<article>MobiKwik is in talks with FreeCharge for a possible merger, while Kalaari has agreed to the sale of Snapdeal to Flipkart.</article>

MobiKwik is in talks with FreeCharge for a possible merger, while Kalaari has agreed to the sale of Snapdeal to Flipkart.
<h3>Mobikwik in talks with FreeCharge for merger</h3>
Snapdeal-owned mobile wallet <a style="color: #000080;" href="http://dealstreetasia.com/tag/freecharge" target="_blank" rel="noopener noreferrer">FreeCharge</a> is in initial talks to merge itself in an all-stock deal with rival <a style="color: #000080;" href="http://dealstreetasia.com/tag/mobikwik" target="_blank" rel="noopener noreferrer">MobiKwik</a>, according to  a Business Standard <a style="color: #000080;" href="http://www.business-standard.com/article/companies/freecharge-mobikwik-in-merger-talks-117042400067_1.html" target="_blank" rel="noopener noreferrer">report </a>quoting sources.
The sources said that if the merger goes through then the new entity is likely to attract a $200 million investment from a Chinese investor who is eager to make an entry into India. Other investors are also keen to invest in that entity.
“The talks started last week as people from MobiKwik and Freecharge met to discuss a merger. This would make them one of the largest in the market. The Chinese investor is interested in putting in around $200 million in the merged entity as only a bigger player would be able to hold its own against Paytm,” said a source.
According to sources, both MobiKwik and FreeCharge would be worth around $300 mn each. And, a merged entity could be valued at anything between $700 mn to $1 billion.
<h3>Kalaari agrees to sale of Snapdeal to Flipkart</h3>
After the much-reported board room battle between the investors of <a style="color: #000080;" href="http://dealstreetasia.com/tag/snapdeal" target="_blank" rel="noopener noreferrer">Snapdeal</a> over the future of the e-commerce firm, <a style="color: #000080;" href="http://dealstreetasia.com/tag/kalaari-capital" target="_blank" rel="noopener noreferrer">Kalaari Capital</a>, an early investor has agreed to the proposed sale of the company to larger rival <a style="color: #000080;" href="http://dealstreetasia.com/tag/flipkart" target="_blank" rel="noopener noreferrer">Flipkart</a>, said <a style="color: #000080;" href="http://economictimes.indiatimes.com/small-biz/startups/snapdeal-sale-to-flipkart-kalaari-capital-comes-on-board/articleshow/58332916.cms" target="_blank" rel="noopener noreferrer">a report</a> in The Economic Times quoting sources.
Japanese investor SoftBank, the largest stakeholder in Snapdeal, has been pressing for a sale of Snapdeal  at an estimated price of $1 billion, but has faced resistance from early investors Kalaari and<a style="color: #000080;" href="http://dealstreetasia.com/tag/nexus-venture" target="_blank" rel="noopener noreferrer"> Nexus Venture Partners</a> over the decrease valuation of $6.5 billion.
“After sustained discussions, they (Kalaari Capital) are now on board… There is an understanding that they will work with SoftBank down the line,” said one source. Talks between Nexus and SoftBank are also continuing.
SoftBank requires the consent of at least two major Jasper Infotech shareholders to push through a sale of the company.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-snapdeal-misses-out-on-funding-as-softbank-feuds-with-kalaari-capital-nexus-69146/" target="_blank" rel="noopener noreferrer">India: Snapdeal misses out on funding as SoftBank feuds with Kalaari Capital, Nexus</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/69636-69636/" target="_blank" rel="noopener noreferrer">India: Softbank in talks to sell Freecharge at half the price at $200m</a>
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MobiKwik is in talks with FreeCharge for a possible merger, while Kalaari has agreed to the sale of Snapdeal to Flipkart.

India Digest: Mobikwik eyes merger with FreeCharge; Kalaari agrees to Snapdeal sale

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India Digest: Mobikwik eyes merger with FreeCharge; Kalaari agrees to Snapdeal sale

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