Online recharge company, FreeCharge is reported to be in discussions with MobiKwik for a merger in an all-stock deal. According to reports, the merged entity is also likely to receive a top-up of $200 million from a Chinese investor. Interestingly, Sequoia Capital is a major investor in both the mobile wallet entities. The merged entity is expected to be valued around 700 million USD - 1 billion USD.
