FreeCharge CEO Govind Rajan calls it quits, Jason Kothari to oversee business ops

Freecharge CEO Govind Rajan has resigned from the company, according to an Economics Times report.

Rajan took the reins of Jasper Infotech-owned digital payments platform in May 2016, and his resignation has already been accepted by the Jasper Infotech leadership. Jason Kothari, who joined Snapdeal in January as its chief strategy and investment officer, will now oversee the business operations of FreeCharge.

“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,” Govind told Livemint.

The move may have been triggered because of Snapdeal’s failure to raise funds independently for FreeCharge in past few months. FreeCharge was acquired by Snapdeal for $450 million in April 2015.

“Govind has brought incredible energy and focus in growing FreeCharge. The pace of progress will continue with the strong team he has built. I am sure he will bring the same level of passion and resolve to whatever he chooses next. I wish him the very best,” Kunal Bahl, chief executive, Jasper Infotech said in a statement.

Snapdeal has witnessed multiple high-profile exits in past few months including Sandeep Komaravelly, head of peer-to-peer marketplace Shopo; Tony Navin, head of partnerships and strategic investments; and Abhishek Kumar, head of corporate development, mergers and acquisitions and investments.