Snapdeal has appointed Jason Kothari as the new CEO of Freecharge, following the resignation of former CEO Govind Rajan last month. They have also committed to further invest $20 million in the e-wallet company.
We remain committed to the success and vision of Freecharge. Jason is a strong, strategic and versatile business leader and entrepreneur who has already been the CEO of two successful companies. We are delighted to announce his leadership role at Freecharge,” Kunal Bahl, the CEO of Snapdeal was quoted as saying.
Jason will continue to play the role of Chief Strategy and Investment Officer for Snapdeal, along with taking charge of Freecharge. He will also join the board of directors of Freecharge. Jason has ample experience in leadership positions, as he was the CEO of the online real estate company Housing.com before joining Snapdeal; and prior to that, he was CEO and Vice Chairman at character-based entertainment company Valiant Entertainment. He was highly successful in both these assignments, be it elevating the revenue by 400 per cent at Housing.com, or raising $140 million from top strategic investors at Valiant Entertainment.
“The digital payments space in India is forecasted to be over $1 trillion by 2025. I’m excited to join the talented team at Freecharge at such a high-growth and dynamic time in the industry and expect Freecharge to continue to play a key role in this digital payments revolution,” said Kothari.