Former Housing CEO Jason Kothari takes the helm at FreeCharge

Jason-Kothari_CEO-Freecharge-01_feE-commerce firm Snapdeal, operated by Jasper Infotech Pvt Ltd, has appointed Jason Kothari as the new chief executive officer of mobile recharge platform FreeCharge. Kothari will also continue his key leadership role as chief strategy and investment officer at Snapdeal, the company said in its statement. He replaces Govind Rajan, who exactly a month ago […]

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Realty consultancy Coldwell acquires property portal Favista

For-Coldwell-Acquisition-Story-VC_ThinkstockPhotos-468340908Real estate consultancy firm Coldwell Banker India Pvt Ltd has acquired property search site Favista.com in an all-stock deal, the company said in a statement. Favista’s assets, IP and employees will become part of Coldwell. The realty broking firm’s brokerage arm will also be absorbed by the company. However, Favista.com will continue to function as […]

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Snapdeal appoints ex-Housing CEO Jason Kothari as strategy & investment chief

Jason Kothari, strategy & investment chief, SnapdealOnline marketplace Snapdeal has appointed ex-Housing CEO Jason Kothari as its chief strategy and investment officer, according to a statement. Kothari will be joining Snapdeal on January 16. “Jason is a strong business leader and entrepreneur who has already been the CEO of two successful companies. Rohit and I warmly welcome Jason to the Snapdeal […]

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Flashback 2016: SoftBank stays on sidelines, tanks up for future

softbank_feBy its lofty standards, 2016 was a relatively quiet year for the SoftBank juggernaut. The telecom and Internet conglomerate, which put copious amounts of money in Snapdeal, OYO Rooms and Grofers in the previous year, stayed away from making any fresh investments in India. This uncharacteristic quiet at SoftBank in terms of fresh investments can […]

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Indian internet businesses fired around 10,000 employees in a year

For-India-Internet-Story_ThinkstockPhotos-523833612Since August 2015, when the first signs of a funding slowdown emerged in the Indian startup ecosystem, around 10,000 people, who have been part of domestic internet firms, have lost jobs, according to a Techcirlce analysis. While vulnerability of jobs at startups is not unusual, Indian internet businesses witnessed an unprecedented level of firings along […]

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Exclusive: Former 99acres EVP Vineet Singh joins MobiKwik

Former 99acres EVP Vineet Singh has joined digital wallet company MobiKwik as chief business officer. The company confirmed the development to Techcircle. Singh, who was part of the management team of Info Edge (India) Ltd and sales head of its internet properties, 99Acres.com, Jeevansathi.com and Naukri.com, left the firm in October 2014 and founded an […]

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How NoBroker is locking down on a fee model to become profitable

NoBroker TechnologiesThe pitfall of excessive cash burn and rapid expansion of several digital real estate developers has led late entrant NoBroker Technologies Solutions to crack the revenue model in the rental space as a priority, before pressing expansion and diversifying into home-buying category. Founder Akhil Gupta of NoBroker, says the company, which raised $13m in two […]

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SoftBank’s Masayoshi Son to visit India; big announcement on Ola expected

Masayoshi-SonSoftBank Group Corp chairman and managing director Masayoshi Son is coming to India early December when the Japanese telecom and Internet conglomerate is expected to make a few high-profile announcements, said two people directly aware of the upcoming visit. SoftBank is one of the largest investors in some of India’s leading consumer Internet companies that […]

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