Jason Kothari is the new CEO of FreeCharge

Snapdeal, India’s third leading e-commerce player, has appointed Jason Kothari as the new CEO of FreeCharge, the digital payments platform owned by parent company $4.

Kothari will be taking over from Govind Rajan, who had $4 last month.

Snapdeal also announced their plan to invest an additional $20 million in $4, to be used to advance accelerate innovations and growth.

Also read: $4

"As India moves towards a cashless and digital economy, we are certain that FreeCharge will play a pivotal role in the transition. We remain committed to the success and vision of FreeCharge. Jason is a strong, strategic and versatile business leader & entrepreneur who has already been the CEO of two successful companies. We are delighted to announce his leadership role at FreeCharge," said Snapdeal CEO Kunal Bahl.

Also read: $4

Kothari, who also serves as the chief strategy and investment officer at Snapdeal will continue with his earlier roles, along with being added to the board of directors of FreeCharge.

"The digital payments space in India is forecasted to be over $ 1 trillion by 2025. I'm excited to join the talented team at FreeCharge at such a high-growth and dynamic time in the industry and expect FreeCharge to continue to play a key role in this digital payments revolution," Kothari said.

In the past, Kothari served as the CEO of $4, prior to which he was the CEO and VC of Valiant Entertainment, a character entertainment company.

(Image source: 9AMstories)