Snapdeal has announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge. The company is also investing $20 million in FreeCharge.
In addition to taking on the role of the CEO, Jason will continue his role as Chief Strategy & Investment Officer at Snapdeal. He will also join the Board of Directors of FreeCharge.
Kunal Bahl, Co-founder & CEO, Snapdeal, said in a statement,
As India moves towards a cashless and digital economy, we are certain that FreeCharge will play a pivotal role in the transition. We remain committed to the success and vision of FreeCharge. Jason 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.
Jason Kothari, Chief Executive Officer, FreeCharge & Chief Strategy & Investment Officer, Snapdeal, said,
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.
Prior to his role at Snapdeal, Kothari was CEO of Housing.com and CEO & Vice Chairman of character-based entertainment company Valiant Entertainment. Snapdeal acquired FreeCharge in April 2015 following which it integrated Freecharge wallet into its Android and iOS mobile apps in 2016."Snapdeal appoints Jason Kothari as FreeCharge CEO, invests $20 million",