LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger

Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger
Flipkart group CEO Binny Bansal. Photo: IANS
Written By: Collin Furtado
Updated: Mon, Apr 24, 2017
12:26 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Should you buy: Moto G5 Plus 32 GB on Flipkart; check out price, specifications Should you buy: Moto G5 Plus 32 GB on Flipkart; check out price, specifications
Flipkart to invest in new businesses like PhonePe, Fintech Flipkart to invest in new businesses like PhonePe, Fintech
SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports
Mobile wallet firms FreeCharge, MobiKwik in talks regarding merger Mobile wallet firms FreeCharge, MobiKwik in talks regarding merger
Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through

While news of Flipkart in talks SoftBank for the acquisition of Snapdeal was brewing at the start of the month, it now appears that Snapdeal's subsidiary may be merged with rival mobile wallet company MobiKwik.

The merger is expected to be followed by an investment of $200 million (nearly Rs 1,300 crore) from a Chinese investor who is looking to make an entry into the country.

While there is not much information regarding the merger deal as talks between the two started last week, it is expected to be an all-stock deal. If the merger goes through the merged entity is estimated to be worth around $700 million to $1 billion.

Since this is not an acquisition, it remains to be seen how much stake Snapdeal will have in the merged entity.

However, Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most. Flipkart had lost out in the mobile wallet game, which saw Paytm now become one of the most sought-aftered company.

The e-commerce company while it was in the digital payments space with PayZippy, it shut it down in 2014 in a little over a year. A mistake that led to the company acquiring three digital payment start-ups.

PhonePe is Flipkart's third acquisition in the payments space after it bought NGPay and FXMart earlier. While it has PhonePe in April last year, it is considerably behind in the race.

If the merger between FreeCharge and MobiKwik goes through, Flipkart through its acquisition of Snapdeal will enable it to get a considerable boost in the digital payments market and enable it to even take on leader Paytm.

While Paytm has over 200 million users, Freecharge and MobiKwik are expected have over 100 million users each. A merger could see their user base coming close to Paytm and this is a potential that Flipkart could leverage on.

Besides this, the merger would help bolster Flipkart's expertise in the digital payments market once its acquisition with Snapdeal goes through.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
FlipkartFreeCharge-MobiKwik mergerMobikwikFreechargeSnapdealinvestorSoftbankDigital Paymentmobile walletPaytmIT
RELATED NEWS
Should you buy: Moto G5 Plus 32 GB on Flipkart; check out price, specifications Should you buy: Moto G5 Plus 32 GB on Flipkart; check out price, specifications
Flipkart to invest in new businesses like PhonePe, Fintech Flipkart to invest in new businesses like PhonePe, Fintech
SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports
Mobile wallet firms FreeCharge, MobiKwik in talks regarding merger Mobile wallet firms FreeCharge, MobiKwik in talks regarding merger
Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through

LATEST NEWS

7th Pay Commission Latest News: 'Special Allowance' extended for These Central government employees

Gold Price Today 18-04-2021 – Be prepared to pay more for Gold, Silver; not just coronavirus, bullion prices may jump because of THIS reason

Petrol, Diesel Price Today – Rates unchanged on Sunday in 4 metros; Do this to get latest prices in Delhi-NCR, Mumbai, Kolkata and Chennai

Covid 19: Railways to fine Rs 500 for not wearing face masks in rail premises, trains

IndianOil Alert – Your Opportunity to earn WHOPPING Rs 2 Cr – Know terms and conditions; Do this and Win BIG

GOOD NEWS! Modi Govt slashes Remdesivir MRP by half, with retro-effect—This is how much it will cost you now

Sonu Sood tests positive for Covid 19

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range; says global markets, Q4 results to drive street

Rajini, Kamal, Mohanlal and many others mourn Vivek's demise

Pharma exports FY 2021: Indian made generics see HUGE demand; grows by 18 percent to $24.44 bn

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved