Meru Mobility, in which Mahindra has a 55% stake, also has plans to raise Rs 350-400 crore from a clutch of strategic investors.

The fundraising plan comes at a time when Meru Cabs is sharpening focus on providing cabs to corporates and expanding its base of electric ...

M&M would invest an amount not exceeding Rs 201.5 crore in Meru.

Meru Cabs is looking to double down on its B2B offering, which includes corporate employee transportation, car rentals and airport contract...

On the Meru Cabs app customers will be able to choose from up to 10 taxis whose fares, expected time of arrival, vehicle model and driver r...

According to Pahwa, the Indian taxi industry in India will continue growing at 45% compound annual growth.

This was apparently in response to a blogpost by Bhavik Rathod, Uber's general manager of South and West in India.

Meru will be deploying these funds primarily to increase brand salience and brand awareness with the aim of widening its customer base.

Meru had alleged that Uber was following the practice of predatory pricing in Kolkata market and was able to offer low prices as Uber had r...

Ola will initially invest Rs 500 crore and raise funds independently for this subsidiary, which is separate from its aggregator model.

Meru also introduced a zero-click option, where the amount will be directly debited from mobile wallets.

The latest fund-raising is on top of a $50-million tranche Meru secured this week from existing investor India Value Fund Advisors (IVFA).

The company, which faces stiff competition from relative newcomers Uber and Ola, is also looking at raising another $100 million from a new...

Meru Cabs is expecting a valuation of $400 mn and sources indicate that Uber will be looking at buying a majority stake in the Indian compa...

This December, as newer and nimbler rivals Uber and Ola froze under the regulatory glare, Meru Cabs saw an unusual 25% spurt in business.

Meru, which began operations in 2007 and is expected to earn Rs 200 crore this fiscal, has faced a number of strikes by drivers, especially...

In Hindu mythology, Mount Meru helped the gods and demons extract nectar during the churning of the ocean. In many ways, Meru Cabs, named a...