Freecharge

Experts share top tips first-time investors should keep in mind before launching their investment journey

Top 3 investment lessons we have learned from this situation

Key lessons a pandemic of this scale has taught us when it comes to investing

Setting Sail podcast | Freecharge co-founder and CRED CEO Kunal Shah on how to become a second-time entrepreneur

Kunal Shah talks about learning from the past and what it was like to pass the baton of one company and moving on to another venture.

Kunal Shah's second venture Cred to raise $125 million in Series A funding

FreeCharge co-founder Kunal Shah’s venture is close to finalizing a $125 million round. Existing investors Sequoia, Ribbit and Apoletto Asia have pumped in the first tranche of $65 million.

Freecharge expands its product portfolio by partnering with AbhiBus

This partnership will allow the company to enable more than 1 lakh routes and 2,500 bus operators on its platform

After integrating Freecharge, Flipkart's PhonePe plans to open up platform for all 

The company is currently in talks with several businesses with high-frequency transactions in sectors such as food delivery, ticketing, entertainment for exclusive partnerships over the next six months.

With rival Snapdeal out of picture, Flipkart inks deal with Freecharge

The deal also signifies an increasing attempt by Flipkart to maintain an edge over rival Paytm which is also expanding its online marketplace - Paytm Mall.

Plan to keep Freecharge as separate entity: Axis Bank CFO

"Generally what we want to do is to maintain such companies as an independent unit which can keep their own culture," Jairam Sridharan, chief financial officer of Axis Bank told Moneycontrol (on-left in pic).

Axis Bank buys Freecharge from Snapdeal for Rs 385 crore in all-cash deal

The Axis-Freecharge deal size at USD 60 million is significantly lower than the USD 400 million Snapdeal had paid to acquire the payments firm in 2015.

Axis Bank likely to buy Snapdeal owned Freecharge for about Rs 400 cr: Sources

Expected to be signed on Thursday, the deal will give some breather to Gurgaon-based Snapdeal which is running low on cash. The deal will also change contours of Snapdeal's sale talks with Flipkart.

Axis Bank likely to acquire Freecharge for Rs 350-400 cr

The deal is almost through and an announcement is likely to be made in the next few days, two people familiar with the development said.

Snapdeal has a 'plan B' in case Flipkart deal fails

Snapdeal may witness another round of layoffs which may impact 600 to 1,000 odd employees, two people privy to the development inside the company told Moneycontrol

Why is Avendus Capital behind most large e-commerce deals in India?

Moneycontrol charts the growth story of Avendus Capital and how it cracked the formula of most large digital investments in India, which includes a USD 80 million round in food tech firm Swiggy, this week.

Bank of Baroda, Times Internet in fray to buy Snapdeal’s e-wallet Freecharge

The deal, if successful will allow Bank of Baroda to expand its mobile wallet service, it launched last year and also to get access to millions of young customers FreeCharge has on its platform

The declining valuation saga of Snapdeal-led Freecharge

While Snapdeal had lost the e-commerce race to Amazon and Flipkart, it wanted to catch-up on the wallet race, which was being dominated by Paytm

Snapdeal inches closer to Flipkart sale with Kalaari Capital nod

Snapdeal’s largest stakeholder SoftBank, which has for long been trying to sell its portfolio company, was initially facing stiff resistance from other early investors such as Kalaari and Nexus Venture Partners.

MobiKwik may hook up with Freecharge; valuation of new entity pegged at $700 mn-$1 bn

Paypal had earlier shown interest in investing into Freecharge, but the deal did not materialise. PayU, backed by Naspers, is rumoured to also be interested in Freecharge

Converting credit card money to cash using Paytm? This is how you can land in trouble

Tech savvy users exploit a loophole in e-wallets but are not aware that it land them into deep trouble.

Snapdeal looking to raise $100 million from SoftBank, other investors

The company, which last year lost its second place in India's fiercely competitive online retail market to Amazon.com Inc, aims to become profitable in two years but faces falling cash reserves.

Under pressure, Snapdeal woos staff with promises of profit

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

The story behind Snapdeal's increasing cart of woes

Even as townhalls have started at Gurgaon-based Snapdeal to soothe anxious employees, over 2,000 employees out of over 4300 have been estimated to be impacted by the company's retrenchment exercise this year. Moneycontrol digs deep to find out what led to the company to this juncture and the way ahead.

PayU to line up $250 million to expand India offerings

Naspers Group-backed digital payments firm PayU is likely to invest USD 250 million in the Indian business in the next five years, as the company extends focus on consumer offerings besides core products, according to a senior executive of the company.

Now, devotees can donate by scanning QR codes

After mobile wallets and point of sale machines, Paytm has set up QR codes at places of worship.