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You may soon get home, car loans in just 59 minutes

Under the proposed new regime, PSBs could soon approve home, car and personal loans in 59 minutes.


Aug 20, 2019, 07.43 PM IST



FreeCharge’s Kunal Shah is back with Fintech firm Cred

Shah gets $25 million from Sequoia, Ribbit & others for his new venture.

Prithvi Shaw’s managers send notice to Swiggy, FreeCharge over tweets

The notices sent to Swiggy and FreeCharge and seen by ET state that the two companies are “encashing the name and fame” of the player without authorisation from Baseline.

Ex-FreeCharge CEO Rajan Joins Cuemath as COO

Industry veteran Rajan has worked across brands like Airtel and Unilever, before his stint in Fr...

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  • FreeCharge was acquired by the now beleaguered e-tailer Snapdeal for $400 million in 2015, and was last year sold to Axis Bank for $60 million.

    The letters are being handed to the employees of FreeCharge - following the announcement of its sale to private sector lender Axis Bank last week for Rs 385 crore.

    The acquisition of FreeCharge business would give Axis Bank access to about 52 million mobile wallet holders of FreeCharge as well as about 150 to 200 professionals.

    Development comes on the heels of Axis Bank emerging as one of the frontrunners to buy Snapdeal's digital payments platform.

    FreeCharge was acquired by Jasper in 2015 in a deal estimated at $400-450 mn in what was then the largest acquisition in the Indian startup landscape.

    The company, whose founders fought a bruising battle last year with its investors as well as Flipkart to avoid being acquired by the rival ecommerce firm, posted revenue of Rs 903.8 crore for fiscal 2017, compared with Rs 1,457 crore the previous year.

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