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Snapdeal appoints Jason Kothari as CEO FreeCharge

India TV Business Desk New Delhi 20 Mar 2017, 16:07:12 PM IST
India TV Business Desk

India’s leading e-commerce firm Snapdeal today announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge, its digital payments platform. The development comes barely a month after former company CEO Govind Rajan’s departure.

Kothari, who has previously served as CEO of Softbank-backed online real estate company Housing.com, will continue as Chief Strategy & Investment Officer at Snapdeal in addition to his role of CEO, FreeCharge, a company statement said.

He will also join the board of Directors of FreeCharge.

“Kothari is a strong, strategic and versatile business leader & entrepreneur who has already been the CEO of two successful companies. We are delighted to announce his leadership role at FreeCharge," Kunal Bahl, Co-founder & CEO, Snapdeal, said.

Prior to his stint at Housing.com, Kothari served as CEO & Vice Chairman of character-based entertainment company Valiant Entertainment.

Snapdeal has committed to invest an additional $20 million (around Rs 130 crore) in the company. However, the e-commerce firm, which has been seeking external investments for its digital payments platform for around a year and a half now, is yet to find strategic or financial investors to back it.