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 […]

Read more

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 […]

Read more

Exclusive: Makaan co-founder does an encore, launches Uber-for-offices The Office Pass

Aditya Verma, co-founder, Makaan.comAditya Verma, co-founder of real estate company Makaan.com, is starting up again. This time, he is launching a co-working firm called The Office Pass. “The advances in the sharing economy will rub off in the commercial real estate sector as well. So people now share cabs and homes through Uber and Airbnb. We believe people […]

Read more

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 […]

Read more

PropTiger-Housing deal to be signed this week

PropTiger-HousingOnline property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in the online real estate or […]

Read more

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 […]

Read more

Exclusive: Why Times Internet wouldn’t be raising $100 mn for Magicbricks

Offer-ThinkstockPhotos-5212026922Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman, and Co. Ltd (BCCL) that runs several market-leading newspapers as well TV news channels, has scrapped its plans to raise $100 million from external sources for its realty portal MagicBricks. TIL CEO Gautam Sinha told Techcircle that the company shelved the plan as […]

Read more