Startup founders who scored big exits are rebounding with a second venture
While one in 10 investments thrive, investors hope signing up with seasoned entrepreneurs will even the odds.
Ather 450 deliveries begin in Chennai
With the fast public chargers set up by Ather, 450 owners will have charging available both at home and...
FreeCharge’s Kunal Shah is back with Fintech firm Cred
Shah gets $25 million from Sequoia, Ribbit & others for his new venture.
Prithvi Shaw’s managers send notice to Swiggy, FreeCharge over tweets
The notices sent to Swiggy and FreeCharge and seen by ET state that the two companies are “encashing the name and fame” of the player without authorisation from Baseline.
Ex-FreeCharge CEO Rajan Joins Cuemath as COO
Industry veteran Rajan has worked across brands like Airtel and Unilever, before his stint in FreeCharge.
FreeCharge founder may raise $30 million for new biz
FreeCharge was acquired by the now beleaguered e-tailer Snapdeal for $400 million in 2015, and was last year sold to Axis Bank for $60 million.
PayU, Fosun closing $10m round in DotPe
Additionally, a number of high-profile angel investors are also expected to pump money into the company.
FreeCharge staff to get retention bonus
The letters are being handed to the employees of FreeCharge - following the announcement of its sale to private sector lender Axis Bank last week for Rs 385 crore.
Amazon offers $70-$80 million for FreeCharge
Development comes on the heels of Axis Bank emerging as one of the frontrunners to buy Snapdeal's digital payments platform.
Startup nation: Indian startup founders reveal important new trends
Entrepreneurs are maturing in their mindset. What are the yardsticks they use to benchmark their success?
Jasper’s revenue down 38% in FY17
The company, whose founders fought a bruising battle last year with its investors as well as Flipkart to avoid being acquired by the rival ecommerce firm, posted revenue of Rs 903.8 crore for fiscal 2017, compared with Rs 1,457 crore the previous year.
Axis Bank to acquire FreeCharge; shares rise
The acquisition of FreeCharge business would give Axis Bank access to about 52 million mobile wallet holders of FreeCharge as well as about 150 to 200 professionals.
Axis Bank emerges the frontrunner to acquire FreeCharge
FreeCharge was acquired by Jasper in 2015 in a deal estimated at $400-450 mn in what was then the largest acquisition in the Indian startup landscape.
PhonePe and FreeCharge join hands allow customers access to PhonePe merchants
In order to pay via FreeCharge on PhonePe, customers can link FreeCharge. Also FreeCharge will show up on the customers’ and merchants’ app at the PhonePe payment path.
Axis Bank acquires FreeCharge for Rs 385 crore
The nearly $60 million deal is a significant drop from the $400 million that Snapdeal had acquired FreeCharge for in 2015.
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