Snapdeal, an e-commerce company, today appointed Jason Kothari as the Chief Executive Officer (CEO) of FreeCharge, a digital payment services firm, Bureaucracy Today has learnt.
Jason has already been the CEO of two successful companies - Softbank-backed online real estate company Housing.com, and character-based entertainment company, Valiant Entertainment. Kothari will, however, continue his role as Chief Strategy and Investment Officer at Snapdeal.
The Co-Founder and CEO of Snapdeal, Kunal Bahl said, “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 under Jason Kothari’s leadership role at FreeCharge.”
A FreeCharge is digital payment software with which consumer can opt to pay for their fuel purchases, travel and commute bookings, food delivery and dining, movie and event tickets, shopping needs across leading offline and online merchants.
Kothari said, “The digital payments space in India is forecasted to be over 1 trillion USD 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.”
Currently, Snapdeal is said to hold an assortment of 65 million plus products across 1000 plus categories from over 125,000 regional, national, and international brands and retailers with more than 300,000 sellers and delivers to 6000 plus cities and towns in India.