Online recharge and couponing site FreeCharge has appointed Sharat Khurana as its Chief Financial Officer. In this role, Khurana will be responsible for managing the company’s financial operations and corporate governance among others.
Prior to this, Khurana had founded a digital health management platform called Viam Health in August last year. He’s also worked as the Vice President (Finance) at InMobi for about five years and has had stints at Capital One, Infosys BPO and Travelocity among others.
Interestingly, the release mentions Khurana had previously helped InMobi raise $200 million from Softbank and one of his responsibilities at Freecharge is raising capital. Does this mean Freecharge is looking for more funding? Note that FreeCharge’s competitor Paytm is also apparently in talks with Japan’s SoftBank Corp, Google Capital and Atlantis Capital to raise anywhere between $100 million to $250 million.
Freecharge had recently raised $33 million Series B investment from Sofina, Sequoia Capital and RuNet in September this year, prior to which it had raised Rs 20 crore from Sequoia Capital, way back in January 2010.
Yesterday, Freecharge claimed that its Android app had crossed 5 million downloads on Google Play Store. It also noted that over 80% of its transactions are happening on its mobile apps and it has selectively started rolling out a new & improved app for its Android users.
Freecharge Delights: Last month, Freecharge had also launched a consumer rewards platform called Delights which offers consumers FreeCharge Credits for every transaction on one of their partner’s site. Some of its partners include Amazon, Flipkart, The Mobile Store, MakeMyTrip, Snapdeal, Jabong and Lenskart.