Snapdeal appoints Jason Kothari as CEO of FreeCharge

E-commerce firm Snapdeal on Monday announced the appointment of Jason Kothari as the Chief Executive Officer of its digital payment platform FreeCharge and a commitment to invest an additional $20 million in the company.

We are delighted to announce his leadership role at FreeCharge," Snapdeal Co-Founder and CEO Kunal Bahl said in a statement here.

In addition to taking on the role of CEO, Jason will continue his key leadership role as Chief Strategy and Investment Officer at Snapdeal, the statement said.

He will also join the Board of Directors of FreeCharge, it said. Most recently, Kothari was CEO of Softbank-backed online real estate company Housing.com, where he led the successful turnaround of the company from a position of distress to a market leader in one-and-a half years using organic and inorganic growth, the statement said.

Prior to joining Housing.com, Kothari was CEO and Vice Chairman of character-based entertainment company Valiant Entertainment.