wordpress blog stats
Connect with us

Hi, what are you looking for?

Jason Kothari quits as Infibeam president, to continue as senior advisor

Infibeam president Jason Kothari has quit the company, barely five months after he joined from Snapdeal. An official filing from the Bombay Stock Exchange shows that Kothari has stepped down to “spend more time abroad due to personal reasons” and will continue at Infibeam as a senior advisor.

Kothari was with Snapdeal for a year and a half as chief strategy and investment officer. He was the CEO and a board member of Freecharge briefly last year. Prior to that, he was CEO of Housing.com between 2015-2017 and also served on its board.

Last month, Infibeam shares plunged 73% after it surfaced that the company had given interest-free and unsecured loans to one of its subsidiary units. After word of the loans spread, traders on Dalal Street began offloading the company’s stock after receiving WhatsApp messages detailing the loans. The company released a statement soon after, declaring that there was no pending information or announcement that may impact its share price. The company’s stock, however, did not recover remarkably.

Infibeam runs an e-commerce platform, owns the payments platform CCAvenue, and is the government’s official partner for GeM (the government e-marketplace).

Read more here: Infibeam shares plunge over 70% after speculation of interest free loans

Advertisement. Scroll to continue reading.

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ