Freecharge CEO Govind Rajan resigns a year after working in Snapdeal subsidiary
The resignation comes after news of Snapdeal facing problems with raising their next round of funding.
The CEO of mobile wallet company Freecharge's Govind Rajan has resigned. This is just after a year of taking charge of the company which is a subsidiary of Snapdeal, according to media report.
Currently Jason Kothari, who joined Snapdeal recently as the Chief Strategy Officer and was the CEO of Housing.com, will oversee the business operations of Freecharge.
Govind in an interview to Mint said, “It has been a unique privilege to helm FreeCharge in these exciting times of rapid growth and user focused innovation. I am confident that FreeCharge will achieve still greater heights under its incredibly talented team and I look forward to facilitating the transition over the next few weeks.”
According to another media report, Snapdeal is said to be having troubles raising fresh funding as one of its main investors Alibaba is mulling over a merger with another company it has invested in Paytm.
Snapdeal has already seen two of its two of its senior executives resigning at the start of the month. Govind is one of the latest in a series of top-level exits from top Indian tech start-ups. Some of them include
Ola's CFO Rajiv Bansal quiting the company, Flipkart's Mukesh Bansal leaving the company after it was acquired.