FreeCharge may merge with MobiKwik in all-stock deal: Report
Amid developments of Snapdeal's potential sale to rival Flipkart, new reports suggest that Snapdeal-owned digital wallet FreeCharge may merge with rival MobiKwik in an all-stock deal. The new entity is said to get a $200 million investment from a Chinese investor eagerly waiting to make an India entry. FreeCharge is reportedly struggling to raise funding for more than a year.