Two men were stabbed during the fight, both taken to hospital in a critical condition.
One of the men, a 20-year-old from Cranbourne, later died. The second man remains in hospital.
A 19-year-old man from Broadmeadows was arrested at the scene for affray and is helping police with their investigation.
On Monday, two teenagers were charged over the alleged carjacking in Dandenong North.
A 17-year-old boy from Pakenham was charged with aggravated carjacking, theft of motor vehicle, intentionally and recklessly cause injury, assault in company and assault with a weapon.
Another boy, 15 years old, has also been charged with aggravated carjacking, theft of motor vehicle, affray and assault with a weapon.
A 22-year-old man from Cairnlea was arrested but has been released pending further inquiries.
The two teenagers have been remanded to appear before a children’s court.
Police are currently investigating whether all three incidents are linked.
Acting Superintendent Troy Papworth called the violent acts “frankly disgraceful”.
“Last night, we saw a number of groups, predominantly young men, coming into the city to cause violence,” he said.
“I assure you we will come down hard on people who continue to come into the city and bring violence with them. It shouldn’t be tolerated by the community and it definitely will not be tolerated by police.
“We are exploring whether parties in these investigations are known to each other, but … the investigations do very much remain in their infancy at this stage.
“I am confident we will identify these offenders shortly.”