FreeCharge, which provides digital payments services, was acquired by Snapdeal for $450 million in April 2015 and appointed Govind Rajan as the chief executive in May 2016. New Delhi: FreeCharge chief executive Govind Rajan has resigned from the company within nine months of his appointment as the payments subsidiary of online marketplace Snapdeal has failed to raise fresh funds. “It has been a unique privilege to helm FreeCharge in these exciting times of rapid growth and user focused innovation. FreeCharge, which provides digital payments services, was acquired by Snapdeal for $450 million in April 2015 and appointed Rajan as the chief executive in May 2016. Rajan was initially hired as the chief strategy officer of Snapdeal, prior to which he was at Bharti Airtel Ltd as its chief marketing officer and chief executive of Airtel Money.

Source: Mint February 21, 2017 19:02 UTC