Meru Cabs in stake sale talks with Japan’s Orix AutoMeru Mobility, in which Mahindra has a 55% stake, also has plans to raise Rs 350-400 crore from a clutch of strategic investors.
09 Mar, 2021, 11.44 AM IST
Meru Cabs plans to raise up to Rs 400 crore from PE fundsThe fundraising plan comes at a time when Meru Cabs is sharpening focus on providing cabs to corporates and expanding its base of electric ...
28 Nov, 2020, 05.00 AM IST
M&M to acquire 55% stake in Meru for cash consideration of up to Rs 201.5 croreM&M would invest an amount not exceeding Rs 201.5 crore in Meru.
01 Sep, 2019, 02.40 PM IST
Taxi operator Meru Cabs looks to turn to B2B clientsMeru Cabs is looking to double down on its B2B offering, which includes corporate employee transportation, car rentals and airport contract...
09 Apr, 2018, 11.45 AM IST
Meru rides to marketplace to catch up with its rivalsOn 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...
15 Mar, 2018, 08.38 AM IST
Pahwa ends Meru ride after 5 yearsAccording to Pahwa, the Indian taxi industry in India will continue growing at 45% compound annual growth.
29 Nov, 2016, 10.20 AM IST
Meru tears into Uber for "breaking" local lawsThis was apparently in response to a blogpost by Bhavik Rathod, Uber's general manager of South and West in India.
05 Jul, 2016, 08.24 PM IST
Meru raises Rs 150 crore from Brand CapitalMeru will be deploying these funds primarily to increase brand salience and brand awareness with the aim of widening its customer base.
30 Jun, 2016, 11.23 AM IST
CCI rejects Meru Cabs' complaint against UberMeru 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...
30 Dec, 2015, 03.05 AM IST
Ola to spend Rs 5,000 crore to buy cars, will form separate subsidiaryOla will initially invest Rs 500 crore and raise funds independently for this subsidiary, which is separate from its aggregator model.
15 Sep, 2015, 06.49 AM IST
Meru says gets 70% revenue from app, partners Paytm, MobiKwikMeru also introduced a zero-click option, where the amount will be directly debited from mobile wallets.
06 Jul, 2015, 05.06 PM IST
Meru Cabs in talks with Valiant Capital and Falcon Edge Capital to raise Rs 627 croreThe latest fund-raising is on top of a $50-million tranche Meru secured this week from existing investor India Value Fund Advisors (IVFA).
19 Mar, 2015, 01.26 AM IST
Meru Cabs raises Rs 300 crore from IVFAThe company, which faces stiff competition from relative newcomers Uber and Ola, is also looking at raising another $100 million from a new...
17 Mar, 2015, 12.17 PM IST
US-based Uber in talks to buy Meru CabsMeru 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...
02 Feb, 2015, 06.58 PM IST
Can Meru Cabs strike back after Ola and Uber come under regulatory scanner?This December, as newer and nimbler rivals Uber and Ola froze under the regulatory glare, Meru Cabs saw an unusual 25% spurt in business.
25 Dec, 2014, 01.09 PM IST
- E-Taxi aggregators claim better business model post Meru strike
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...
08 Feb, 2013, 12.05 PM IST
Power of Ideas: How Meru Cabs evolvedIn Hindu mythology, Mount Meru helped the gods and demons extract nectar during the churning of the ocean. In many ways, Meru Cabs, named a...
01 Sep, 2010, 12.48 AM IST