looks very positive and energetic. The main hall was crowded but we m...

IAMAI Names Kunal Shah (Freecharge, founder) As The New Chairman

5Jan By NitishNo Comments

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IAMAI Names Kunal Shah (Freecharge, founder) As The New Chairman

New Delhi, January 05, 2016: The Internet and Mobile Association of India (IAMAI) has named Kunal Shah, Co-founder & Chief Executive Officer, FreeCharge as the new Chairman of IAMAI. The move was necessitated following Nishant Rao’s move to join Freshdesk as the global Chief Operating Officer, from Linkedin. The Association has also announced Vishwas Patel, Chief Executive Officer – CCAvenue as the new treasurer. Vinodh Bhat, Co-founder, President & Chief Strategy Officer at Saavn remains the Vice-Chairman of the Association. Kunal Shah co-founded FreeCharge in August 2010 with the aim to build a business that turned Recharges. The Association has also announced Vishwas Patel, Chief Executive Officer – CCAvenue as the new treasurer. Vinodh Bhat, Co-founder, President & Chief ...