Govind Rajan became CEO of Snapdeal owned Freecharge

Snapdeal-owned digital payments platform Freecharge, has recently announced a top level rejig at the company with the appointment of Govind Rajan as the Chief Executive Officer. 
Freecharge had teamed up with Yes Bank to launch a digital wallet that will allow consumers make payments for transactions on both Freecharge and Snapdeal.
•    Prior to Snapdeal, Rajan was overseeing Airtel's revenue and      market share growth, customer life cycle management and building marketing capabilities across the organisation.
•    The deal is said to be 30% in cash and 70% in stock. The          transaction was done at a $5 billion valuation   for Snapdeal.
•    Snapdeal co-founder and CEO Kunal Bahl said here on Wednesday that the joint entity would create the    country's largest mobile   commerce platform with over 40 million customers. About half of that comes from FreeCharge.
•    Flipkart, with which Snapdeal is in fierce competition, has 30 million registered users. Flipkart had acquired online clothing firm Myntra for over $330 million last year.