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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.
FreeCharge’s Kunal Shah is back with Fintech firm Cred
Shah gets $25 million from Sequoia, Ribbit & others for his new venture.
Ex-Housing CEO in fray for WeWork top job
When asked about the development, a SoftBank spokesperson said, “We don’t comment on speculation.”
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.
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.
Oyo's Ritesh Agarwal, top execs to pool individual angel investments through Raaga Partners
Raaga would be a pooled investment vehicle for founding team at Oyo to make collective bets on select startups. The move mirrors previous efforts by India’s top entrepreneurs- including Snapdeal founders- to create separate vehicles for their personal investments.
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.
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 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.
FreeCharge names Ankit Khanna as COO
"As part of his expanded role, Ankit will be managing product, user growth, user experience and business development at Freecharge," a company statement said.
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.
Snapdeal board clears the decks for sale of FreeCharge to Axis Bank
The proposed deal will value FreeCharge at Rs 385-Rs 390cr, a steep plunge from the Rs 2,400cr that Jasper Infotech paid to acquire the company in 2015.
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