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Amazon Offers $ 80 Million For FreeCharge
Global emcommerce giant Amazon has joined the list of prospective buyers interested in the digital wallet FreeCharge. The online ecommerce company has reportedly offered $ 70 – $ 80 million for FreeCharge, which is owned by the troubled ecommerce company Snapdeal.
Amazon made the offer to Jasper Infotech, which owns and operates both Snapdeal and FreeCharge with a signed termsheet last week. They have also recently invested about $30 million in their Indian digital payments entity, Amazon Pay India. With this acquisition, Amazon will be able to strengthen their hold in the digital payments market space. MobiKwik, Paytm, Bank of Baroda along with Times Internet have shown interest in buying the digital payments and wallet arm.
Axis Bank also made an offer of $60 – $ 65 million a couple of weeks back, emerging as the front runner for the acquisition. The Economic Times reported, rival online payments service Paytm also had signed a non exclusive termsheet and made a $ 10 million offer for the acquisition of FreeCharge. But, according to the report, Axis Bank remains the favorite to acquire the digital payments platform, despite Amazon’s higher bid.
Jasper Infotech invested $ 3.38 million in the digital wallet in May this year, prior to which Snapdeal had also made an investment of $ 20 million in March. But talks about the acquisition of FreeCharge have been doing rounds for over six months now. American online payments system PayPal was also reportedly planning to acquire a significant stake in FreeCharge, before the news of Flipkart acquiring rival Snapdeal surfaced. Since then, there have been multiple prospective bids for Freecharge and Snapdeal’s logistics arm Vulcan Express.
The future of Jasper Infotech owned Snapdeal is also unclear with reports claiming the founders Kunal Bahl and Rohit Bansal have been in talks with other senior executives looking for alternative options.
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.
In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.
Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.
Apple MacBook Air M5 Launched: M5 Chip, 22-Hour Battery in India
₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide
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